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Iran’s Internet Blackout Deepens As Cyber Conflict Escalates

Nationwide Internet Shutdown

Iran has experienced a nationwide internet shutdown lasting more than 48 hours. Internet monitoring group NetBlocks reported that national connectivity dropped to about 1% of normal levels at 2:35 a.m. ET on Monday.

Iranian authorities have previously imposed large-scale internet restrictions, including during periods of domestic unrest. Similar shutdowns have been used to limit communications and reduce the flow of information during politically sensitive moments.

Escalation In Cyber Operations

Reports indicate that the current disruption coincides with intensified cyber activity. A Reuters investigation said alleged U.S. and Israeli cyber operations targeted Iranian government-linked media websites and applications with large public reach, including the BadeSaba Calendar app, which has more than 5 million downloads. According to the report, the app was altered to display messages critical of Iran’s military posture. U.S. Cyber Command did not comment on the allegations.

The incident follows previous cyber intrusions, including a January breach of Iranian state television that briefly broadcast anti-government messages.

Implications For Regional Cyber Conflict

Security analysts say the shutdown may reflect both internal controls and external cyber pressure. Internet researcher Doug Madory suggested that remaining traffic could indicate a selective whitelisting system that preserves connectivity for approved entities.

Adam Meyers, Head of Counter Adversary Operations at CrowdStrike, said early-stage reconnaissance and denial-of-service activity linked to Iranian-aligned groups has already been observed. Such activity can precede broader campaigns targeting sectors including energy, finance, telecommunications, and healthcare.

The situation highlights how cyber operations are increasingly overlapping with geopolitical conflict, creating additional risks for governments and businesses operating in the region.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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