Bank of England hosts bankers to fight cyber war at City's Plaisterers' Hall

The Plaisters' Hall played host yesterday to a number of senior bankers and Bank of England and Treasury officials in a simulated cyber war to see how the banking elite would cope in the event of a massive attack.

The City of London
The City of London

The cyber wargame, which was organised by the Bank of England and designed by a team from Credit Suisse, was called Waking Shark II and challenged participants to deal with a mock-up of a cyber attack as if it were happening in real-time.

Representatives from organisations including Barclays, Bank of America, Goldman Sachs, HSBC, London Stock Exchange and Royal Bank of Scotland are understood to have taken part in the exercise.

The event was overseen by officials from the Bank of England, the Treasury and Financial Conduct Authority.

The test took place in a single room of The Plaisterers' Hall, with people from various organisations interacting as the scenario unfolded.

The Bank of England said it would publish the results of the war game early next year.

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