BoE finds room for improvement in cyber attack exercise
Participants have made changes since previous exercise but some issues remain, central bank says
The Bank of England says regulators and firms participating in a simulated cyber attack have shown some improvement, but need to do more to improve elements of their responses.
The BoE said there was room to improve co-ordination, the recovery of services and communications. It also said a disparity in risk tolerance when suspending services could have “significant knock-on effects”.
Institutions including the BoE, Financial Conduct Authority and Treasury as well as 29 financial firms and
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