U.S. and U.K. to Hold Joint Financial Cyber Security Exercise

November 1, 2015

The U.S. and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the U.K. National Computer Emergency Response Team.

The initiative will not be a “war game” involving live testing and will instead check communication and coordination links between governments, authorities and companies, an e-mailed statement from CERT said. While it will involve financial firms, it will not test their individual responses, it said.

As online criminals grow more sophisticated the exercise is part of ongoing engagement between the U.K. and U.S. after President Barack Obama and Prime Minister David Cameron said in January the two countries would deepen cyber security ties. Further details on the initiative should be released in the next couple of weeks, CERT said.

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