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Waking Shark II update

On Tuesday 12th November, an exercise took place to test the UK financial sector’s response to a sustained and intensive cyber-attack.

Termed ‘Operation Waking Shark 2’ the exercise was jointly managed by the Bank of England, the Financial Conduct Authority, and the Treasury. It involved participants from investment banks, financial market infrastructure, the financial authorities and relevant government agencies.

Operation Waking Shark 2 was organized by the Securities Industry Business Continuity Management Group (SIBCMG) and tested the communication between firms; and between firms and the authorities. It also aimed to improve understanding of the impact of a cyber-attack on the participants and wider financial sector.

A report will be published early in the New Year to share the outcomes and lessons with the participants and wider finance sector.

•Date: 20th November 2013 • UK •Type: Article • Topic: Financial sector BC

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