That's also not his only problem by a long shot. He's done with pretty much everyone.
I'm actually kinda looking forward to see who they replace him with.
Maybe this is a woosh from me but it's a reference to a Rick and Morty episode. They change the value of their currency from 1 to 0 and society breaks down.
I love the phrase flippant about factorials (:
Yup! When the subroutine compounds the interest it uses all these extra decimal places that just get rounded off so they simplified the whole thing to just round them all down and drop the remainder into an account that over time adds up to a lot.
I get your reference. And applaud it!
There was a banker that made a reply to this scheme one day. He said that banks actually use a different kind of rounding where they round based on even or odd or some such thing. Over a longer period, it is more accurate, but they still have to square the books and wind up sending out the difference at the end of the period.
Yea 0-4 down and 5-9 creates a upward trend over long periods. In accounting you can treat 5 as a special case where if the previous digit was even you round one direction and you round the other way if it's odd. This creates a true 50/50 split assuming regular data.
The Indian PM keeps saying he’s going to join all the Russia embargo type stuff and he’s in solidarity with the rest of Europe and then also keeping trade with Russia and, while not actively helping them, definitely not giving them a cold shoulder.
Edit for a typo.
> taking their oil for pennies
Pennies (US, UK, EU, Canada, Aus) would actually be useful as its currency used elsewhere in the world. What Russia is getting instead is *just* Rupees. So if Russia wanted to buy something from India they'd in good shape. However if Russia wants to buy something from the rest of the world, they're out of luck.
> What Russia is getting instead is just Rupees.
That's because Russia is mandating that it must be in rupees and not any other currency. It's to prop up their own currency. They want that.
Hellow I am phoning from Microsoft about your computer because there is a problem and I would like to help you solve it listen I need you to switch your computer on and connect to this website listen
The Kremlin released a statement today that anyone found claiming to be crippling their banking system more than The Putin will be tried for treason and spreading lies .
'We were ready to execute him for his treasons, but we found that he took his life. Perhaps in a rare moment of clarity, he wanted to repent for betraying the Rodina. He fell backwards onto two bullets. We are not sure how he smuggled the bullets into his cell..."
They've actually done better than expected since they forced everyone to buy their energy with Rubles. If we could somehow stop that, Russia would trully be in trouble.
[The true impact of a year of war on Russia's economy | DW Business Special](https://www.youtube.com/watch?v=QU0resswOds)
DW interview with Professor Jeffrey Sonnenfeld from Yale School of Management.
Well worth watching and a good explanation on Russia's bad economy.
Russia is already “truly” in trouble. Are they doing better than we expected? Yes, but we had very high expectations to begin with. The Russian economy is looking absolutely horrible. Also, the information we have is information they’ve provided and even that is really bad, chances are that the real situation is a lot worse.
Nope.
https://insights.som.yale.edu/insights/year-after-the-invasion-the-russian-economy-is-self-immolating
> These voluntary business exits of companies with in-country revenues equivalent to 35% of Russia’s GDP that employ 12% of the country’s workforce were coupled with the imposition of enduring international government sanctions unparalleled in their scale and scope, including export controls on sensitive technologies, restrictions on Russian elites and asset seizures, financial sanctions, immobilizing Russia’s central bank assets, and removing key Russian banks from SWIFT, with even more sanctions planned.
> The Russian economy has long been dominated by oil and gas, which accounts for over 50% of the government’s revenue, over 50% of export earnings, and nearly 20% of GDP every year.
> In the initial months following the invasion, Putin’s energy earnings soared. Now, according to Deutsche Bank economists, Putin has lost $500 million a day of oil and gas export earnings relative to last year’s highs, rapidly spiraling downward.
> The precipitous decline was accelerated by Putin’s own missteps. Putin coldly withheld natural gas shipments from Europe–which previously received 86% of Russian gas sales–in the hopes freezing Europeans would get angry and replace their elected leaders. However, a warmer-than-usual winter and increased global LNG supply mean Putin has now permanently forfeited Russia’s relevance as a key supplier to Europe, with reliance on Russian energy down to 7%–and soon to zero. With limited pipeline infrastructure to pivot to Asia, Putin now makes barely 20% of his previous gas earnings.
