Experts Advise Stocking Up on Cash Due to Bank Attacks

Economists recommend that Russians urgently stock up on cash amid an increase in hacker attacks on banking data centers. Experts warn of the risks of losing access to funds and advise diversifying savings.

The main rule of security: do not keep all your money in one bank. This can lead to a complete block of account access due to a technical failure or cyberattack. It is impossible to predict when an incident might occur, so preventive measures are important.

Recommended strategy for distributing funds:

• Split amounts across different financial institutions to reduce risks
• Keep enough cash on hand for at least a month's living expenses
• Consider returning to the practice of accumulating cash, which was common in the 2000s