From The New York Times:

If Mr. Putin wants to strike at the American financial system, as Mr. Biden has struck at his, he has only one significant pathway in: his well-trained army of hackers, and an adjacent group of criminal ransomware operators, some of whom have publicly pledged to help him in his battle.

Tatyana Bolton, the policy director for cybersecurity and emerging threats at the R Street Institute, expressed confidence on Thursday that the financial industry was ready.

“The J.P. Morgans of the world spend more on cybersecurity than many government agencies,’’ said Ms. Bolton, a former senior official in the Department of Homeland Security whose family immigrated from Russia.

But she was concerned about the possibility that Mr. Putin would finally activate “pre-positioned malware in the energy sector, as a means of getting back at the United States.”

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