Banks brace for cyberwarfare drill Quantum Dawn 2

Come June 28th, Wall Street outfits including the likes of Citigroup and Bank of America will be under siege -- from fake hackers, that is. Representatives from a total of 40 companies along with the Federal Reserve, Securities and Exchange Commission, US departments of Treasury and Homeland Security will take part in Quantum Dawn 2: a simulated cyberattack on faux trading and information systems. Led by the Securities Industry and Financial Markets Association, the drill will test the ability of participants to cooperate via email and phone to suss out what's going on and hatch a plan. The exercise will momentarily pause so that those involved can decide on a course of action, and then it'll speed up and model the effects of the decision over a longer period of time. With the recent flurry of hacking incidents and international finger pointing, something tells us this won't be the last we hear of drills like Quantum Dawn.

[Image credit: MoneyBlogNewz, Flickr]

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Banks brace for cyberwarfare drill Quantum Dawn 2