There are many reasons why the ongoing cyber warfare involving Russia and Ukraine increases the risk of cyberattacks against your business, but, one of the simplest explanations comes from a recent joint FBI and Cybersecurity and Infrastructure Security Agency (CISA) Cybersecurity Advisory (Destructive Malware Targeting Organizations in Ukraine) that was published on February 26, 2022:
Further disruptive cyberattacks against organizations in Ukraine are likely to occur and may unintentionally spill over to organizations in other countries. Organizations should increase vigilance and evaluate their capabilities encompassing planning, preparation, detection, and response for such an event.
This is the collateral damage of cyber warfare where organizations that were not the intended targets of the attacks get hit by them anyway, and the consequences are just as destructive for them as the intended targets. Protect your business now by reviewing and implementing the Mitigations / Best Practices and Planning Stragegies section of the Advisory.