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Summary of UK financial sector cyber exercise published

A summary of Desktop Cyber Exercise, which took place on Friday 11 March 2011, has been published.

The exercise, hosted by Credit Suisse at Canary Wharf, ran from 13.00hrs until 16.30hrs. Approximately 100 representatives from 33 participating organizations representing a broad range of financial firms, infrastructure providers and the financial authorities attended. There was also an Expert Panel comprising representatives from the Centre for the Protection of National Infrastructure (CPNI), the Serious Organised Crime Agency (SOCA), the Cyber Security Operations Centre (CSOC), the Payments Council, BT and O2. In addition there were 28 non-participating observers, mainly from the financial authorities.

The main objectives of the exercise were to:

* Identify key industry coordination issues in the event of a major attack.

* Establish recommendations to address any perceived issues or gaps

* Establish rules of conduct for cross-firm and regulator communication during a cyber attack.

A further objective of the financial authorities was to use the lessons learned from the event as input to the design of the scenario for the next Market-wide Exercise (MWE) scheduled for late November this year in which they expect to include a cyber dimension.

Read the summary report.

•Date: 3rd May 2011 • Region: UK •Type: Article • Topic: BC testing and exercising

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