Fidelity National Financial, a Fortune 500 company, recently fell victim to a cybersecurity incident that impacted its systems. The company, which provides title insurance and settlement services for the mortgage and real estate industries, has launched an investigation and alerted law enforcement. The breach has caused disruptions to their business, affecting services related to title insurance, escrow, and mortgage transactions. The incident has left agents and homebuyers scrambling for solutions as the systems needed to complete their transactions won’t be available until Sunday.
In political news, an initiative known as Project 2025 aims to implement a conservative agenda by appointing loyalists to key positions in the federal government. The plan, based on a policy platform created by the Heritage Foundation, seeks to gain control over the Justice Department and create a right-wing regime. The initiative is well-organized and well-funded, posing a potential threat to American democracy.
Meanwhile, an explosion at the Rainbow Bridge border crossing in Niagara Falls led to the closure of all border crossings between the US and Canada in the area. The incident, initially suspected to be a terrorism incident, is now believed to be the result of a reckless driver. The driver, a 56-year-old man, drove his Bentley Excelsior X into the border checkpoint, causing his own death and that of his wife. The FBI is investigating the incident.
In financial news, Bitcoin is predicted to become a mainstream asset within the next four years, despite expected volatility. Advocates encourage investing in Bitcoin, citing its potential advantages over property. Meanwhile, macro expert George Gammon warns of another potential banking crisis in March 2024, despite regulatory intervention following the 2023 crisis. Gammon suggests that a collapse could be avoided if regulators take necessary measures, including the extension of the Bank Term Funding Program.
In energy news, PJM Interconnection, a power grid operator, warns that the planned closure of the Brandon Shores coal-fired power plant in Maryland will severely threaten electricity supplies. The closure, planned for June 2025, will disrupt the reliability of the region’s grid, impacting multiple states. PJM has requested that the plant remains in operation until transmission upgrades are completed.
A new report reveals that the wealthiest 1% of people in the world are responsible for as much carbon pollution as the poorest two-thirds. The report calls for a transition to renewable energy sources and proposes a 60% tax on the income of the world’s wealthiest 1% to reduce global emissions.
Finally, Albert Benavides, an expert on the Vaccine Adverse Event Reporting System (VAERS), discussed the deficiencies in the system that contribute to the underreporting of vaccine-related deaths and adverse events. Benavides identified over 30,000 reports related to COVID-19 vaccines that have been deleted, including 1,100 death reports. He emphasized the need for changes in the VAERS system and management.
This is a companion discussion topic for the original entry at https://peakprosperity.com/daily-digest/cybersecurity-crisis-conservative-regime-border-blast-bitcoin-boom/