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Cybersecurity exercise to test payment processes

FS-ISAC-run event will run Oct. 16-17

Cybersecurity exercise to test payment processes
FS-ISAC, the Financial Services Information Sharing and Analysis Center, announced open registration for the fourth annual simulated cybersecurity exercise related to payment processes used by banks and credit unions.

The two-day exercise enables security, risk, and IT professionals to experience extremely realistic scenarios in order to train and test critical cyber incident response practices. The exercise is conducted across hundreds of participant teams in a safe, monitored environment. Ultimately these exercises are designed to help harden financial institutions against present and future cyberattacks.

"As the longest running annual cyber security simulation run by and for financial services organizations, hundreds of firms and thousands of participants have benefited from this annual exercise," says Bill Nelson, president and CEO, FS-ISAC. "The exercise is designed to test existing preparation and practices, promote cross-functional collaboration and quickly identify gaps. It also helps enable rapid information gathering and analysis that can be turned into actionable cyber security and incident response improvements. We expect a record participation this year and welcome all qualified organizations to register."

More Details:

Who: Security & fraud professionals, risk and compliance professionals, IT professionals, payment operations, corporate communications professionals that work directly for qualified financial services firms in the banking, credit union, payment systems, and brokerage sectors.

Which firms: Any financial institution that sends or receives ACH transactions, checks or wires. Any financial institution that uses online banking for their customers or members. Any bank or credit union that processes payments.

What: A two-day simulated cyber incident exercise. All participant data is anonymized and securely handled. No production systems are used for this exercise. Aggregated benchmark results will be published to participants after the exercise.

When: Oct. 16-17, registration deadline Oct. 9. Oct. 23-24, registration deadline, Oct. 16.

Where: Online and via conference call

Register: (Participation is free. All registrations require validation. You do not have to be an FS-ISAC Member to participate)


John Ginovsky

John Ginovsky is a contributing editor of Banking Exchange and editor of the publication’s Tech Exchange e-newsletter. For more than two decades he’s written about the commercial banking industry, specializing in its technological side and how it relates to the actual business of banking. In addition to his weekly blogs—"Making Sense of It All"—he contributes fresh, original stories to each Tech Exchange issue based on personal interviews or exclusive contributed pieces. He previously was senior editor for Community Banker magazine (which merged into ABA Banking Journal) and for ABA Banking Journal and was managing editor and staff reporter for ABA’s Bankers News. Email him at [email protected]

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