UK financial sector conducts cyber resilience exercise
- Published: Tuesday, 13 November 2018 10:07
On Friday 9th November 2018, the Bank of England, in partnership with industry and other UK financial authorities (HM Treasury and Financial Conduct Authority), hosted a one-day exercise designed to test the financial sector’s resilience to a major cyber incident impacting the UK.
The exercise aimed to help authorities and firms identify improvements to collective response arrangements, improving the resilience of the financial sector as a whole.
The exercise forms an important part of the sector wide biennial process that seeks to ensure that the financial sector is prepared for – and can respond effectively to – any major disruption stemming from a cyber incident, protecting the financial system on which the public relies.