ECB to conduct mock cyber attacks at 109 banks

The European Central Bank (ECB) will stress test 109 banks over the next twelve months to see if they are adequately prepared for cyber attacks.

The banks’ response and recovery capabilities will be prioritized, not the potential to prevent incidents. The 109 banks in question are all under the direct supervision of the ECB. The stress test scenario seeks to interrupt the banks’ day-to-day operations, during which existing contingency measures will be practically tested.

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Source: Techzine