Eskenzi PR ad banner Eskenzi PR ad banner
  • About Us
Wednesday, 1 February, 2023
IT Security Guru
Eskenzi PR banner
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

Bank of England plans ethical hacking programme

by The Gurus
April 23, 2014
in Editor's News
Share on FacebookShare on Twitter

The Bank of England is to oversee an ethical hacking programme as part of a broader assessment of the reliability of its information security defences
According to a report by the FT, this is part of an assessment of more than 20 major banks and other financial players in the UK and the scenarios will draw on intelligence reports of the latest threats from attackers and be overseen by Andrew Gracie, the director of the UK’s special resolution unit within the BoE.
Ashish Patel, regional director, network security UKI at McAfee, part of Intel Security, called the exercise “a step in the right direction for national security”.
He said: “It is greatly reassuring to see that financial institutions will be putting their security to the ultimate test. Stealth tactics such as Advanced Evasion Techniques (AETs) can go undetected, as they bypass firewalls and penetrate the network, silently unleashing damaging malware.
“This initiative should therefore help to uncover hidden vulnerabilities across key financial institutions. Working together with the private sector in this way is crucial to building a truly comprehensive national defence strategy.”
This follows the second Waking Shark exercise, which took place in November 2013 and was deemed to be a success. In that exercise, the three day period saw financial services companies face DDoS attacks, targeted and PC wipe attacks, issues with end-of-day market data pricing files for some equities markets, issues with Central Counterparty Clearing processes for fixed income, and issues associated with processes used to instruct payments through agent banks and manage balances in accounts at agent banks.
Charles Sweeney, CEO of Bloxx, said: “Banks face a relentless onslaught of persistent and sophisticated attacks because they are considered to be highly prized targets for criminals. This makes security investment and maintenance a 24×7 by 365 activity to ensure financial institutions can protect their infrastructure and assets.
“Last year’s Waking Shark programme was a great success, but attacks evolve and develop at a rapid pace so it is no surprise that the Bank of England wants to test defences again. It is great to see the UK leading the way in cyber protection programmes that can make a real difference to consumers, enterprises and the economy.”

FacebookTweetLinkedIn
ShareTweetShare
Previous Post

Privacy campaigners slam HMRC data sale plans

Next Post

Governments 'responsible for 87pc of online spying'

Recent News

JD Sports admits data breach

JD Sports admits data breach

January 31, 2023
Acronis seals cyber protection partnership with Fulham FC

Acronis seals cyber protection partnership with Fulham FC

January 30, 2023
Data Privacy Day: Securing your data with a password manager

Data Privacy Day: Securing your data with a password manager

January 27, 2023
#MIWIC2022: Carole Embling, Metro Bank

#MIWIC2022: Carole Embling, Metro Bank

January 26, 2023

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

This site uses functional cookies and external scripts to improve your experience.

Privacy settings

Privacy Settings / PENDING

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

GDPR Compliance

Powered by Cookie Information