F24 Resilience News Digest – June Edition

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Welcome to the monthly F24 Resilience News Digest. In each edition, we bring you the most relevant news and event updates from around the globe. Follow us to keep up with the latest in the industry.

EU and NATO Report Highlights Progress in Addressing Russian Aggression and Expanding Cooperation

European flags

The EU and NATO have made significant progress in their cooperation, as highlighted in the eighth progress report on their common proposals. They have shown unity and support for Ukraine against Russia’s aggression, enhanced resilience, intensified crisis management efforts, and strengthened security and defense capacity building for partner countries. Both organizations are committed to further deepening and expanding their cooperation, including in new areas such as climate and defense, space, and emerging technologies. This collaboration is guided by principles of openness, transparency, inclusiveness, reciprocity, and respect for decision-making autonomy.

Monsoon-Induced Natural Disasters Ravage Nepal, Resulting in Loss of Life and Property

Monsoon-induced natural disasters have severely impacted several districts in the eastern part of Nepal. Continuous rainfall has resulted in significant loss of life and property. Three individuals have been reported dead in Panchthar, Sankhuwasabha, and Taplejung districts, with 29 people still missing. Search and rescue operations are currently underway. In Panchthar, five individuals are missing, and several bridges have been swept away or damaged by floods and landslides. Similarly, in Sankhuwasabha, one person has died, and 21 individuals, including staff members of a hydro power project and villagers, are unaccounted for. Landslides in Ilam district have also affected the lives of local residents.

Learn how Public Warning Systems can help during natural disasters.

Mountains with fog.

Multiple U.S. Government Agencies Targeted in Exploitative Cyberattack; Origin and Impact Being Investigated


Multiple U.S. government agencies have been targeted in a cyberattack exploiting a vulnerability in widely used software. The U.S. Cybersecurity and Infrastructure Security Agency (CISA) is investigating the attack and its potential impact. The software, called “MOVEit,” is used by federal agencies and businesses worldwide. CISA is working closely with affected agencies to mitigate the risks. The attack is attributed to a ransomware group known as Clop Ransomware, which seeks to extort data. The incident follows President Biden’s implementation of a National Cybersecurity Strategy to protect critical infrastructure from cyber threats. Recent cyberattacks have targeted organizations like the U.S. Marshals Service and a Boston union, resulting in significant financial losses.

Do you know how to respond to a cyber attack? Find out how F24 can help you be prepared!

European Commission Calls for Additional 10 Billion Euros to Drive Strategic Technology Investments and Renewable Energy

The European Commission has requested EU governments to contribute an additional 10 billion euros between 2024 and 2027 to support investments in key technologies, including renewable energy. The aim is to leverage a total of 160 billion euros in investments through the Strategic Technologies for Europe Platform (STEP). The request is part of the EU’s review of its long-term budget, considering the impact of factors such as the COVID-19 pandemic, Russia’s invasion of Ukraine, energy crises, inflation, and interest rate rises. European Commission President Ursula von der Leyen emphasized the importance of developing strategic industries within Europe and leveraging private capital to maximize the impact of the funding.

Euro banknotes

Climate Change: Urgent Call to Prioritize it as a National Security Concern

POster of our planet captioned "One World"

The link between climate change and geopolitical security is often overlooked, despite its severe and far-reaching consequences. The U.S. Department of Defense recognizes the significance of climate change in its focus areas, but outside the security community, it has not received enough attention. Policymakers, investors, and business leaders should prioritize climate change as a national security concern, demanding substantial investment and programmatic solutions. The Pentagon’s Climate Risk Analysis outlines the progression of climate-related impacts, such as droughts, wildfires, and storms, leading to secondary effects like crop loss, migration, and security crises. Water scarcity and flooding exacerbate the situation, destabilizing regions and causing political crises. Recognizing climate as central to national and global security requires integration into geopolitical security and economic development programs. Private-sector investment and government incentives are crucial for climate mitigation and resilience measures. Cooperation with regional and global allies is essential, including engagement with institutions like the World Bank and the Asian Infrastructure Investment Bank. Despite current tensions, climate cooperation with China presents an opportunity for better relations and addressing shared challenges. Strategic and long-term investment is needed to enhance global security and tackle climate and geopolitical risks effectively.

EU offers Ukraine 50 billion euros through 2027 | Reuters

The European Union has pledged to provide Ukraine with 50 billion euros ($54.58 billion) in aid for the period of 2024-2027. This announcement comes ahead of a conference in London aimed at securing short-term financing and funds to rebuild Ukraine after Russia’s war. Ukraine is seeking up to $40 billion for the initial phase of a “Green Marshall Plan” for reconstruction. The EU’s aid includes 17 billion euros in grants and the remaining amount in low-interest loans. The EU has granted Ukraine formal membership candidate status and is set to report progress on accession talks. The aid package reflects a review of the EU’s shared budget, which has been impacted by the COVID-19 pandemic, the war in Ukraine, and an energy crisis. Additional funds are being sought from EU member states, with a portion allocated for managing irregular immigration.ation.

Project for encoraging Ukraine during the war, made out of wooden.blocks

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