Cyber security exercises are useful, say benchmark participants
Over half of participants simulate cyber attacks – a quarter do so more than once a year
More than half of the central banks that participated in the Financial Stability Benchmarks 2021 hold exercises to prepare for cyber attacks, but quite a large minority do not. Those that stage such exercises do so frequently, with half holding them annually, and almost as many doing them more often.
Out of 29 respondents, 17 said they run exercises, while 12 said they did not. The benchmark data also recorded the regularity of exercises by those central banks that did hold them. Of the 16
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