14 DAY TRIAL // Several financial institutions from the United Kingdom have taken part in a cyber-security exercise dubbed “Waking Shark II.” A similar exercise took place two years ago.
According to Reuters, organizations such as Barclays, CHAPS, Credit Suisse, BNP Paribas, HSBC, the London Stock Exchange, Royal Bank of Scotland, USB, SWIFT, Morgan Stanley, JP Morgan, Goldman Sachs, Deutsche Bank, and LCH Clearnet have participated in Waking Shark II.
In total, around 100 regulators, government officials and bankers attended the event held at Plaisterers' Hall. One of the simulations replicated a distributed denial-of-service (DDOS) attack launched by a foreign government.
The results of the exercises will be made available at the beginning of 2014.
Waking Shark II comes shortly after US financial institutions conducted a similar exercise called Quantum Dawn 2.