Singapore completes two-day cyber resilience exercise

If your bank got taken out by a cyber attack, how would your business respond?…:

[…] “The continually evolving cyber threat landscape and increasing inter-connectedness in the financial sector calls for close collaboration within the financial ecosystem to effectively counter the threats,” said Tan Yeow Seng, chief cyber security officer of MAS. “Exercise Raffles brings together the public and private sectors to test the response capabilities and develop comprehensive plans to improve cyber preparedness. Among the many learning points from the exercise, was the need for better coordination to manage the implications of operational disruptions in one financial institution on others within and beyond the financial sector. Overall, the experiences gained would serve to reinforce and strengthen the financial sector’s cyber resilience.”


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