Central Banking

ECB says it has learned lessons from simulated cyber attack

The European Central Bank

The European Central Bank (ECB) said it had learned a number of lessons from a November 2015 exercise simulating a cyber attack on the eurozone's Target2 payment system, which also involved the US Federal Reserve.

A total of 300 staff members and experts from European and American institutions took part in the exercise, held on November 4, the ECB said. The New York-based continuous linked settlement system (CLS) was a participant. The Federal Reserve Board and the Federal Reserve Bank of New

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