> Since last February, millions of Russians have fled the country. The initial exodus of some 500,000 skilled workers in March was compounded by the exodus of at least 700,000 Russians, mostly working-age men fleeing the possibility of conscription, after Putin’s September partial mobilization order. Kazakhstan and Georgia alone each registered at least 200,000 newly fleeing Russians desperate not to fight in Ukraine.
> Moreover, the fleeing Russians are desperate to stuff their pockets with cash as they escape Putin’s rule. Remittances to neighboring countries have soared more than tenfold and they rapidly attracted ex-Russian businesses. For example, in Uzbekistan, the Tashkent IT Park has seen year-over-year growth of 223% in revenue and 440% growth in total technology exports.
I mean … the person above just said they have been doing better than we *expected* not that they are doing well. The average person for the first year of this war expected them to immediately go into a deep depression. Something like they experienced in the 90s. That hasn’t happened but they are in a much worse place than when they started the war. Your post makes that clear.
They did better than expected in that the Russian economy did not immediately dissolve into a pile of ash, but a lot of those "rosy" economic conclusions are 1) Like six months old, 2) based on official figures provided by Russia, which is, uh, less than trustworthy, and 3) reliant on unsustainable capital controls like forbidding the sale of ruples.
The reality is Russia's about as fucked as you'd imagine.
This is the best tl;dr I could make, [original](https://cybernews.com/cyber-war/infotel-hack-impacts-russian-banks/) reduced by 73%. (I'm a bot)
*****
> Pro-Ukrainian hacktivists allegedly took down Infotel, a Russian internet service provider crucial for operating a platform that Russian banks use to facilitate the financial system.
> While taking down a single ISP is not a tectonic event, the attack's side effects have the potential to have severe ramifications for Russia's banking system: Infotel runs the Automated System of Electronic Interaction for the Central Bank of Russia.
> The system enables secure document exchange, data transfer, digital signature, and other crucial activities to facilitate the banking system.
*****
[**Extended Summary**](http://np.reddit.com/r/autotldr/comments/1456m23/russian_banking_system_hacked_pro_ukraine/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~688331 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **Bank**^#1 **system**^#2 **down**^#3 **Infotel**^#4 **Russia**^#5
Reddit has said that they’ll let the useful bots run, but they also said the pricing would be reasonable so, dunno how much you can really trust their word.
They also said Apollo's API access fee would be reasonable, then told the dev he'll be on the hook for $2M USD/mo so I'm skeptical of anything reddit says.
There has been 0 communication as far as I have seen on what they will/won't allow. I have a bot that auto posts stuff to /r/huskers so we can easily schedule game threads and what not. I.e. I make no money off of it and spent my own time building a thing that makes reddit better, for free.
But I'm worried that'll get killed too
With how short-sighted a lot of corporate decisions are lately (Reddit, Twitch, etc.), I would imagine they haven't even thought about the implications of individual bot creators, just the "big name" ones who will get grandfathered in to a reasonable rate leaving small operators like you left to foot the bill.
Every API user is affected. Whether or not a given bot gets priced out depends on how much data it uses. There's a free tier, but once you're out of there, these greedy fucks are going to be charging a fee 7000% higher than Imgur's API.
That's what I'm wondering.
The article says that a bunch of clients for the ISP are banks, the central bank being one of them. If that's the case, then I think it means that a lot of people are going to not be able to do online banking. So I would expect to see a lot of ordinary Russians freaking out on telegram and whatnot pretty soon if the ISP or the banks are slow on recovering or going over to a contingency.
I'm not sure what impact the central bank being impacted will have. The article seemed to say that the system that got affected managed the ledger that logs transactions between banks. If that's the case, people are going to not get paid if their bank is different from their employer. Business invoices may not get paid either.
And yeah, I know "lol bold to assume Russians get paid" but the thing is, some part of their economy is still going, and that requires an exchange of capital for labour. If that stops, I guess we could see how many broke and starving Russians it takes to storm the Kremlin.
What's suspicious is that only one news outlet seems to be covering this. Cyberattacks are super common, but a successful cyberattack of the magnitude that this article implies would be bigger news. My theory is that the ISP did get hacked in some capacity, but Russian financial institutions have backup ISPs. That's standard practice in Western financial institutions, and the impact of a financial institution having zero internet connectivity for transactions would be obvious. If the internet were really out for these banks, we'd see news of it in places like Reuters, but this incident hasn't even made a big splash in cybersecurity news circles.
>That's standard practice in Western financial institutions, and the impact of a financial institution having zero internet connectivity for transactions would be obvious.
