Alex Iftimie spoke to Compliance Week about the potential for Russia to retaliate against economic sanctions with a tool of war it has been honing for some time: state-sponsored cyberattacks.
“There’s a real concern about retaliatory cyberattacks by Russia or an attack aimed at Ukraine that spreads outside Ukraine,” Alex said, adding that there’s also a risk Russia, which has always maintained a “permissive environment” for cybercriminals, will simply stand back and allow these bad actors to launch attacks with impunity against Western governments and companies.
According to Alex, organizations should be on high alert for cyberattacks at the moment, which means empowering the security team, lowering the threshold for escalation regarding potential cyber incidents, testing response plans, and focusing on continuity of critical business functions. But at the same time, the same cybersecurity fundamentals still apply.
“The reality is that all these attacks rely on an ability to get into a network. So, the technical response to that threat shouldn’t be all that different from what a mature organization is doing on a normal day,” Alex said.
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