Bank of England Partners With US for Cyberattack Simulation

Uploaded on 2015-11-09 in NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Services-Financial

Operation Resilient Shield has been in the works since David Cameron and Barack Obama announced plans for closer co-operation in January

The Bank of England, in partnership with some of the largest US banks, is set to simulate a major cyberattack in order to test the security protocols being employed by the finance industry.

The simulation has been dubbed “Operation Resilient Shield” and will provide a more robust examination of the sector’s defences than the recently implemented Waking Shark tests.

The transatlantic operation was announced by UK Prime Minister David Cameron back in January, after visiting President Barack Obama. It will be co-ordinated by the Computer Emergency Response Team (CERT) in both countries and will look to test communication between banks and governments.

Speaking at the time of the announcement, both the US and UK government reiterated the importance of international co-operation in order to deal with cyberthreats. It is hoped that Operation Resilient Shield will “strengthen threat information sharing and intelligence co-operation on cyber issues, and support new educational exchanges” between the two countries.
A number of high-profile cyberattacks have hit the headlines in recent weeks, serving as a reminder that the threat facing businesses and consumers is ever-present. Both TalkTalk and Vodafone have had to inform customers that their accounts have been compromised, with the former announcing that 21,000 unique bank account numbers and sort codes had been stolen.

More than most other industries, the financial sector must ensure that its security protocols are frequently tested and updated in order to counter the threat posed by cyber attackers. The sensitive information stored by banks and similar institutions means that even a minor security breach could have devastating consequences for businesses and individuals. As well as the threat posed by individuals hackers and collectives, state-led attacks by nations like China and Russia are also now viewed as a serious risk to the UK and US economies.
Ein News: http://bit.ly/1MRO9ze

 

 

« New UK Surveillance Bill Appears In The Wake of Snowden
Can EU Judges Keep NSA Spying in Check ? »

CyberSecurity Jobsite
Perimeter 81
Cyrin

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Go Cyber

Training that transforms behaviours

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

Alvacomm

Alvacomm

Alvacomm offers holistic VIP cybersecurity services, providing comprehensive protection against cyber threats. Our solutions include risk assessment, threat detection, incident response.

Jooble

Jooble

Jooble is a job search aggregator operating in 71 countries worldwide. We simplify the job search process by displaying active job ads from major job boards and career sites across the internet.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

XYPRO Technology

XYPRO Technology

XYPRO is the market leader in HPE Non-Stop Security, Risk Management and Compliance.

Frazer-Nash Consultancy

Frazer-Nash Consultancy

Frazer-Nash is a leading engineering, systems and technology company. Areas of expertise include information security and cyber security.

CIO

CIO

CIO provides technology and business leaders with insight and analysis on information technology trends

Centrify

Centrify

Centrify’s Next-Gen Access is an identity & access management solution that uniquely converges Identity-as-a-Service, enterprise mobility management and privileged access management.

CyberPolicy

CyberPolicy

CyberPolicy is a cyber protection solution for small businesses. It combines three important components against cyber threats - Cyber Plan, Cybersecurity and Cyber Insurance.

Reblaze Technologies

Reblaze Technologies

Reblaze provides the world’s best security technologies in a cloud-based website security platform.

CS Group

CS Group

CS Group offers a complete range of security solutions from consultancy to security maintenance and from secure infrastructure design to security governance.

Qufaro

Qufaro

Qufaro is a new initiative designed to make it simpler for those with career ambitions in cyber security to access the UK’s cyber-specific education and innovation opportunities.

Sandline Discovery

Sandline Discovery

Sandline Discovery provides digital forensics, eDiscovery solutions, managed review and litigation consulting services.

Codeproof Technologies

Codeproof Technologies

The Codeproof enterprise mobility solution empowers your business to secure, deploy and manage mobile applications and data on smartphones, tablets, IoT devices and more.

u-blox

u-blox

u-blox deliver leading wireless technology to reliably and securely locate and connect people and devices.

PurpleSynapz

PurpleSynapz

PurpleSynapz provides hyper-realistic Cyber Security Training with a modern curriculum and Cyber Range.

UnderDefense

UnderDefense

UnderDefense provides cyber resiliency consulting and technology-enabled services to anticipate, manage and defend against cyber threats.

Binare

Binare

Binare empowers companies all over the world to improve their IIot/IoT /Embedded cybersecurity posture and digital privacy.

Wavenet

Wavenet

Wavenet has grown from simple beginnings to become one of the UK’s market leaders in unified communications, business telephony, and Cyber Security solutions.

Fulcrum IT Partners

Fulcrum IT Partners

Fulcrum IT Partners is the parent company of an expanding portfolio of established IT solution companies around the world with proven expertise in cyber security, cloud, and managed services.

Astran

Astran

At Astran, we revolutionize data security by introducing a groundbreaking solution for data confidentiality headaches.