Bank of England stages day of war games to combat cyber-attacks

Spate of data breaches in financial sector prompts voluntary exercise to test resilience

The Bank of England (BoE) is staging a day-long war gaming exercise on Friday designed to test the resilience of the financial system in the event of a major cyber-attack.

Up to 40 firms are taking part in the voluntary exercise, alongside the BoE, the Treasury, City regulator the Financial Conduct Authority and UK Finance, the industry trade body.