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10 countries simulate cyber attack on global financial system

Posted on December 10, 2021 by Dissent

Steven Scheer of Reuters reports:

Israel on Thursday led a 10-country simulation of a major cyber attack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.

The simulated cyber attack evolved over 10 days, with sensitive data emerging on the Dark Web along with fake news reports that ultimately caused chaos in global markets and a run on banks.

Rahav Shalom-Revivo, another Israeli financial cyber official, said such a wide-ranging attack on the global financial system would need to be done by sophisticated attackers.

Read more at NASDAQ.

Category: Commentaries and AnalysesFinancial SectorOf Note

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