SWACHA to Help Fight Cyber-Criminals in Nationwide Cyber Attack Simulation Exercise for Financial Institutions
Summary
“The CAPP exercise is a highly realistic way to determine if your financial institution’s critical response team is able to effectively respond to cyber-attacks,” said Dennis Simmons, AAP, CEO of SWACHA.“According to a July report in The New York Times, a Russian gang was discovered to have the largest known collection of stolen internet credentials, consisting of 1.2 billion usernames and passwords, and more than 500 million email addresses, said Simmons.“Regulators are increasingly in favor of financial institutions participating in FS-ISAC exercises as they help measure and improve responses to cyber-attacks on electronic payment processes.“As we have seen recently, staying ahead of potential threats is essential to protect financial institutions and their customers.”According to Simmons, more than 600 financial institutions participated in last year’s event, more than any other year since the exercise was launched in 2010.“According to a July report in The New York Times, a Russian gang was discovered to have the largest known collection of stolen internet credentials, consisting of 1.2 billion usernames and passwords, and more than 500 million email addresses, said Simmons.This information includes analysis and recommended solutions from leading industry experts.Media ContactAlexis DanielGranado Communications GroupOffice: 214.599.8467Cell: 214.830.1949alexis@granadopr.com Contact Information Granado Communications Group Alexis Daniel 214-599-8467 www.swacha.org Click here to view the list of recent Press Releases from SWACHA Promote Your Business Press Release Pricing Email this page to a friend