US banks warned of possible cyberattacks amid Russia-Ukraine tensions

February 9, 2022 – Published on SC Media

In the wake of widespread reports Wednesday that the European Central Bank (ECB) raised its threat level for cybercrime for banks in Europe, U.S. financial firms may soon be feeling the heat from increasingly more sophisticated nation-state hackers.

Initially citing unnamed sources in the financial industry, Reuters reported Feb. 9 that banks in Europe and the United States are being warned to brace for a potentially potent attack, most likely coming from Russia.

“I think it’s pretty obvious there’s a real concern here,” said Victor Wieczorek, director of threat and attack simulation at cybersecurity firm GuidePoint Security. While European and U.S. financial regulators and politicians do not want to “raise concerns unduly” causing fear-mongering and potentially further worsening tensions, he said that “this has been the culmination of many [events] — not just one red flag.”

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