UK’s central bank in May 2014 introduced its voluntary vulnerability testing
More than half of Britain's top financial
firms have either completed or are currently testing their
computer systems under a voluntary Bank of England scheme, the
central bank has said.
The BoE said its CBEST Vulnerability
Testing Framework (CBEST) – launched in May 2014
– has now been completed by 10 'core
firms,’ with a further nine currently undertaking
testing, which is more than half of the 36 banks, exchanges and
financial firms (including the bank itself) that the bank said
should undertake the tests.
CBEST is an intelligence-led test created
after the Financial Policy Committee recommended the UK
Treasury and regulators work together to improve and test
resilience to cyber-attacks.
UK authorities made CBEST available to
firms which they consider "core to the UK financial system,"
including the largest foreign and domestic banks in London,
financial infrastructure providers, exchanges, key payment
settlement systems and clearing houses.
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