Skip to main content

Share story

Policy Infrastructure Security

Russian VPN crackdown triggers widespread banking system outage

Russian VPN crackdown triggers widespread banking system outage Image: Techmeme
Attempts to restrict virtual private network usage in Russia caused a major banking outage across the country, according to Russian media reports and Telegram founder Pavel Durov. The disruption occurred as Moscow intensifies internet censorship efforts ahead of anticipated political developments, with authorities targeting VPNs that citizens use to circumvent blocked websites and services. The incident illustrates the technical fragility of financial infrastructure when integrated with national internet control systems, as filtering mechanisms intended to block circumvention tools inadvertently disrupted legitimate banking traffic. Russian regulators have increasingly pressured VPN services to comply with state blocking requirements, with many providers withdrawing from the market. The outage may prompt reassessment of how aggressively authorities pursue internet restrictions given economic stability concerns.
Sources
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg, Techmeme and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital
Capital

Pandektes raises €13.5M to expand legal research platform

Copenhagen-based legal research startup Pandektes has raised €13.5M in a Series A led by Alstin Capital, The Next Web reported. PROfounders, Scale Capital and existing investors also participated. The company has more than 500 cus...

Products
Products

Pinnacle acquires Qmulus Solutions' Sage customer base

Pinnacle has acquired the Sage customer base of Evesham-based Qmulus Solutions, transferring more than 100 customers to the technology solutions provider. The deal covers customers using Sage 200, Sage Intacct and Sage CRM. Custo...

Infrastructure
Infrastructure

VSMC opens Singapore wafer fab and enters risk production

VisionPower Semiconductor Manufacturing Company has opened its first 300mm wafer fab in Tampines, Singapore, and entered risk production, an initial manufacturing phase ahead of commercial volume output. The joint venture between ...

Capital
Capital

IRACE Digital Bank acquires blockchain startup Trrue

IRACE Digital Bank, formerly Fundbank, has acquired Irish blockchain startup Trrue in a transaction valued at $11.8 million, CoinTrust reports. Dealroom reported a different value of $11.2 million. The acquisition brings Trrue's ...