Russia plans state controls in case of internet crisis

Russia is making plans to ensure state control over the country’s internet traffic in a national emergency, Russian media report.

War or an Arab Spring-style uprising would class as such an emergency.

Plans for boosting cyber security are reported to be under discussion in Russia’s Security Council. They include a back-up in case Russia is cut off from the internet, Vedomosti news says.

Russia currently relies heavily on foreign hosting of websites. Continue reading

Risk of Bank Failures Is Rising in Europe, E.C.B. Warns

The European Central Bank warned on Wednesday that the euro zone’s slumping economy and a surge in problem loans were raising the risk of a renewed banking crisis, even as overall stress in the region’s financial markets had receded. Continue reading