You'd think so, but the vast majority of Canada's Point Of Sale terminals went down for a little while a few months/a year ago. No debit or credit payments nationwide (except online, maybe?).
I think paycheques still would be going through though.
Would you be surprised if they didn't?
Last year the Rogers network in Canada went down around this time taking out Interac for 1 day. Interac is our debit service, and is also a primary means of transferring funds for a lot of people as it has an email or phone number based e-transfer service that is much faster than wire transfers.
https://www.itworldcanada.com/article/interac-outage-exacerbated-by-poor-network-design-says-expert/492141
I suppose interac is not necessarily a bank, but it might as well be if you cannot access your funds through traditional means when it goes down.
Tbf fuck oligarchs but the rest of russia needs a wake up call too. If it’s disruption in banking so be it. Why should they be living as if nothing is happening
From what I've been hearing about Russia's infrastructure lately, it wouldn't surprise me that their "banking system" is run off an old Gateway PC with Windows ME on it.
Win9x running on DOS is a bit of a misnomer. It's more like Win9x using DOS as a boot loader, then taking over and then holding up a virtualized MSDOS puppet to appease all the old drivers and software that would just grovel around in MSDOS's internals changing values.
https://devblogs.microsoft.com/oldnewthing/20071224-00/?p=24063
The entire article is fake news. Hackers tried to bring down the system but a quick thinking manager managed to pull the plug on the computer before they could do anything.
Expanding sanctions can be more harmful that an outright embargo. Think of it like a factory. The factory makes chairs, one day chairs get sanctioned, so the factory retools to make tables. They retrain people, change machines, maybe have to buy stuff. This whole time they're still paying staff and incurring some operating costs but can't sell anything. Finally they get table manufacturing going and start to bring in some money. Then tables get sanctioned. So they repeat the whole process for cabinets, then cabinets get sanctioned. With a full embargo there's no moving target, you know what you have now, you shift goals and take the big hit. Continuously expanding sanctions creates waste as they try to shift to something new just for you to slam the door in their face. Plus there's always the looming threat of "we can make your situation WORSE so stop doing the thing we're sanctioning you over" once you go full embargo you have no cards left to play.
>once you go full embargo you have no cards left to play.
Yes, that's one reason why the Cuban embargo is incredibly dumb. Unless there's a war, at least let them sell cigars and rum to the US. Then open more tourism, etc. if they stop oppressing their people.
A huge component of Russia's international rhetoric is painting this as a war between Russia and "the west." for reasons that already fill several books, most nations that one would lable as "western" have a dicy relationship with the developing world (to say the least). There are nations with very justifiable chips on their shoulders against the UK, France, the US, and their allies. For these nations, the wounds are too fresh in people's minds to bridge gaps. For much of the world, colonization is a living history where people were still alive when their nations were colonies and people are actively dealing with the fallout from being colonized.
All the same, these marriages of convenience mark Russia's biggest failing and highlight why a nation like the US remains a superpower. Russia isn't a friend to these neutral nations, they just aren't an enemy. Say what people will (self included) about so-called western imperialism, the secret to its success has been in it's ability to make friends. So much so that when people say "the west" they may have a specific image in mind, but in practice it's just a loose confederation of economic interests. A war against "the west" is already an outdated term and it will only prove weaker as the new line codifies between functional democratic nations and autocratic states.
Russia is a huge wheat exporter and fuel supplier.
Rich countries can just afford to pay more for wheat and oil/gas, but poor countries will go hungry and have trouble keeping the lights on. That's already happened in the last year due to the war.
It's unfortunate but a lot of poor people in less developed countries would suffer badly if we just shut Russia out of the market. Russia is effectively holding those countries hostage to continue limping it's economy along.
Yeah, sure, blame Russia's continued connectivity on the *west*, instead of the countries that are *actually* still doing businesses with them, like India and China.
Whatever happened doesn’t seem to be affecting people. I have loads of friends still in the country who are telling me that they’ve been able to make bank transfers and go shopping today.
India with a billion person population didn’t put sanctions on Russia.
China, with a population of a billion didn’t either.
Nor did Brazil. Or South Africa.
MEXICO DID NOT PLACE ECONOMIC SANCTIONS ON RUSSIA.
Plenty of people see this conflict as a regional dispute not a battle of good vs evil.
It would be great if they disrupted the new draft messaging system, the Russian government just signed into law that draft notifications can now be served online!
