Sanctions evasion is a threat to all merchants and banks

Welcome to the Darknet Summary!

In the latest episode of the Darknet Summary, we return to the topic of the ongoing Russian-Ukrainian war - not to talk about the conflict itself, but rather the impact of international economic sanctions imposed on Russia since they began their full-scale invasion.

Preventing sanctions evasion is something merchants and banks must take more seriously

Preventing sanctions evasion is something merchants and banks must take more seriously

Sanctions have proven largely successful in denting the Russian economy and impacting its effectiveness in waging war. On the other hand, cybersecurity researchers at Recorded Futures highlight that ongoing sanctions evasion has allowed Russian cybercriminals and even regular citizens to bypass these measures by using the dark web and a few tricks. The result is that eCommerce merchants and banks are being fooled into aiding Russian sanctions evasion - something that could lead to them falling under secondary sanctions.

Nethone’s Intelligence Specialist Michał Barbaś helps explain how Russian sanctions evasion is being committed and how to prevent your businesses from suffering from both financial and legal fallout.