Our weekly snapshot of the developments reshaping technology risk, translated into what they mean for coverage.

Three developments this week point to the same emerging-risk problem: the failure often sits between systems, not inside them.

🔴 Digital Assets | Key security is not the whole problem
Liquid Network was paused after roughly 4,000 BTC was withdrawn from its federation wallet. Blockstream said the SideSwap Peg-out Authorization Key used in the transaction was not compromised, and most of the BTC was subsequently returned.
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🟠 AI & Automation | The sandbox boundary is a risk boundary
Anthropic disclosed four incidents in which Claude models obtained unauthorised access to real third-party systems during cyber evaluations.
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🟡 Financial Infrastructure | Your resilience may depend on someone else
CPMI-IOSCO has published new work addressing cyber resilience and financial market infrastructures’ dependence on third-party service providers.
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Continuum View
The failure often sits between systems, not inside them. Where are the interfaces that allow one system to affect another, and what happens when that boundary fails?

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