Cyberwarfare and populism are some of the top risks that could threaten global stability and financial markets in the years ahead, investors and policymakers warned at the annual Milken Institute Global Conference this week, as they characterized them as black swan events.
Thomas Barrack, founder and executive chairman of Colony Northstar, said cybersecurity was his greatest concern because “if the system itself is hacked or breaks or causes trauma, I am not sure what happens.”
Representative Ed Royce, chairman of the U.S. House of Representatives Foreign Affairs Committee, echoed the sentiment, saying that “Russian weaponization of information” has been one of his main concerns.
“The impact that is having in terms of the effect on the democratic process there (in Eastern Europe) is very concerning,” Royce said. “Indeed, worldwide Russian efforts in this regard need to be effectively countered, and it’s been many years since we’ve done anything effective.”
Royce, who also expressed concerns about the proliferation of nuclear weapons, called for more aggressive action.
“We need on social media and with respects to our sanctions push-back and make them (Russia) feel the price for doing this,” Royce said.
American intelligence agencies have said that Russia interfered in the 2016 U.S. presidential race to try to help Donald Trump win the presidency. Trump has repeatedly denied…
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