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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.

From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
SEC and SolarWinds in preliminary deal to end cyber attack lawsuit

The U.S. Securities and Exchange Commission (SEC) has reached a preliminary deal with software company SolarWinds and its chief information security officer to end litigation tied to a Russia-linked cyber attack. The SEC, SolarWinds and Timothy Brown successfully petitioned a federal judge on Wednesday to stay court proceedings while paperwork for a settlement was finalized.  The regulator had sued SolarWinds and Brown in connection with a two-year cyber attack known as Sunburst that targeted the Austin, Texas-based firm. A judge dismissed much of the regulator's case last year. The SEC had said that the defendants defrauded investors by concealing security weaknesses, but U.S. District Judge Paul Engelmayer, who approved the stay, opined that such claims were based on "hindsight and speculation."

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Risk Channel
UK/Europe
US stablecoin policy 'could destabilise global payments system'

Europe's largest asset manager, Amundi, has expressed concern about the boom in dollar-backed stablecoins in the wake of the US Senate's passage of the GENIUS Act. The legislation aims to establish a regulatory framework for US dollar-pegged cryptotokens, which could precipitate significant shifts in global money flows. Vincent Mortier, Amundi's chief investment officer, said: "It could be genius, or it could be evil . . . It could potentially destabilise the global payment system." JPMorgan expects the amount of stablecoins in circulation to roughly double to $500bn in the next few years.

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