Cyber war games dubbed 'Waking Shark II' begin for London's financial institutions

[InfoSec News <alerts () infosecnews org>]

http://www.independent.co.uk/life-style/gadgets-and-tech/news/cyber-war-games-dubbed-waking-shark-ii-begin-for-londons-financial-institutions-8934780.html

By JAMES VINCENT
independent.co.uk
12 November 2013

Banks and stock exchanges in London today will be testing their cyber 
security with a series of "war games" co-ordinated by financial regulators 
and government officials.

The operation, dubbed "Waking Shark II", will be one of the largest ever 
conducted, with dozens of financial institutions taking part. The tests 
will be overseen by the Bank of England, the Treasury and Financial 
Conduct Authority.

Bank staff will have to respond to a number of simulated cyber-attacks and 
find solutions to various problems including how to ensure the 
availability of cash from ATM machines and cope with a liquidity freeze in 
the wholesale market.

A previous exercise named "Waking Shark" was conducted two years ago by 
the Financial Services Authority whilst a pair of similar war games 
("Quantum Dawn" and "Quantum Dawn 2") have been carried out on Wall Street 
in the US.

[...]



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