Central banks use varied cyber defence playbook

Cyber security training for central bank staff occurs at least once a year

Central banks use an array of cyber security tools to test their defences against external threats – though the most sophisticated measures are taken by just a handful of institutions.

Almost half (48%) of institutions included in the Fintech & IT Benchmarks 2021 perform email phishing exercises to prepare staff for this common form of cyber attack. Forty-five percent said they use internal penetration testing, whereby an in-house team scrutinises a system, network or application to find

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