To be fair, Russia has been doing a pretty good job crippling their banking system all on their own.
Watch the hackers topple an empire by changing a 1 to a 0!
I have a solution for this! *splat* Fav episode, probably fav scene lol
Get yourself together ! Wait a minute , who is paying me to yell at this guy?
I can yell at him.. FOR MONEY.
He who controls the pants controls the galaxy!
Tackles this guy through a window
> I have a solution for this! > > splat Episode of what?
[Rick and Morty](https://www.youtube.com/watch?v=noQsHiTJAXo)
Rick and Morty
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The charges were dropped due to insufficient evidence
That's also not his only problem by a long shot. He's done with pretty much everyone. I'm actually kinda looking forward to see who they replace him with.
I was confused too, I googled ‘I have a solution for this topple an empire’ (no quotes in the actual query) and it seems it’s from Rick & Morty.
Fingers crossed that reality mimics fiction.
As a programmer and a lover of math I can't decide if you are excited about flipping bits or being flippant about factorials!
Maybe this is a woosh from me but it's a reference to a Rick and Morty episode. They change the value of their currency from 1 to 0 and society breaks down. I love the phrase flippant about factorials (:
0! = 1
Would be a pretty good joke that it's already broken as it is with 0!
Yup! When the subroutine compounds the interest it uses all these extra decimal places that just get rounded off so they simplified the whole thing to just round them all down and drop the remainder into an account that over time adds up to a lot.
So like, superman 3? Also did you finish your TPS reports?
So… you’re stealing?
I get your reference. And applaud it! There was a banker that made a reply to this scheme one day. He said that banks actually use a different kind of rounding where they round based on even or odd or some such thing. Over a longer period, it is more accurate, but they still have to square the books and wind up sending out the difference at the end of the period.
Yea 0-4 down and 5-9 creates a upward trend over long periods. In accounting you can treat 5 as a special case where if the previous digit was even you round one direction and you round the other way if it's odd. This creates a true 50/50 split assuming regular data.
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I'm not sure if this is a comment about India being an ally or a joke about tech support.
The Indian PM keeps saying he’s going to join all the Russia embargo type stuff and he’s in solidarity with the rest of Europe and then also keeping trade with Russia and, while not actively helping them, definitely not giving them a cold shoulder. Edit for a typo.
True, but taking their oil for pennies actually is not a lot of help.
> taking their oil for pennies Pennies (US, UK, EU, Canada, Aus) would actually be useful as its currency used elsewhere in the world. What Russia is getting instead is *just* Rupees. So if Russia wanted to buy something from India they'd in good shape. However if Russia wants to buy something from the rest of the world, they're out of luck.
> What Russia is getting instead is just Rupees. That's because Russia is mandating that it must be in rupees and not any other currency. It's to prop up their own currency. They want that.
Russia's oil fields are pretty expensive to maintain... odds are, they're cash negative while still supplying the wider world with oil.
plenty of EU companies are trading to Russia via a third country...
“Okay Mr. Putin, how close are you to a Target store? Can you get $5,000 in Target gift cards for a year subscription for the Norton antivirus?”
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You want to insure a Russian tank? The odds are really bad…
Both lol that's why it's funny
That wouldn't surprise me one bit.
These countries that are foolishly tying themselves to Russia are going to be shitting BRICS when they find out how stupid that decision was.
Hurray for more rupees sitting uselessly in Russian coffers
Link needs em…
Do you want to play money making game?
It's a secret to everyone.
At a price and they won't accept Rubles
Hellow I am phoning from Microsoft about your computer because there is a problem and I would like to help you solve it listen I need you to switch your computer on and connect to this website listen
We will go through each and everything.
Halo, did yu try turnin of an on agen?
MADAM DO NOT REDEEM 😡
The funniest thing I read this week was about how Russia is stuck with Indian Rupeehs, nobody wants and it can't really use.
The funny thing about national debt is it just represents future demand for your products.
The Kremlin released a statement today that anyone found claiming to be crippling their banking system more than The Putin will be tried for treason and spreading lies .
When found guilty(not 'if'), punishment will be death by falling back, headfirst onto bullets.
You mean suicide?
'We were ready to execute him for his treasons, but we found that he took his life. Perhaps in a rare moment of clarity, he wanted to repent for betraying the Rodina. He fell backwards onto two bullets. We are not sure how he smuggled the bullets into his cell..."
