In late 2018, the world woke up to the news that Marriott had been a victim of an unprecedented cyber hack. The breach details were extensively reported by international media.
Earlier that same year and many months before the Marriot breach was disclosed, MLi Group, Survivability News parent company, had started to reach out to its clients and contacts to privately alert them that it had uncovered a grave new financial sector risk exposure.
The discovered new risk was not a cyber security or geopolitical vulnerability as many would have expected. It was actually worse – It was a grave and global systematic flaw in the investment, acquisition and lending protocols of banks, funds, M&As, and companies acquiring other companies, which the Marriot breach illustrated.
At that time, MLi Group did not disclose the nature of the flaw or how to mitigate it, nor will it do so now, nor ever in the future in a public manner. The consequences of such public disclosure on financial sector players would be dramatic if not catastrophic. Moreover, this would be contrary to its Corporate Social Responsibility (CSR) policy.
Suffice it to say that the MLi Group had discovered this systemic flaw a year before the Marriot breach whereby risk exposures and return on investment (ROI) calculations, as well as assessments and other measures used to conclude on decisions to lend, invest or acquire (or not) were and remain seriously flawed, inaccurate and incomplete.
These flaws in the models of financial decision making were putting not only the funds being invested at increased risk, but also the entire portfolios and the institutions behind them.
MLi Group has decided to make this responsible public statement now in order to enable financial institutions who want to find out more about this flaw and who wish to do something about it to be able to reach out and learn more confidentially and discreetly.
They now can discover what this flaw is, how it is compromising their financial performance, and with MLi Group’s help, identify and implement the ideal strategies and mechanisms to correct and mitigate it.
To contact MLi Group, click on the Submit Your Expression of Interest (EOI) button below to start the process of booking your private & confidential C-Suite or Board Briefing on this matter.