Majority of central banks carry out cyber defence exercises
Respondents suggest ways to improve exercises’ effectiveness in building up resilience
Most central banks hold exercises as a means of bracing for potential cyber attacks, the Financial Stability Benchmarks 2024 show.
Over four-fifths (84.8%) of 33 central banks say they hold cyber risk exercises. By contrast, five jurisdictions say they do not.
Twenty-five (86.2%) of 29 central banks also believe that they can improve their cyber attack exercises. The adjustments they recommended include updates in approach, increased frequency of exercises, training, regular drills for staff
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