Cyber Attack Simulation to Test Banks' Readiness

Exercise will begin Feb. 9 and last three days with different attack scenario each day.

 By Kara Reeder | Posted Jan 7, 2010
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The Financial Services Information Sharing and Analysis Center is planning to simulate a series of cyber attacks to see how well banks, payment processors and retailers handle online threats, reports InformationWeek.

The Cyber Attack against Payment Processes (CAPP) Exercise will begin on Feb. 9 and last three days with a different attack scenario each day. Bill Nelson, FS-ISAC's president and CEO, explains the importance of the exercise:

When cyber security threats occur, swift and well-planned reactions can mean the difference between business continuity and business catastrophe. This is especially true with cyber attacks against payment processes. FS-ISAC is eager to provide payment systems participants with this unique opportunity to test their readiness to respond to major cyber attack incidents.

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