Cybersecurity Alerts Raise The Stakes For Preparedness, Monitoring, And Communication

As widely reported over the last few weeks, following Russia's invasion of Ukraine, European leaders are applying a number of sanctions, including the disruption of Russia's economic capabilities through the removal of some of the nation's largest lenders from the SWIFT payment infrastructure.

There is little doubt that work is already under way to mitigate the impact of this particular sanction, which forms part of a package of other restrictions placed upon Russian financial institutions and high-profile individuals. However, the move has an extremely high risk of inciting cyber retaliation from Russia, and the Western world should be on high alert in expectation of an escalation of cyber attacks.