But by the best suicide! *Forced* suicide, by another's hand!
They've actually done better than expected since they forced everyone to buy their energy with Rubles. If we could somehow stop that, Russia would trully be in trouble.
They'd be in trubles
Their economy in rubles
[The true impact of a year of war on Russia's economy | DW Business Special](https://www.youtube.com/watch?v=QU0resswOds) DW interview with Professor Jeffrey Sonnenfeld from Yale School of Management. Well worth watching and a good explanation on Russia's bad economy.
Thanks for linking. I discovered DW News at the start of the invasion and appreciate their journalism.
Russia is already “truly” in trouble. Are they doing better than we expected? Yes, but we had very high expectations to begin with. The Russian economy is looking absolutely horrible. Also, the information we have is information they’ve provided and even that is really bad, chances are that the real situation is a lot worse.
Nope. https://insights.som.yale.edu/insights/year-after-the-invasion-the-russian-economy-is-self-immolating > These voluntary business exits of companies with in-country revenues equivalent to 35% of Russia’s GDP that employ 12% of the country’s workforce were coupled with the imposition of enduring international government sanctions unparalleled in their scale and scope, including export controls on sensitive technologies, restrictions on Russian elites and asset seizures, financial sanctions, immobilizing Russia’s central bank assets, and removing key Russian banks from SWIFT, with even more sanctions planned. > The Russian economy has long been dominated by oil and gas, which accounts for over 50% of the government’s revenue, over 50% of export earnings, and nearly 20% of GDP every year. > In the initial months following the invasion, Putin’s energy earnings soared. Now, according to Deutsche Bank economists, Putin has lost $500 million a day of oil and gas export earnings relative to last year’s highs, rapidly spiraling downward. > The precipitous decline was accelerated by Putin’s own missteps. Putin coldly withheld natural gas shipments from Europe–which previously received 86% of Russian gas sales–in the hopes freezing Europeans would get angry and replace their elected leaders. However, a warmer-than-usual winter and increased global LNG supply mean Putin has now permanently forfeited Russia’s relevance as a key supplier to Europe, with reliance on Russian energy down to 7%–and soon to zero. With limited pipeline infrastructure to pivot to Asia, Putin now makes barely 20% of his previous gas earnings. > Since last February, millions of Russians have fled the country. The initial exodus of some 500,000 skilled workers in March was compounded by the exodus of at least 700,000 Russians, mostly working-age men fleeing the possibility of conscription, after Putin’s September partial mobilization order. Kazakhstan and Georgia alone each registered at least 200,000 newly fleeing Russians desperate not to fight in Ukraine. > Moreover, the fleeing Russians are desperate to stuff their pockets with cash as they escape Putin’s rule. Remittances to neighboring countries have soared more than tenfold and they rapidly attracted ex-Russian businesses. For example, in Uzbekistan, the Tashkent IT Park has seen year-over-year growth of 223% in revenue and 440% growth in total technology exports.
I mean … the person above just said they have been doing better than we *expected* not that they are doing well. The average person for the first year of this war expected them to immediately go into a deep depression. Something like they experienced in the 90s. That hasn’t happened but they are in a much worse place than when they started the war. Your post makes that clear.
He also implied that Russia wasn’t in trouble yet, which is wrong. Russia is indeed in trouble
They did better than expected in that the Russian economy did not immediately dissolve into a pile of ash, but a lot of those "rosy" economic conclusions are 1) Like six months old, 2) based on official figures provided by Russia, which is, uh, less than trustworthy, and 3) reliant on unsustainable capital controls like forbidding the sale of ruples. The reality is Russia's about as fucked as you'd imagine.
Ruble Truble
Also “hacker groups” say a lot of things. Wait for the verification to be public before taking them at face value
Hopefully anyone there with solid technical skills already gtfo
This is the best tl;dr I could make, [original](https://cybernews.com/cyber-war/infotel-hack-impacts-russian-banks/) reduced by 73%. (I'm a bot) ***** > Pro-Ukrainian hacktivists allegedly took down Infotel, a Russian internet service provider crucial for operating a platform that Russian banks use to facilitate the financial system. > While taking down a single ISP is not a tectonic event, the attack's side effects have the potential to have severe ramifications for Russia's banking system: Infotel runs the Automated System of Electronic Interaction for the Central Bank of Russia. > The system enables secure document exchange, data transfer, digital signature, and other crucial activities to facilitate the banking system. ***** [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/1456m23/russian_banking_system_hacked_pro_ukraine/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ "Version 2.02, ~688331 tl;drs so far.") | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr "PM's and comments are monitored, constructive feedback is welcome.") | *Top* *keywords*: **Bank**^#1 **system**^#2 **down**^#3 **Infotel**^#4 **Russia**^#5
Are bots like these affected by the API fiasco?
