BoE finds room for improvement in cyber attack exercise

cyber protection

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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