http://www.businessweek.com/news/2011-11-21/fsa-tests-bank-readiness-for-hackers-u-k-olympic-travel-chaos.html By Ben Moshinsky Bloomberg November 21, 2011 U.K. banks face a day of disaster tomorrow, as part of a simulation led by the Financial Services Authority to test firms’ responses to a cyber-attack on payment systems and travel chaos during the London 2012 Olympic Games. The FSA will start the exercise at 8 a.m., contacting 87 firms. The drill will include a simulated computer-hacking attack on the financial system which disrupts communications and Internet access as well as wholesale- and retail-payment systems. The FSA will also test banks’ ability to deal with travel disruptions that leave employees unable to get to work. The Bank of England and U.K. Treasury will also take part. “There are no passes or fails,” the watchdog said in an e-mailed statement. “The exercise is about firms assessing their business continuity systems and updating them where necessary and the authorities identifying areas for further attention.” Five thousand bank employees battled against imaginary floods, “structural damage to office buildings” and “flying debris,” as part of the FSA’s 2009 exercise, according to the watchdog’s report on the results in February 2010. The regulator examined lenders’ emergency plans to handle severe weather conditions leading to power, travel and communication outages. [...] _____________________________________________________ Subscribe to InfoSec News - www.infosecnews.org http://www.infosecnews.org/mailman/listinfo/isnReceived on Tue Nov 22 2011 - 00:44:43 PST
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