The threat of cyber attack from Russia

Ukraine is far away from the US, the threat of cyber attack from Russia is not. The US government has asked Americans to look out for Russia hacking efforts (Links to an external site.). Do you think the threat is real? How should individuals and organizations prepare for this kind of malicious attacks?
How common is cyberattacks in your industry? Do you think your organization is well prepared for actual or potential IT security issues? Discuss what practice works and what not.