Good morning. Cybersecurity threats—now increasingly supercharged by artificial intelligence—will remain a leading risk factor for businesses in 2026, corporate insiders told Risk Journal’s Richard Vanderford.

• Cyber tops the list: Large and small organizations point to cybersecurity issues as a top challenge, particularly as they adopt—and in some cases find themselves targeted—by AI, surveys show.
   
• C-suite concerns: Risk professionals ranked cybersecurity as the number one risk for 2026, in a recently released survey of more than 1,500 C-suite executives and board members conducted by consulting firm Protiviti. Concerns about ransomware, supply chain-linked cyberattacks and data breaches increasingly have become a C-suite and board-level issue, Protiviti said.
   
• More questions: “You have executives seeing what’s happening with their peers in terms of some of these hyper threats: the rise of ransomware, supply-chain attacks and other breaches, and understanding what their resiliency position is,” said Sameer Ansari, a managing director at Protiviti. “That’s causing them to look internally in terms of, ‘How exposed will we be, what kind of issues will we face?’”
   
• Worries about geopolitics, cyber: A separate survey of Fortune 500 C-suite and other executives, conducted by risk and claims management company Sedgwick, found about half of respondents ranked cyber threats as a top global risk—just under the number who ranked geopolitical instability as a top risk.

U.S. companies score wins in global tax deal.

The Trump administration won international tax-policy concessions sought by Republicans and companies, reshaping the Biden-era global corporate minimum-tax deal without abandoning it.

The U.S. had threatened to blow up the agreement last year, warning that it interfered with the nation’s prerogative to set its own tax policy. That prompted other countries to seek a path that would accommodate concerns from President Trump and congressional Republicans. The U.S. paused those threats in late June and the administration stayed at the negotiating table for the rest of 2025 to reach the consensus announced Monday by the Organization for Economic Cooperation and Development.

The updated agreement achieves two main U.S. aims. First, it prevents other countries from imposing taxes on American companies based on the idea that U.S. companies pay too little tax on their U.S. operations. Second, it makes minimum-tax math more favorable to the U.S. research-and-development tax credit and similar incentives elsewhere.

• The China Securities Regulatory Commission, in a meeting with various Chinese agencies and regulators, said it was looking to further strengthen laws to combat fraud in financial markets, Risk Journal reports. 
   
• China’s Ministry of Commerce has sharply criticized the European Union’s Carbon Border Adjustment Mechanism, Risk Journal reports, accusing Brussels of imposing unfair and discriminatory rules on Chinese exports and vowing to take steps to protect the country’s development interests.

An emboldened Trump looks beyond Venezuela.

After overseeing a brazen operation to oust Venezuela’s Nicolás Maduro, President Trump is turning his attention to other countries over which he wants the U.S. to exert more control.

In the days since Maduro’s capture, Trump has renewed threats against Colombia, criticized Mexico’s leadership, predicted Cuba’s government would fall and reiterated his desire to take over Greenland.

Trump has privately told aides that he is thrilled with the outcome of the Venezuela operation, according to a senior administration official.

See also:
Venezuela’s Men With Guns Remain the Ultimate Power After Maduro’s Ouster

• Hilton was thrust into the spotlight Monday after the Department of Homeland Security publicly alleged the hotel chain had launched a “coordinated campaign” to refuse service to Immigration and Customs Enforcement officers and other agents at its hotels in Minneapolis.
   
• The highest tariffs in almost a century haven’t caused the massive surge in inflation many economists feared. But that shouldn’t have come as a surprise, according to two new studies.
   
• President Trump warned Sunday that the U.S. could quickly impose additional tariffs on India if New Delhi does not reduce purchases of Russian oil, Risk Journal reports.

• The U.S. is dropping universal recommendations for certain childhood vaccines, the Trump administration said Monday, in a dramatic overhaul of the immunization schedule that recommends fewer shots and marks a major policy shift under Health and Human Services Secretary Robert F. Kennedy Jr.
   
• Ousted Venezuelan President Nicolás Maduro pleaded not guilty to narcotrafficking charges during his arraignment in U.S. federal court Monday, defiantly telling a judge that he was still the head of his nation despite being whisked away by U.S. forces over the weekend.
   
• The Corporation for Public Broadcasting said it is dissolving the 58-year-old nonprofit umbrella organization that oversaw government funding for the Public Broadcasting Service and National Public Radio.
   
• U.S. Immigration and Customs Enforcement is sending immigration officers and agents to Minnesota amid a growing welfare-fraud scandal that is rocking national and state politics. Minnesota Gov. Tim Walz dropped his bid for a third term amid the scandal. 

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