Russia Ukraine invasion with cyber warfare, malware deployed to denial of services to data wipeout from banking to government agencies. It provides real life demonstration of how important it is for the nation to possess cyber warfare capability, from both cyber offensive and cyber defensive. If you zoom out and look back, the digital Cold War began at a much earlier date, from all of Russia’s involvement, such as SolarWinds breach, interference with 2016 US presidential elections. With the recent economic sanctions on Russia, more will be expected to come as a result of the Ukraine invasion.
We saw the trigger of economic nuke with the sanction of Russia to access the global SWIFT banking system, we may expect it will be a dual edge sword, both ends will follow with even more action that result in the blood blending. First of all, countries that depend on Russia for gas energy export expect price rise, Russian companies that depend on access to the global banking system for fund transfer, since they make billions of revenues globally each year. Range of IT companies originating from Russia and now being multinational corporations, identified as victims of the digital Cold War, range from Kaspersky Lab, NGINX Inc, Parallels, Inc, Virtuozzo, Plesk, Odin, Acronis, Veeam. With the digital Cold War began, Russian and Eastern European developers where the US and Western Europe-based companies outsourcing a range of services may be potentially identified for a snowball effect whether to isolate them from the global IT ecosystem. What next we can expect is The Russian ecosystem mobile apps most likely will be removed from the global App Store from both Android and Apple iOS App Store. If the sanctions barrier is enforced and escalated,, we can imagine even the leisure gaming industry from Russia being banned globally.
It may be a crisis as well as opportunity, depending on what you can seize from the windows that now open. The price for the hidden portion of invasion and declaring war in the modern days, it may cost more than you expected. Maybe it is good for both parties to calm down for peace making negotiation table talk. While the world is at no end from COVID-19 pandemic yet, no one is expecting an invasion that will trigger another round of world war in the modern context.
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