The European Central Bank #ECB will carry out its first-ever cyber "stress test" to examine how banks can respond to and recover from a successful cyberattack. The results are expected around the middle of next year.'' the ECB's supervisory chief Andrea Enria told Lithuanian newspaper Verslo Zinios.
In the UK, the Prudential Regulation Authority (PRA) has created an invite-only ‘voluntary cyber stress test’ for payment institutions wishing to test their systems when responding to a severe data integrity incident.
The Federal Reserve (US) conducts annual stress tests using at least two different scenarios to test a bank's capital adequacy during times of threat.
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#BankofEngland #Fed #Cybersecurity #Cyberattack #EU
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