Thursday , April 24 2025
Andrey Kastin, CEO of Russia's second largest bank VTB

Swift must be killed: Russia’s top banker

A leading banker has called on Moscow to completely shun SWIFT, the financial messaging system widely used for international transactions. Andrey Kastin, CEO of Russia’s second largest bank VTB, called for this.

Kastin has been demanding the use of local currencies instead of dollars in trade with Russia’s allies for some time. He was addressing an international banking forum in Sochi, Russia yesterday (Friday, 29 September).

SonicWall patched SSLVPN Vuln Allowing Firewall Crashing

SonicWall has revealed a vulnerability in its SonicOS SSLVPN Virtual Office interface that could let remote attackers crash firewall appliances....
Read More
SonicWall patched SSLVPN Vuln Allowing Firewall Crashing

GitLab Releases Security Update For Multiple Vulns

GitLab has announced a security advisory urging users to upgrade their self-managed installations right away. Versions 17.11.1, 17.10.5, and 17.9.7...
Read More
GitLab Releases Security Update For Multiple Vulns

ISPAB president “whatsapp” got hacked via phishing link

Imdadul Haque, the president of Internet Service Provider of Bangladesh (ISPAB) said, I automatically got back my WhatsApp account. What...
Read More
ISPAB president “whatsapp” got hacked via phishing link

Zyxel released patches 2 vulns in its USG FLEX H series firewalls

Zyxel Networks has issued critical security patches for two high-severity vulnerabilities in its USG FLEX H series firewalls. These flaws...
Read More
Zyxel released patches 2 vulns in its USG FLEX H series firewalls

South Korea’s largest SK Telecom Hit by Malware: SIM-related info leaked

South Korea's largest mobile operator, SK Telecom, is warning that a malware infection allowed threat actors to access sensitive USIM-related...
Read More
South Korea’s largest SK Telecom Hit by Malware: SIM-related info leaked

ChatGPT Develops Exploit for CVEs Before Public PoCs Share

Security researcher Matt Keeley showed that artificial intelligence can now develop working exploits for critical vulnerabilities before public proof-of-concept (PoC)...
Read More
ChatGPT Develops Exploit for CVEs Before Public PoCs Share

TP-Link Router Vulns Allow to Execute Malicious SQL Commands

Several vulnerabilities have been found in TP-Link routers, exposing users to serious security risks from SQL injection flaws in their...
Read More
TP-Link Router Vulns Allow to Execute Malicious SQL Commands

SSL.com’s domain validation system’s bug found: Hacker exploited

SSL.com has revealed a major security flaw in its domain validation system, which could enable attackers to acquire fake SSL...
Read More
SSL.com’s domain validation system’s bug found: Hacker exploited

Amazon Follows Microsoft’s Lead, Halts Some Data Center Deals

Amazon has paused some data center lease negotiations for its cloud division, particularly in international markets, according to Wells Fargo...
Read More
Amazon Follows Microsoft’s Lead, Halts Some Data Center Deals

Hackers Exploit Zoom’s Remote Control Feature for System Access

ELUSIVE COMET is a threat actor conducting a sophisticated attack campaign that uses Zoom's remote control feature to access victims'...
Read More
Hackers Exploit Zoom’s Remote Control Feature for System Access

ALSO READ:

FBI, CISA, NSA warn of Chinese hackers backdooring Cisco routers

Kastin said: “We need to kill Swift in our transaction system. The matter is very simple. But for that, Russia and its allies need to take concrete steps.”

This leading Russian banker said that most of the transactions with China, Indonesia and India as well as Arab and African countries have been done in ruble.

According to Kastin, more and more countries will gradually join the process. He said, these countries will understand that they can be the next target of using dollar and euro as political tools of the West.

After Russia launched a military operation in Ukraine in February 2022, the US and European countries imposed tough sanctions against Moscow. These countries unanimously decided to expel Russia from SWIFT.

In response, Moscow made it mandatory for all countries to use the Russian currency, the ruble, to do business with it.

 

Check Also

Airport

Cyberattack on Malaysian airports: PM rejected $10 million ransom

Operations at Kuala Lumpur International Airport (KLIA) were unaffected by a cyber attack in which …

Leave a Reply

Your email address will not be published. Required fields are marked *