As attacks on the United Kingdom’s financial institutions have become increasingly commonplace, the Bank of England has now developed a cyber-attack simulation to test the bank’s preparedness for an attack.
Banks across the UK will be exposed to a variety of cyber-attacks that are designed to spot vulnerabilities within their network, putting an enormous amount of pressure on these financial institutions’ CIO’s.
This operation titled, “Resilient Shield”, will be presented by the UK’s Computer Emergency Response Team, CERT-UK, the organization dedicated to managing major cyber security incidents throughout the UK.
This simulation will also include many United States banks and is set to reveal the communication between financial institutions and the governments.
With the UK being one of the world’s capitals for finance, it should come as no surprise that nearly 90 percent of large UK companies experienced a breach within the last year. Governor of the Bank of England, Mark Carney, even warned the finance industry earlier this year that cybercrime would be a major threat to the City’s financial stability.
While many financial institutions fear this issue it too big to fix, it’s important to take the right steps towards implementing best in class security solutions to help ward off any potential cyber-attacks. If organizations want to maintain security and minimize the likelihood of a financial fallout from these cyber-attacks, they need to realize the likelihood of stopping all breaches is unlikely, but a preventative approach can be the best way to stop them. NNT Change Tracker Gen7 provides organizations with Non-stop, continuous visibility of what’s going on in your IT environment, allowing an organization to at least spot unusual change that represent a breach in real time and take action before any damage is done.
Learn more about NNT’s Change Tracker Gen7
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