BoE conducts finance sector resilience exercise
Today, the Bank of England (BoE), in partnership with industry and other UK financial authorities (HM Treasury and Financial Conduct Authority), will host a one-day exercise designed to test the financial sectors resilience to a major cyber incident impacting the UK.
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This exercise forms a vital part of the sector wide biennial process that seeks to ensure the industry is prepared for – and can respond effectively to – any major disruption stemming from a cyber Incident, protecting the financial system on which the public relies.
The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole.