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Cyber war games dubbed 'Waking Shark II' begin for London's financial institutions
From: InfoSec News <alerts () infosecnews org>
Date: Fri, 15 Nov 2013 09:42:53 +0000 (UTC)
By JAMES VINCENT
12 November 2013
Banks and stock exchanges in London today will be testing their cyber
security with a series of "war games" co-ordinated by financial regulators
and government officials.
The operation, dubbed "Waking Shark II", will be one of the largest ever
conducted, with dozens of financial institutions taking part. The tests
will be overseen by the Bank of England, the Treasury and Financial
Bank staff will have to respond to a number of simulated cyber-attacks and
find solutions to various problems including how to ensure the
availability of cash from ATM machines and cope with a liquidity freeze in
the wholesale market.
A previous exercise named "Waking Shark" was conducted two years ago by
the Financial Services Authority whilst a pair of similar war games
("Quantum Dawn" and "Quantum Dawn 2") have been carried out on Wall Street
in the US.
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- Cyber war games dubbed 'Waking Shark II' begin for London's financial institutions InfoSec News (Nov 15)