European Central Bank test on cyber attacks
Friday, 05 04 2018, Category: Banking, Country: Europe
The European Central Bank has designed a new test simulating cyber attacks on banks, stock exchanges and other firms that are critical for the functioning of the financial system, it said on Wednesday.
The move follows a string of heists and attacks by hackers on lenders and central banks over the past two years, including one that disrupted online and mobile services at the Netherlands’ three top banks earlier this year.
The ECB’s initiative aims to create a single framework for testing the cyber-resilience of financial firms in the European Union.
Source: Insurance Journal