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United States and Britain to Conduct Financial Cyber-Security Test

U.S. and Britain plan to conduct a test later this month to assess how regulators for the world’s two biggest financial centers in New York and London would communicate in the event of a major cyberattack or broader IT problems, a spokesman for British government cybersecurity body CERT-UK said on Monday. “The CERT-UK spokesman said no final decision had been made on the exact scenarios for the exercise or the banks that would take part. The U.S. Treasury, Britain’s finance ministry, the Bank of England (BoE) and U.S. regulators would take part and intelligence agencies are also likely to play a role, he said.”

By CircleID Reporter

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