Black_background_logo_BitcoinWorld-removebg-preview
Russia
Latest News

Retaliatory ransomware attacks from Russia is Anticpated by Banks in the United States

Following the adoption of strong sanctions on Russia for invading Ukraine, cyber experts and CEOs predict retaliatory ransomware attacks against major US banks.

The US and its allies attempted to prohibit some Russian banks from using the SWIFT international payment system and imposed limitations on the Russian central bank’s overseas holdings, escalating tensions between Russia and the West.

The SWIFT (Society for Worldwide Interbank Financial Telecommunication) network is a global financial network. Which, allows money to flow seamlessly and quickly across international borders.

Every day, SWIFT handles over 40 million messages, facilitating the transfer of trillions of dollars between corporations and governments.

The processing system, which is based in Belgium, connects 11,000 major lenders and financial institutions from over 200 countries.

More than 1% of those messages are thought to include funds from Russia.


Russia may be able to retaliate with ransomware attacks


Western governments have been warning for weeks that escalating tensions might lead to devastating ransomware attacks by Russia or its supporters.

The recent SWIFT ban, according to numerous executives, may have been the impetus.

Global banks are beefing up network monitoring, conducting hacking drills, deep-scanning their networks for threats. Then, and staffing up in case hostile activity surges, according to cyber security experts.

Lastly, They’re preparing for a number of threats, including Russian ransomware attacks.

Ransomware can prevent a user from accessing their device or files until the attacker gets a ransom payment. Of course, which is usually takes place in Bitcoin.

Related Posts – Ferrari joins the NFT universe through a collaboration with a Swiss…

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.