Bank of England to test financial system resilience to cyber attacks

The Bank of England said it will carry out a test to gauge the financial sector’s ability to withstand a major cyber attack.

The BoE said that, in partnership with the finance ministry and the Financial Conduct Authority, it would host a one-day exercise.

“The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole,” the BoE said in a statement.

Re-disseminated by The Asian Banker from Reuters

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