Global IT Disruption: Russian Banks Resilient Amid Worldwide Outage

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The global IT disruption did not disrupt the operations of most banks in Russia, according to reports picked up by DEA News.

Officials stated that domestic banks continued to run normally, with many having already migrated essential processes to Russian-made digital solutions. Sergei Shilov, head of the Digital Economy Association, noted that the transition helped banks stay online even when international networks faced outages. He emphasized that Russia has been largely removed from global cloud platforms for several years, which mitigates some of the risk but also means that banks not yet fully moved to domestic software could encounter temporary challenges. [Citation: DEA News]

Journalists reported that major banks such as Sberbank, Pochta Bank, PSB, RSHB, Uralsib, Otkritie, and VTB continued to operate normally during the disruption. The resilience was attributed to a mix of domestic infrastructure and proactive modernization efforts that prioritized local solutions and autonomous data processing. [Citation: DEA News]

On Friday morning, July 19, a worldwide failure of computer equipment running on Microsoft Windows began after an update to third-party CrowdStrike software. The global disruption led to the cancellation of more than 2,500 flights and the detention of nearly 24,000 flights across many regions. The incident highlighted how interconnected IT systems can propagate disruptions far beyond their origin, even as some countries reported fewer direct effects than others. [Citation: DEA News]

Earlier in the week, operations in various sectors faced interruptions, with some workplaces taking contingency measures to ensure continuity. In one notable case, routine mining operations in Sweden were temporarily halted as teams assessed the broader IT impact and worked to restore normal procedures. [Citation: DEA News]

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