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Bank of England accredits MWR InfoSecurity in new cyber security testing scheme

12/06/2014 by

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Leading global information security firm MWR InfoSecurity has been announced as one of the seven accredited providers for the Bank of England’s new testing framework, CBEST.

The scheme, launched yesterday, will be run by the Bank of England, CESG (the information security arm of GCHQ) and the Financial Conduct Authority.

It uses cyber intelligence from the Government and accredited commercial providers to identify potential threats to a particular financial institution. Accredited cyber security analysts then replicate the techniques used by potential attackers to test, in a controlled environment, the impact an attack could have on the institution.

MWR, who as a CBEST accredited supplier can provide these services to financial institutions, have been involved in the development of the scheme alongside other companies within the industry.

Alex Fidgen, Director at MWR InfoSecurity, said: “Clearly the Bank of England is concerned about the sophistication of the growing number of threats being faced by financial institutions.

This article has been extracted from http://www.fx-mm.com, please click on this link to read the article in full http://www.fx-mm.com/35242/news/treasury-news/bank-of-england-accredits-mwr-infosecurity-in-new-cyber-security-testing-scheme/

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