Russian Central Bank Preparing for SWIFT ‘Nuclear Option’

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(Photo Credit: Ludvig12 via Creative Commons 4.0)

 

Smaller banks have been encouraged to establish secondary arrangements for processing bank card transactions.

Preparing for new U.S. sanctions “early next year” that will likely target Russia’s access to the SWIFT international banking system—something that was just described as a “nuclear option” against Moscow just earlier this week—the Bank of Russia has urged the country’s smaller banks to prepare for a “worst-case scenario.” Continue reading

Global terror suspect database leaked onto Internet

British cyber researcher Chris Vickery discovered that his database with details on those suspected of terrorism, money laundering and organized crime had been hacked and published on the Internet, the BBC said on Wednesday. Continue reading

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