By Jad Malaeb, Benzinga
In today's interconnected world, businesses face various geopolitical risks that can significantly impact their operations and bottom line.
The risks are plentiful and various, but some have taken a specific spotlight in light of recent trends. Cybercrime, for example, proliferated during the COVID-19 pandemic, posing extreme risks to government entities, corporations and individuals, and the trend looks to be continuing in 2023. The COVID-19 pandemic also highlighted the vulnerability of global supply chains, with lockdowns and travel restrictions causing disruptions that closed down thousands of businesses and brought thousands of others to the brink of disaster.
Current geopolitical risks extend beyond these two issues. Rising tensions between the East and West initiated by Russia’s invasion of Ukraine have spurred murmurs of a potential third World War. Trade sanctions on Russia’s allies have placed pressure on the price of commodities, causing massive fluctuations in the price of oil and gas in Europe. Tensions have even migrated further East toward China and Taiwan which have created risks to global security.
Geopolitical risks can pose some of the largest threats to governments and businesses. To mitigate these risks, private and public organizations need access to real-time intelligence and analysis that can help them anticipate and respond to potential threats. The recent acquisition of Dragonfly Eye by FiscalNote Holdings Inc. (NYSE: NOTE), a technology company specializing in AI-driven global policy and market intelligence solutions, provides a platform that can help businesses and governments achieve this goal.
Dragonfly Eye: An Intelligence Solution To Geopolitical Risks
Dragonfly Eye is a UK-based security and geopolitical intelligence provider offering a range of advisory services to help organizations manage and respond to security and political risks. They provide real-time mission-critical intelligence to security, crisis management and risk professionals across multinational companies, financial institutions, public sector entities and NGOs.
Their flagship Security Intelligence and Analysis Service (SIAS) platform is used by nearly half of the top 30 companies in the FTSE-500 and 90% of the world’s top 11 banks. Their services are divided into three categories: Security Risk, Political Risk, and Systems and Solutions, which include management consulting for corporate security and risk intelligence.
Dragonfly’s services help organizations manage geopolitical risks such as supply chain issues and foreign cyber attacks by providing early warning detection and forecasting to anticipate threats, risk rating systems around potential major disruptions, and access to critical analysts and embedded intelligence. Their intelligence-led security support and consultative political risk management services for investors in emerging markets are designed to help security decision-makers evaluate and respond to threats and risks.
With the acquisition of Dragonfly, FiscalNote becomes a significantly enhanced platform to provide businesses with solutions to supply chain disruptions, cybersecurity attacks and other geopolitical risks.
Read more about Dragonfly and FiscalNote here.
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