Cybersecurity stocks are in the black for the past year after a jump Monday, as Russian President Vladimir Putin issues veiled threats against countries that aid Ukraine.
Global sanctions grow every day against Russia, well-known for its state-sponsored cyberwarfare capacity, as its troops occupy Ukraine. From the beginning, Putin has threatened those countries who try to “impede” Russia’s war with consequences “never seen in history.”
On Friday, noted cybersecurity expert and journalist Brian Krebs laid out all the ways Russia may resort to cyberwarfare in response to sanctions and how that conflict could escalate. Last year heralded a rise in cyberattacks that disrupted U.S. industries and infrastructure, where Russia is considered one of the leaders in state-sponsored attacks.
Read: Ransomware boom comes from gangs that operate like cloud-software unicorns — ‘a truly incredible business model’ “With the historical move by the U.S., Europe, and Canada to remove select Russia banks from the SWIFT global financial/messaging system and Russian central bank sanctions, we now expect unfortunately a significant ramp-up of cyberwarfare by Russian nation-state backed organizations over the coming weeks targeting various U.S./ Europe enterprises and government agencies,” Ives said in a note published Monday.
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