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
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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.

This article was originally published on Jan 7, 2010
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