For the past decade, financial institutions have gathered to simulate the outcome of a cyberattack. It’s more important than ever for banks to be prepared, a bi-annual event for financial institutions to practice their responses to various cyber threats.
It’s the nightmare that makes financial institutions’ chief information security officers wake up in cold sweats – a coordinated ransomware attack that brings down the entire global financial system.
That was the scenario gamed out at the Securities Industry and Financial Markets Association’s (SIFMA) Quantum Dawn VI exercise last
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