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Cyber-warfare and cyber-crime are relatively new risks for investors. Potential consequences of large-scale attacks include blackouts and financial chaos. Investors need to assess the possible risks for investments and political stability.

Chapter 7: Data—The Oil of the 21st Century

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Chapter 7 of Geo-Economics: The Interplay between Geopolitics, Economics, and Investments focuses on globally connected economies, the economic damage caused by successful cyber attacks, and the potential impact of a large-scale cyber attack. Could a successful cyber attack cause a prolonged blackout of a major city or even trigger another financial crisis? If so, how bad would it be? These are the questions addressed in this chapter.

About the Author

Joachim Klement
Joachim Klement CFP, CFA

Joachim Klement is a strategist at Liberum. He has more than 20 years of experience in the financial markets and has spent most of his career working with wealthy individuals and family offices, providing advice on investments and helping manage portfolios. Mr. Klement studied mathematics and physics at the Swiss Federal Institute of Technology in Zurich (ETH Zurich) and earned a master’s degree in mathematics. He later studied business administration at the University of Zurich and the University of Hagen and earned a master’s degree in economics and finance.