The name is ominous, but the threat of a cyber-attack is more real than ever before. This week, more than 50 banks plus the Department of Homeland Security, FBI, and SEC, will participate in the exercise Quantum Dawn 2. This is a simulation designed to show financial organizations how to respond in the event of hacking or cyber attacks. The Securities Industry and Financial Markets Association (SIFMA) is organizing the event to take place today, July 18.
“I think it’s great that these banks are assessing how they’d stand up to real-world attacks,” said Kevin Beaver, Preparis X-Force information security consultant. “That said, I’m more of a first things first kind of guy. Based on what I see in my work with small and medium-sized banks, there are plenty of security risks that aren’t getting the attention they need this very moment.”
Beaver is the also the author of “Hacking For Dummies”, “Hacking Wireless Networks For Dummies”, and almost a dozen titles all about information security.
“Once banks find and fix their low-hanging fruit that’s lurking around their networks, online banking web applications, and mobile apps, then — and only then — should they run such exercise to get a clearer view of what can happen when they get hit by criminal hackers. Until then, exercises such as Quantum Dawn 2 are merely novelties that serve as a distraction from the bigger issues at hand.”
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