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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)


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 Conduct Authority.

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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