UK banks to stress test readiness for major cyberattack

Only days after the authorities gave UK-based banks a time limit to come up with cyberattack defence plans, details have emerged of a major stress test of current financial systems set for next month.

Dubbed ‘Operation Waking Shark 2′, according to The Daily Telegraph the test day will simulate a “severe” attack on payment providers, banks and markets to sniff out weaknesses in defence strategies, communications, and procedures. Continue reading