Report: G7 institutions to simulate cyberattack on financial sector

Twenty-four financial organizations from countries comprising the Group of Seven (G7) nations will reportedly simulate a major cross-border cyberattack on the financial sector next month.

The exercise will present a scenario in which malware infects a technical component that is commonly used in the financial sector, according to a Reuters report citing Nathalie Aufauvre, director general for financial stability at the Bank of France, which is organizing the three-day exercise.

The simulation will be the first of its kind at the G7 level, Aufauvre reportedly said at a cybersecurity conference held at the bank last Friday.

Participating organizations will include central banks, market authorities, finance ministries and private sector representatives. The G7's members are Canada, France, Germany, Italy, Japan, the U.K. and the U.S.

Bradley Barth

As director of multimedia content strategy at CyberRisk Alliance, Bradley Barth develops content for online conferences, webcasts, podcasts video/multimedia projects — often serving as moderator or host. For nearly six years, he wrote and reported for SC Media as deputy editor and, before that, senior reporter. He was previously a program executive with the tech-focused PR firm Voxus. Past journalistic experience includes stints as business editor at Executive Technology, a staff writer at New York Sportscene and a freelance journalist covering travel and entertainment. In his spare time, Bradley also writes screenplays.

Get daily email updates

SC Media's daily must-read of the most current and pressing daily news

By clicking the Subscribe button below, you agree to SC Media Terms and Conditions and Privacy Policy.