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How Does a Central Bank Get Ready for a Possible Cyber Attack? Exercise!

When:
June 8, 2016 @ 10:15 am – 11:15 am
2016-06-08T10:15:00-04:00
2016-06-08T11:15:00-04:00
Where:
The International Center
6900 Airport Rd
Mississauga, ON L4V 1E8
Canada

Every month we read about the latest, the greatest, or “the most significant cyber breach ever.” Companies are jostling to figure out how to manage these challenging cyber security issues – and it’s not just IT that’s scrambling. Cyber incidents affect every aspect of the business, and cyber security has become one of the most pressing issues in business continuity management today. The banking sector clearly understands this; a cyber attack is one of the most significant risks facing the financial services industry worldwide. Knowing that, the Bank of Canada wanted to do a robust exercise to help build readiness, from their mission-critical business departments all the way to the Governor and bank senior management. The goal of this session is to demonstrate the value of conducting such an exercise to improve your company’s overall readiness. The general session will describe in detail how the exercise was designed over 15 months, and some of the key findings that the Bank discovered.

Topics Covered

  • How a cyber exercise is different from other exercises.
  • What the benefits are of such an exercise.
  • How to design an exercise that delivers on the stated goal.
  • What the Bank of Canada learned from this experience.
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