‘Consider what damage could be caused’: Government launches cyber ‘war games’ for major banks

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‘Consider what damage could be caused’: Government launches cyber ‘war games’ for major banks
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The nation’s biggest banks and financial services companies will be summoned to a series of unprecedented war-gaming exercises to test how they would respond to debilitating cyberattacks.

were just the tip of the iceberg when it came to damaging cyberattacks, and the government was preparing for more profound breaches that crippled critical infrastructure assets such as the water supply and electricity grid.Credit:“The groups that are conducting cyberattacks are becoming more professionalised, industrialised, powerful and effective,” she said.

“We’re conducting exercises where we play through what it would look like to have a major bank, for example, come down in a cyberattack,” she said.

Australian Banking Association chief executive Anna Bligh said protecting customers’ information and funds was the highest priority. O’Neil is overseeing the creation of a cybersecurity strategy that aims to make Australia the world’s safest nation by 2030.in which data breaches were replaced by “data integrity attacks, where small errors are induced in compromised sets with outsize implications, such as financial records”.

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