Every month we read about the latest, the largest, or “the most significant cyber breach ever.” Companies are scrambling to figure out how to manage these challenging cybersecurity issues – and it’s not just IT that’s scrambling. These incidents affect every aspect of the business. Cyber security has become one of the most pressing issues in our field today. Banking clearly understands this – a cyber attack is one of the most significant risks facing the financial services industry. 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 fast-paced session will describe in detail how the exercise was designed over 15 months, and some of the key findings that the Bank discovered.
- How is a cyber exercise different from other exercises?
- What are the benefits of such an exercise?
- How do you design an exercise that delivers on the stated goal?
- What did the Bank of Canada learn from this experience?