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Russia weighs pros and cons of using crypto to evade Western sanctions

March 1, 2022

As Western powers began cutting off its access to the SWIFT interbank payment system, Russia could turn to cryptocurrency to bypass sanctions. This Monday Sergey Glazyev, a former Russian minister and advisor to President Putin, made this suggestion in an interview to Russian TV channel RBC.  Cryptocurrencies can become an alternative for settlements with Western countries, allowing Russia to continue …

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Ukraine takes resistance to cyberspace, assembles “IT army” to hack Russian sites

March 2, 2022

 While the G7 (today with the addition of Japan) mobilize to shut down Russia’s access to the Swift banking system, the country has been running campaign corralling developers to join an “IT army” tasked with specific cyber challenges. It’s also making specific calls to technology leaders to do their part. The “IT Army of Ukraine“, announced yesterday and already …

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Cybersecurity investment rises amid Russian invasion of Ukraine

February 25, 2022

The Russian invasion of Ukraine not only threatens to upend the world geopolitical order, it’s also affecting several different business sectors, notably cybersecurity. For days before and even during the invasion, several Ukrainian government and financial sites experienced hacks and disruptions. There have been reports that the FBI has also asked U.S. businesses to be on the watch …

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With 24 million deliveries in 2021, SberMarket asserts leadership in Russian e-grocery

February 25, 2022

SberMarket, a delivery service owned by Sber, the state-controlled financial and digital giant, claims to have tripled its turnover in 2021 to 58.6 billion in 2021 ($800 million at the average exchange rate of the year, including VAT and excluding promotions). The number of delivered orders quadrupled to 24 million in the course of the …

With 24 million deliveries in 2021, SberMarket asserts leadership in Russian e-grocery Read More

Anonymous declare “cyber war” against Russia

February 25, 2022

Hacker collective ‘Anonymous’ has declared a “cyber war” against Russia, claiming to have disabled several Russian government websites and that of RT. Social media accounts claiming to represent the group announced on Thursday evening that they were “officially in cyber war against the Russian government,” and had taken down dozens of websites in response to the country’s military action …

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“A hurricane of discouragement:” Putin’s war on Ukraine is already impacting the Russian tech sector

February 27, 2022

Will Russia take control of Ukraine after a quick military victory? Will it be a long-lasting war of guerrilla? Could an escalation involve neighboring countries and western powers? The outcome of the Russian military attack on Ukraine that began on Thursday, Feb. 24, is unpredictable. But just hours after the invasion, the impact on the …

“A hurricane of discouragement:” Putin’s war on Ukraine is already impacting the Russian tech sector Read More

From semiconductors to payments: How the world could use tech sanctions against Russia

February 25, 2022

As Russia launches an unprecedented invasion of Ukraine, world leaders are considering what sanctions they could impose to stop President Vladimir Putin in his tracks. These could include cutting off Russia’s access to key technologies such as semiconductors and even the payments service SWIFT, which powers most of the world’s international money transfers. All of this could have potentially have devastating …

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Russia is using an onslaught of cyber attacks to undermine Ukraine’s defense capabilities

February 25, 2022

As Ukrainian cities come under air attack from Russian forces, the country has also suffered the latest blows in an ongoing campaign of cyber attacks. Several of Ukraine’s bank and government department websites crashed on Wednesday, the BBC reports.  The incident follows a similar attack just over a week ago, in which some 70 Ukrainian government websites crashed. Ukraine and …

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Russian-founded gaming giant Playrix continues investment spree

February 22, 2022

Playrix, a global Russian-founded mobile gaming giant, acquired a minority stake in AppQuantum, a Cyprus-based, Russian founded mobile gaming developer and publisher. The deal took place in late 2021 but was announced only in early February.  Launched in 2017 by Evgeny Maurus, AppQuantum is behind such titles as Dragon Champions, Evil Clicker and Gold & Goblins. While claiming “dominant positions” in clicker and …

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Russian e-scooter leader Urent secures $26 million from corporate and venture investors

February 22, 2022

Urent, Russia’s largest electric scooter rental operator, has raised 2.09 billion rubles (around $26 million, a considerable amount by local standards) in a round led by MTS. The mobile operator contributed 740 million rubles alongside private asset manager VPE Capital and state-owned fund VEB Ventures, which injected 700 and 650 million rubles, respectively, into the startup. The terms of …

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White House: US unlikely to kick Russia off SWIFT

February 22, 2022

The US said Friday it will “probably not” try to kick Russia out of the SWIFT financial messaging system should Moscow invade Ukraine. Washington has threatened to levy “severe” sanctions on Moscow in the event it attacks Ukraine, promising a package of measures that could “devastate” the Russian economy. “All options remain on the table. …

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