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Banking Cyber Security

The UK Banking System to conduct Cyber Assessment

The UK banking system is gearing up for some significant cyber security testing this November.

The tests will simulate a one day attack on the UK payments and markets systems. It is expected that all UK high street banks will take part in the exercise.

Last month saw attacks perpetrated by criminals against Santander and Barclays, in both cases arrests were made following investigation, though in the latter case against Barclays, £1.3M was stolen.

It will be interesting to see how effective the proposed testing will be against the sort of attacks seen in September, and how realistic the simulations prove to be.

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