Austrian Banks Defend Themselves in First Cyber Attack War Games

Austrian banks were found to be “by and large” well prepared to defend themselves from hacker attacks after the country’s financial regulator staged its first cyber war game.

The one-day exercise consisted of 170 fake attacks launched by 100 experts, testing the defense of banks, technology providers and public authorities, financial regulator FMA and the central bank said in a statement. The scenarios included blackmail attempts helped by malicious software, attacks that targeted system software and online banking apps as well as the shutdown of ATMs and websites.