Risky Bulletin Newsletter
June 26, 2023
Risky Biz News: EU sanctions Russian cybersecurity firms
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News Editor
The European Union has issued its 11th package of sanctions against Russia for its invasion of Ukraine. Issued last Friday, the sanctions list was expanded with 71 individuals and 33 entities, including five Russian cybersecurity and IT companies such as Positive Technologies, NTC Vulcan, Echelon, Iteranet, and Poisk-IT.
EU officials say the companies provide IT services to support the activity of Russian intelligence services, such as developing hacking tools and data collection and analysis.
The biggest name on the list is Positive Technologies, one of Russia's largest cybersecurity companies. This is the second time the company has been sanctioned. It was also sanctioned by the US Treasury in April 2021 for providing hacking tools to the FSB and using its security conference as an FSB and GRU recruiting hub.