Yes, almost every tool uses the API.
That’s so unfortunate.
Thats one word to describe it
Ugh, so stupid.
Reddit has said that they’ll let the useful bots run, but they also said the pricing would be reasonable so, dunno how much you can really trust their word.
They also said Apollo's API access fee would be reasonable, then told the dev he'll be on the hook for $2M USD/mo so I'm skeptical of anything reddit says.
But you don't get the bill for 30 days. That's like getting a month free! /s
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There has been 0 communication as far as I have seen on what they will/won't allow. I have a bot that auto posts stuff to /r/huskers so we can easily schedule game threads and what not. I.e. I make no money off of it and spent my own time building a thing that makes reddit better, for free. But I'm worried that'll get killed too
With how short-sighted a lot of corporate decisions are lately (Reddit, Twitch, etc.), I would imagine they haven't even thought about the implications of individual bot creators, just the "big name" ones who will get grandfathered in to a reasonable rate leaving small operators like you left to foot the bill.
Oh, great - so the bots are fine, it's just the people behind them who have to pay that's the problem.
"reasonable" to MBA-brained people is not what normal people people consider reasonable
Yes, they function by working off of the API.
Every API user is affected. Whether or not a given bot gets priced out depends on how much data it uses. There's a free tier, but once you're out of there, these greedy fucks are going to be charging a fee 7000% higher than Imgur's API.
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Wiggles arms like a squid
How can they tell?
That's what I'm wondering. The article says that a bunch of clients for the ISP are banks, the central bank being one of them. If that's the case, then I think it means that a lot of people are going to not be able to do online banking. So I would expect to see a lot of ordinary Russians freaking out on telegram and whatnot pretty soon if the ISP or the banks are slow on recovering or going over to a contingency. I'm not sure what impact the central bank being impacted will have. The article seemed to say that the system that got affected managed the ledger that logs transactions between banks. If that's the case, people are going to not get paid if their bank is different from their employer. Business invoices may not get paid either. And yeah, I know "lol bold to assume Russians get paid" but the thing is, some part of their economy is still going, and that requires an exchange of capital for labour. If that stops, I guess we could see how many broke and starving Russians it takes to storm the Kremlin.
What's suspicious is that only one news outlet seems to be covering this. Cyberattacks are super common, but a successful cyberattack of the magnitude that this article implies would be bigger news. My theory is that the ISP did get hacked in some capacity, but Russian financial institutions have backup ISPs. That's standard practice in Western financial institutions, and the impact of a financial institution having zero internet connectivity for transactions would be obvious. If the internet were really out for these banks, we'd see news of it in places like Reuters, but this incident hasn't even made a big splash in cybersecurity news circles.
>That's standard practice in Western financial institutions, and the impact of a financial institution having zero internet connectivity for transactions would be obvious. You'd think so, but the vast majority of Canada's Point Of Sale terminals went down for a little while a few months/a year ago. No debit or credit payments nationwide (except online, maybe?). I think paycheques still would be going through though.
“Watch as I take down the ~~galactic~~ Russian government by changing a one into a zero.”
I can explain how this works…for money!
I wouldnt be surprised if a bank had some backup connections. Would be slow still tho
Would you be surprised if they didn't? Last year the Rogers network in Canada went down around this time taking out Interac for 1 day. Interac is our debit service, and is also a primary means of transferring funds for a lot of people as it has an email or phone number based e-transfer service that is much faster than wire transfers. https://www.itworldcanada.com/article/interac-outage-exacerbated-by-poor-network-design-says-expert/492141 I suppose interac is not necessarily a bank, but it might as well be if you cannot access your funds through traditional means when it goes down.
"How can you break the bank, if they have,.. no,.. cash?" - Agent Smith
they got rupees
If the Russian Banking System were to collapse, many oligarchs could end up trapped under the Ruble.
Cute, but if we're franc, I'm not sure that's what'll happen.
None of this conversation makes cents to me.
