Page 1 - Weekly highlights 6824

VEND. 9, SAM. 10 & DIM. 11 AOÛT 2024 - N°6824 NE PEUT ÊTRE VENDU SÉPARÉMENT DÉPÔT LÉGAL 100/1991 DIRECTEUR DE PUBLICATION KHALID BELYAZID

Le premier quotidien économique du Maroc

Corporate

insolvencies

Still too

high

Source: Inforisk

Mankind’s Renewable energies
Financial stability Cereals and pulses ancestor still

Climate risks Importers fill sleeps at Jbel Link between

come into play up in July Irhoud South and Center
accelerates

Editorial The Day After Mohamed Ali MRABI

A WAVE of panic swept the world on July 19. Microsoft’s worldwide undermine confidence in the sector, and disrupt other activities, by sabotaging
blackout caused enormous alarm. This episode reflects the growing or holding hostage (for ransom) strategic services such as the payment systems.
cyberdependence of today’s economic system. In the age of big-data, Against this backdrop, the central bank (Bank Al-Maghrib) has incorpora-
fintechs, and blockchain, computer bugs, but above all cyberattacks, represent ted cyber-risks into its assessment of the resilience and solidity of Morocco’s
a genuine systemic risk. financial sector. This procedure will enable us to assess on a regular basis the
Several reports had warned of the rise in cyber-attacks, particularly since the cyber-security situation and detect any systemic risks. This model needs to
pandemic period. With the acceleration of the digital transition, coupled with be duplicated in other areas. Because, beyond technical measures (antivirus,
the exacerbation of geopolitical tensions, enormous risks hang over the world’s firewalls, network segmentation...), it is essential to prepare for the day after.
economies, with systemic repercussions. Of course, the financial sector is one Everyone is convinced that cyber-attacks are inevitable and will become increa-
of the most exposed. The large volumes of sensitive data processed by financial singly frequent. The challenge is therefore to be able to curb their effects and
institutions make them a prime target. But the impact often extends to the entire develop capabilities for resilience and, above all, for business continuity in the
economy. Beyond the direct losses suffered by these institutions, cyber-attacks wake of an attack.o