Exclusive-IMF, 10 countries simulate cyberattack on global financial system

Exclusive-IMF, 10 countries simulate cyberattack on global financial system

Exclusive-IMF, 10 countries simulate cyberattack on global financial system

Information about Exclusive-IMF, 10 countries simulate cyberattack on global financial system

Kevin David Scam or Legit


By Steven Scheer
JERUSALEM (Reuters) – Israel on Thursday led a 10-country simulation of a major cyberattack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.
The simulated “war game”, as Israel’s Finance Ministry called it and planned over the past year, evolved over 10 days, with sensitive data emerging on the Dark Web. The simulation also used fake news reports that in the scenario caused chaos in global markets and a run on banks.
The simulation — likely caused by what officials called “sophisticated” players — featured several types of attacks that impacted global foreign exchange and bond markets, liquidity, integrity of data and transactions between importers and exporters.
“These events are creating havoc …

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