Vladimir Putin predicted that the nations that use artificial intelligence to advance technology will rule the world a few years ago. He was concerned at the time, but following Russia vs. Ukraine, everyone should be concerned. With the rise in cyberattacks, those fears are becoming a reality. Business executives are speculating about the possibility of Russian cyberattacks following Russia’s invasion of Ukraine. The U.S. Department of Justice sent a warning to corporate executives last week, advising them to strengthen their security measures as tensions between Russia and Ukraine rise. It’s a good idea to consider how to protect yourself from potential cyberattacks as this tension threatens to erupt into all-out conflict.
We all know that China and the United States are currently the two biggest players in the technological industry, but in the future, Russia may prove to be the newest.
Digital investments, effective tax transfer mechanisms, and quick business process innovation are three key elements that determine a technology leader. A nation that possesses these abilities will be the global technological leader and will rule the planet.
Every time there is a confrontation involving Russia, according to Ariel Parnes, COO and cofounder of Mitiga, “you should expect to see force used on the cyber domain as well because it causes confusion, a lack of trust, and fear.” He also cautioned that if the situation worsens, hackers might be used to prevent Ukraine’s allies from assisting them. If that happens, all the countries involved must bear that in mind.
What types of threats might firms anticipate?
According to Scott Kanry, CEO of Axio, cyberattacks on American businesses are unavoidable given the war between Russia and Ukraine. Kanry uses the recent “Colonial Pipeline attack” as an example of a cyberattack that wrecked havoc in the USA. In May 2021, a ransomware attack targeted the Colonial Pipeline, an oil pipeline in the United States. Digital systems in the pipeline were forced to go offline for several days as a result.
A gang called DarkSide managed to hijack the Colonial Pipeline. DarkSide is believed to be based in Eastern Europe or Russia, despite the fact that there is no connection to any particular country. The Russian authorities denied having any connection to DarkSide or the attack on the pipeline operator.
He also says that in the near future, other crucial infrastructure sectors are likely to experience increased attacks including phishing, DDoS, and the activation of persistent malware. Kanry argues that when discussing cybersecurity, we shouldn’t overlook institutions like schools, hospitals, and neighbourhood banks. These organisations hold the public’s highly private information and are essential to the smooth operation of our society. These organisations need to tighten their security measures since they have very lax security and are the most susceptible to assaults.
It’s also conceivable that the Russian Government has already stolen data from a number of organisations and is simply waiting for the proper moment to play its cards. To avoid any harm to their organization’s reputation or image, businesses must exercise extreme caution. Important data loss, DDoS assaults, extortion-ware, and threats to sell data are all possible outcomes of such attacks.
