The Bank of England said it will carry out a test on Friday to gauge the financial sector’s ability to withstand a major cyberattack. According to the BoE, it will host a one-day exercise on Nov. 9 in partnership with the finance ministry and the Financial Conduct Authority.
“This exercise forms a vital part of the sector wide biennial process that seeks to ensure the industry is prepared for – and can respond effectively to – any major disruption stemming from a cyber Incident, protecting the financial system on which the public relies,” the BoE stated on its website.
“The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole.”
