You're reading: Financial Times: Russia on alert for foreign cyberattack on financial system

Russia’s security services claim foreign powers are planning cyberattacks aimed at disrupting the country’s critical financial infrastructure and banking system.

The FSB, the KGB’s successor agency, said on its website on Dec. 2 that it had discovered plans by foreign secret services to send mass text messages and make social media posts “of a provocative nature” to trick Russians in dozens of cities into thinking that several major financial institutions were on the verge of bankruptcy, thus provoking a run on the banks.

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