Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Operations

11/2/2015
03:30 PM
Connect Directly
Twitter
RSS
E-Mail
50%
50%

UK-US Cyberattack Simulation On Finance Sector Set For This Month

US-CERT and CERT-UK putting President and Prime Minister's earlier plans into action.

A coordinated simulation to test how well the United States' and United Kingdom's government agencies and financial centers in London and New York communicate in the event of a cyberattack on the financial sector will take place this month, officials stated today.

The joint exercise is the result of a set of agreements for cybersecurity cooperation laid out by President Obama and U.K. Prime Minister David Cameron in January.

Dubbed Operation Resilient Shield, the simulation will be coordinated by US-CERT and its British counterpart CERT-UK. The Bank of England -- which recently announced plans to increase its cybersecurity funding -- will also be involved in planning the simulation. Other banks participating in the exercise have yet to be determined, but the U.S. Treasury and the British finance ministry will take part.

The simulation will focus more on weaknesses in information sharing and incident response procedures than weaknesses in the banking systems themselves. As a representative for CERT-UK told Reuters, "There will be no testing of cash machines coming down, banks coming down or anything like that."

The exercise this month is part of the countries' collaborative effort to harden security of critical infrastructure. The agreement laid out between President Obama and Prime Minister Cameron also included plans regarding better cooperation on cyber defense -- for example, more partnerships between the countries' law enforcement and intelligence agencies, like UK's GCHQ and MI5 and the U.S.'s NSA and FBI. The pact further plans more investment in academic research on cybersecurity, including joint support for a new Fulbright Cyber Security Award and a Cambridge vs. Cambridge infosec contest between the University of Cambridge and the Massachusetts Institute of Technology.

 

Sara Peters is Senior Editor at Dark Reading and formerly the editor-in-chief of Enterprise Efficiency. Prior that she was senior editor for the Computer Security Institute, writing and speaking about virtualization, identity management, cybersecurity law, and a myriad ... View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
COVID-19: Latest Security News & Commentary
Dark Reading Staff 8/10/2020
Researcher Finds New Office Macro Attacks for MacOS
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/7/2020
Exploiting Google Cloud Platform With Ease
Dark Reading Staff 8/6/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Special Report: Computing's New Normal, a Dark Reading Perspective
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
The Changing Face of Threat Intelligence
The Changing Face of Threat Intelligence
This special report takes a look at how enterprises are using threat intelligence, as well as emerging best practices for integrating threat intel into security operations and incident response. Download it today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-8720
PUBLISHED: 2020-08-13
Buffer overflow in a subsystem for some Intel(R) Server Boards, Server Systems and Compute Modules before version 1.59 may allow a privileged user to potentially enable denial of service via local access.
CVE-2020-12300
PUBLISHED: 2020-08-13
Uninitialized pointer in BIOS firmware for Intel(R) Server Board Families S2600CW, S2600KP, S2600TP, and S2600WT may allow a privileged user to potentially enable escalation of privilege via local access.
CVE-2020-12301
PUBLISHED: 2020-08-13
Improper initialization in BIOS firmware for Intel(R) Server Board Families S2600ST, S2600BP and S2600WF may allow a privileged user to potentially enable escalation of privilege via local access.
CVE-2020-7307
PUBLISHED: 2020-08-13
Unprotected Storage of Credentials vulnerability in McAfee Data Loss Prevention (DLP) for Mac prior to 11.5.2 allows local users to gain access to the RiskDB username and password via unprotected log files containing plain text credentials.
CVE-2020-8679
PUBLISHED: 2020-08-13
Out-of-bounds write in Kernel Mode Driver for some Intel(R) Graphics Drivers before version 26.20.100.7755 may allow an authenticated user to potentially enable denial of service via local access.