Cyber Wargames
The UAE Banks Federation (UBF), in collaboration with the CBUAE, conducted a cyber war-gaming exercise designed to test the UAE banking sector’s cyber-resilience, as well as to strengthen its capability to deal with increasingly sophisticated cyber-attacks.
Three banks were also invited to take part in the war-gaming exercise on 13 January 2021. It was based upon the realistic scenario of a Financial Services sector-wide, nation-state ransomware sponsored attack on the UAE’s banking sector.
The event required intense participation from over 80 executive, management and technical staff from across the Financial Services sector.
Cyber Wargaming Exercise
A national level cyber wargaming exercise for the financial services sector, with participation by the cbuae and three key uae banks
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EXECUTIVE TEAM
The executive management and management team of all four banks were challenged to analyse, collaborate, take quick decisions at critical moments and respond to specific situations simulated through 4Di simulator
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THE MIX
Executives, managers and technical teams collaborated and exchanged information to ensure an effective response to the simulated cyber-attack.
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TECHNICAL TEAM
The technology and cyber security teams were challenged to identify, contain, eradicate and devise effective technical recovery strategies to a cyber-attack, simulated using the Cyber Range platform.
Executive management, managers and technical teams of four banks participated in the exercise
This coherent cyber-attack scenario was run across both the management and technical sessions:
- Technical cyber war-gaming - each participating bank had approx. 10 technical staff from their IT, Incident Response & SOC teams working collaboratively to respond to the unfolding incident within the Cyber Range.
- Executive cyber-war gaming – each participating bank had approximately 10 executive level and technical staff working to respond to the unfolding sector level crisis collaboratively, using their business continuity and crisis management processes.
- The CBUAE is considering conducting the exercise annually, increasing the scope of participating banks.
- It aims to conduct the second national cyber war-gaming exercise in the second quarter of 2022.
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Last updated on: Thursday 28 July 2022
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