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02/28/2022

U.S. banks prepare for cyber attacks after latest Russia sanctions

Investing.com

WASHINGTON (Reuters) - U.S. banks are preparing for retaliatory cyber attacks after Western nations slapped a raft of stringent sanctions on Russia for invading Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, cyber experts and executives said.

Tensions between Russia and the West escalated on Saturday as the United States and its allies moved to block https://www.reuters.com/world/europe/eu-announces-new-russia-sanctions-with-us-others-including-swift-2022-02-26 some Russian banks from the SWIFT international payment system https://www.reuters.com/markets/europe/swift-block-deals-crippling-blow-russia-leaves-room-tighten-2022-02-27 and placed curbs on the Russian central bank's international reserves.

Western governments have warned for weeks that the tensions could spark massive cyber attacks from Russia or its supporters. Some executives said the latest measures may be the trigger.

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