Bank of England steps up fight to tackle cybercrime

“War games” planned to test resilience.

The Bank of England is to hold a “war game” this week to stress test the defences of financial firms against a cyber attack.
The Sunday Times reports the “Resilient Shield” test will simulate a hack on financial firms to test whether banks can withstand sustained attacks in a bid to breach security.
It will test whether cash machines and electronic payment systems would still be able to operate in the event of a cyber attack. Large global institutions in London will be subject to the test, while officials from the Federal Reserve will observe the results in a teleconference.
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