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June 7, 2026
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12 minute read

Operation Epic Fury. Volt Typhoon. BRICS Settlement Rails. Your Portfolio's Cyber Risk Just Became a Geopolitical Position.

The convergence of Operation Epic Fury, Volt Typhoon's pre-positioned access inside US infrastructure, and BRICS de-dollarization is not a geopolitics story. It is a portfolio risk story. Ray Dalio calls this Stage 6 of the Big Cycle — the restructuring phase, where debt-laden empires compete through proxies and economic warfare rather than direct confrontation. Paul Kennedy called the underlying dynamic "imperial overstretch." Jared Diamond would note the resource pressure and institutional fragility. Thomas Friedman would observe that the world is no longer flat. For PE deal teams and portfolio operators, the relevant question is not who wins the geopolitical contest. It is which of your portcos are inside the blast radius of a conflict none of them signed up for.

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May 5, 2026
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10 minute read

Scattered Spider Plea: The Playbook Is Now Commoditized

Scattered Spider operative 'TylerB' pleaded guilty. The real threat isn't the arrest — it's that the social engineering playbook is now commoditized.

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May 5, 2026
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10 minute read

Microsoft Edge Stored Every Password in Cleartext

Microsoft Edge has been storing saved passwords in cleartext on disk. Any process with disk access can read them. What it means for enterprise password hygiene.