"ECB to Conduct Mock Cyberattacks at 109 Banks"

Over the next 12 months, the European Central Bank (ECB) will stress test 109 banks to determine whether they are adequately prepared for cyberattacks. The tests will prioritize the banks' response and recovery capabilities, not the potential to prevent incidents. The ECB directly supervises the 109 banks in question. The stress test scenario aims to disrupt the banks' day-to-day operations, allowing existing contingency plans to be put to the test. Although the ECB performs stress tests regularly, the emphasis on cyber resilience is new. It presented the findings of an assessment of banks' resilience to an economic downturn in the middle of last year. It found that smaller banks were far more vulnerable than larger banks. It remains to be seen whether the same holds true for cybersecurity. This article continues to discuss the ECB project to conduct cyber stress tests at 109 banks.

Techzine reports "ECB to Conduct Mock Cyberattacks at 109 Banks"

Submitted by grigby1