More than 1,000 banks and credit unions through the U.S. will test their incident response strategies as part of this cyber-attack exercise. Dennis Simmons, president and CEO of SWACHA, says too many institutions falter when it comes to communicating with peers and customers at the time of attack. The simulated attacks also should help institutions identify gaps in their security and risk management programs, he says. Simmons: “One of the major weaknesses that we’ve identified is making sure that not only do the financial institutions understand these exposures and risks, but also making sure their customers are aware of what’s happening””]
Source: https://www.cuinfosecurity.com/testing-cyber-attack-responses-a-6123