Russia’s Sovereign Internet Creates Security Risks With Implications for Cyber (Re)Insurance While War in Ukraine Develops

A sovereign Russian internet could lead to cyber criminal safe havens, greater confidence that large-scale attacks can be carried out without consequences, and intelligence blindspots, according to a new report published today by cyber risk analytics expert CyberCube.

The research “Ukraine Cyber War Update: Spotlight on activity six months later” examines the dramatic rise in the use of wiper malware by Russian threat actors. Unlike ransomware, it has no financial element but is designed to destroy data and systems. At the same time, Russia is focusing on deploying a completely independent, isolated, totalitarian internet network.

William Altman, CyberCube’s Principal Cyber Security Consultant, said: “A Russian sovereign internet has several potential implications for cyber activity. Rival nations will find it more difficult to acquire cyber threat intelligence on threat actors operating from inside Russia, and might resort to more drastic measures to achieve this goal, potentially causing collateral damage. Furthermore, there is a potential for future “collaboration” between Russian, North Korean and Chinese internets, which would increase threat actors’ ability to launch attacks.”

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Source:  AP News