April 21 The Bank of England will oversee
simulated hacking attacks of more than 20 major banks and other
financial institutions in the United Kingdom to test the
resilience of their computer systems, the Financial Times
reported on Monday citing sources.
The FT reported the exercise called cyber threat and
vulnerability management, is being overseen by Andrew Gracie,
director of the UK's special resolution unit within the BoE.
Companies likely to participate include Royal Bank of
Scotland and the London Stock Exchange, the
The FT said the programme will involve cyber specialists
from companies approved to do penetration testing.
BoE has conducted a pilot of the scheme, the FT reported
citing two people familiar with the process.
Bank of England could not be immediately be reached outside
regular working hours.
(Reporting by Karen Rebelo in Bangalore; Editing by Lisa