Cyberwarfare and populism are some of the top risks that could threaten global stability and financial markets investors and policymakers warned at the annual Milken Institute Global Conference this week.
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.”