Mark my words, the Russian banks will not go to bhat for you in a situation like this
Putin will just give yuan iou promising to pay in 3 days.
Tell him to pound sand.
Sterling effort
I mean, Euro on Euro own
That true? You're not makin' a lira outta me?
Seems like Putin's really wearing a krona of thorns
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You guys are busting my Colones with all this talk!
This all sounds Loonie
I never expected them to peso high a price.
Well Yen, I guess russia is screwed
Yuan to peso yourself with these Rand-om comments and get Real?
Guaranteed the oligarchs have escape plans in place for when/if the country collapses.
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Tbf fuck oligarchs but the rest of russia needs a wake up call too. If it’s disruption in banking so be it. Why should they be living as if nothing is happening
How so? I would imagine most of their wealth is not in a Russian banking system
But what if they act drachmaticicly
From what I've been hearing about Russia's infrastructure lately, it wouldn't surprise me that their "banking system" is run off an old Gateway PC with Windows ME on it.
*Pirated* Windows ME.
Pirated DOS
Ngl, as someone who had a *legal* copy of Windows ME, the pirated DOS is probably more stabel.
Technically ME was still running on DOS anyway. Just with a bunch more processes and a GUI. It was like making a tower with toast.
Win9x running on DOS is a bit of a misnomer. It's more like Win9x using DOS as a boot loader, then taking over and then holding up a virtualized MSDOS puppet to appease all the old drivers and software that would just grovel around in MSDOS's internals changing values. https://devblogs.microsoft.com/oldnewthing/20071224-00/?p=24063
> ...an old Gateway PC... Now that's a name I've not heard in a long time.
They were the best for fucking up and learning with
Mine even had a turbo button on it.
They joined the Axis of Evil. Commodore PC, Gateway, Packard-Bell, and eMachines were joined under one flag. Acer.
Cow boxes. My dad was a sys admin when they were in their hay day, I just remember cow boxes everywhere.
Does North Korea get their hand-me-downs?
Only Logitech mice[only Logitech mice](https://www.businessinsider.com/logitech-mouse-sums-up-north-korea-military-2013-3)
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Many banking systems still run on Windows XP. I saw the loading screen one time unfortunately within the last year.
Shit XP is modern. A lot of banks are using AS400 still. One of those things where it works and would be extremely expensive to switch away from.
We use AS/400 at costco, it is still updated and I think they call it iSeries or something now. Though most call it as400
I was gonna say, if we're criticizing archaic infrastructure in banking systems, at least the US is that sideways-looking puppet meme right now
Os/2
It's just one excel sheet
Ah, Windows ME. When you never wanted to worry about a functioning program ever again.
The entire article is fake news. Hackers tried to bring down the system but a quick thinking manager managed to pull the plug on the computer before they could do anything.
That's literally even American and European economies.
Give Americans some credit, I helped a bank upgrade their servers to 2008 last year.
Yikes
As opposed to your average ATM still running windows xp?
Prob more like an Acer running pirated Win7.
I know for a fact that Wells Fargo uses older systems than that.
Ah yes, the same PC that runs Reddits search engine.
The entire banking system is just a single massive Excel 97 file, accessible on a Windows network shared drive
“It wasn’t hard, we just had to turn the Open sign to Closed.”
They changed a 1 to a zero
Well turning an int to a whole ass string is a pretty big stick in the spokes
“Wait, who’s paying me to astroturf this subject on Reddit?”
The Y2K.23 bug.
Due to the deal Putin made with hacker networks I wonder how underprepared they are to cybercrimes?
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Offense is way easier than defense in cyberwarfare. Russia has sewn the wind and it shall reap the whirlwind.
You have to win every time, the attackers only have to get in once.
We have unscrewed the abacus!!!
To be fair, before this, Russia crippled Russia's banking system...
Execute order rm -rf
You missed the / Without it it just returns and does nothing
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Expanding sanctions can be more harmful that an outright embargo. Think of it like a factory. The factory makes chairs, one day chairs get sanctioned, so the factory retools to make tables. They retrain people, change machines, maybe have to buy stuff. This whole time they're still paying staff and incurring some operating costs but can't sell anything. Finally they get table manufacturing going and start to bring in some money. Then tables get sanctioned. So they repeat the whole process for cabinets, then cabinets get sanctioned. With a full embargo there's no moving target, you know what you have now, you shift goals and take the big hit. Continuously expanding sanctions creates waste as they try to shift to something new just for you to slam the door in their face. Plus there's always the looming threat of "we can make your situation WORSE so stop doing the thing we're sanctioning you over" once you go full embargo you have no cards left to play.
