"Report: Wartime Hacktivism Is Spilling over into the Financial Services Industry"
According to a new report by the Financial Services Information Sharing and Analysis Center (FS-ISAC), Russia's war with Ukraine caused a rise in politically motivated hacktivism that continues to this day, significantly impacting the cyber threat landscape for financial services. FS-ISAC's annual global intelligence threat report revealed that the cyber threats faced by the financial industry have worsened because of the war, as both sides consist of hacktivist groups who have conducted Distributed Denial-of-Service (DDoS) attacks, website takeovers, and other activities, with many targeting financial institutions in countries whose governments are at odds with Moscow and Vladimir Putin. Many of these attacks are considered relatively low-impact. However, they still show how the Internet has helped turn today's geopolitical conflicts into an activity for hackers with strong political preferences worldwide. The report emphasized that financial organizations in countries that Russia considers hostile have been singled out for attacks and named as targets on Telegram and other hacktivist forums. Although the attacks have not yet caused significant damage, they should be noted for their potential to temporarily disrupt companies and governments, as well as draw media attention. This article continues to discuss wartime hacktivism impacting the financial services industry.