Cybersecurity in Wartime: Protecting Financial Infrastructure During Geopolitical Conflict
The Russian invasion of Ukraine on February 24, 2022, was the first major conflict with significant cyber dimensions. Ukrainian banks, government agencies, and critical infrastructure were targeted with DDoS attacks and destructive malware before and during the invasion. Financial services firms worldwide were put on high alert. Geopolitical conflict creates unique cybersecurity challenges for financial services: increased threat activity, state-sponsored attackers targeting financial infrastructure, and the risk of collateral damage from cyber weapons. Financial institutions must prepare for these threats before conflict begins, not during. ...