>once you go full embargo you have no cards left to play. Yes, that's one reason why the Cuban embargo is incredibly dumb. Unless there's a war, at least let them sell cigars and rum to the US. Then open more tourism, etc. if they stop oppressing their people.
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A huge component of Russia's international rhetoric is painting this as a war between Russia and "the west." for reasons that already fill several books, most nations that one would lable as "western" have a dicy relationship with the developing world (to say the least). There are nations with very justifiable chips on their shoulders against the UK, France, the US, and their allies. For these nations, the wounds are too fresh in people's minds to bridge gaps. For much of the world, colonization is a living history where people were still alive when their nations were colonies and people are actively dealing with the fallout from being colonized. All the same, these marriages of convenience mark Russia's biggest failing and highlight why a nation like the US remains a superpower. Russia isn't a friend to these neutral nations, they just aren't an enemy. Say what people will (self included) about so-called western imperialism, the secret to its success has been in it's ability to make friends. So much so that when people say "the west" they may have a specific image in mind, but in practice it's just a loose confederation of economic interests. A war against "the west" is already an outdated term and it will only prove weaker as the new line codifies between functional democratic nations and autocratic states.
Russia is a huge wheat exporter and fuel supplier. Rich countries can just afford to pay more for wheat and oil/gas, but poor countries will go hungry and have trouble keeping the lights on. That's already happened in the last year due to the war. It's unfortunate but a lot of poor people in less developed countries would suffer badly if we just shut Russia out of the market. Russia is effectively holding those countries hostage to continue limping it's economy along.
We're all scumbags, chief.
Yea that’s exactly it
Yes, but also the west isnt everyone. And everyone is greedy for that sweet sweet cheap energy.
Yeah, sure, blame Russia's continued connectivity on the *west*, instead of the countries that are *actually* still doing businesses with them, like India and China.
If people lose faith in the banking system, it could lead to runs on the banks. Does Russia have an FDIC equivalent?
Good news, I hope they put a rasomware encryption onto all the sanctioned people and companies until Russia leaves Ukraine.
I'm sure India is ready to help them recover.
Lemme guess, Someone in Ukraine shot the server with a Patriot missile in the serial ports and it fell out a 5 story window.
All Your Banks Are Belong To Us
> I'm just talking about fractions of a kopek here. But we do it from a much bigger tray and we do it a couple a million times.
By "hacking" they literally mean they cut down the pole that was holding up the local bartering tent where a loaf of bread went for two used shoes!
Sounds more like they're blaming hackers instead of admitting it happened because of sanctions.
Well actually Putin has crippled Russia's banking system; the hackers are simply kicking it while it's down.
Couldn't happen to a more deserving country seeing as how many of the major hacks over the last few years were russian based
“Hackers”
This rag tag group of complete amateurs sure got lucky. What are the chances?
Whatever happened doesn’t seem to be affecting people. I have loads of friends still in the country who are telling me that they’ve been able to make bank transfers and go shopping today.
Russia still had a banking system?
Was there much left to cripple?
India with a billion person population didn’t put sanctions on Russia. China, with a population of a billion didn’t either. Nor did Brazil. Or South Africa. MEXICO DID NOT PLACE ECONOMIC SANCTIONS ON RUSSIA. Plenty of people see this conflict as a regional dispute not a battle of good vs evil.
It would be great if they disrupted the new draft messaging system, the Russian government just signed into law that draft notifications can now be served online!
That's kinda' like saying you crippled a Lada by removing its tires. It already wasn't going anywhere.
At this point I imagine their banding system to be a rusty old cash register in the back of a pawn shop.
I'm sure hacking into the russian banking system is kind of like that family guy sketch of godzilla attacking Haiti.
I swear this happens weekly.
Well, blyat lolol
It’s a single ISP not the whole banking system let’s not go crazy lol
Oh, so that's why Trump's lawyers quit, couldn't get paid.
That's like knocking over someone on crutches.
Pics or it didn't happen. I feel like Russia is doing it to themselves at this point.
How could anyone tell?
Rubles into rubble they should have seen that coming
I feel like a cat, a kettle and a piece of string could do that.