Bank of England to test financial system resilience to cyber attacks


FILE PHOTO: People pass the Bank of England in the City of London January 16, 2014. REUTERS/Luke MacGregor/File Photo

LONDON (Reuters) – The Bank of England said it will carry out a test on Friday to gauge the financial sector’s ability to withstand a major cyber attack.

The BoE said that, in partnership with the finance ministry and the Financial Conduct Authority, it would host a one-day exercise on Nov. 9.

“The exercise will help authorities and firms identify improvements to our collective response arrangements, improving the resilience of the sector as a whole,” the BoE said in a statement.

Reporting by Huw Jones; Editing by Kevin Liffey

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