FSI paper details ‘red team testing’
A new paper by the Financial Stability Institute details how “red team testing” is used in different jurisdictions to assess the cyber defences of financial institutions.
In the latest in a series of FSI Insights papers, Jermy Prenio, Jeffery Yong and Raymond Kleijmeer present the results of a study based on eight different financial authorities.
A red team test involves a group of hackers trying to break into a firm’s systems and make off with “flags” or key pieces of data, as a simulation of
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