Payments organisations and banks held their first-ever joint cyber-security war game in a bid to test their systems amid rising IT security threats. Mastercard, WorldPay and American Express (Amex) were among the payment processors that took part in the exercise, held at IBM’s test centre in Cambridge, Massachusetts.
Commenting on the news is James Hadley, CEO and founder of Immersive Labs:
Sharing information is vital to ensure industries develop stronger, more robust risk and cyber security strategies. The world of cyber can take a lead from the aviation industry, where each incident is investigated and the information discovered is shared throughout the industry in an open manner in a drive to ensure air travel is the safest it can be. The cyber war games allow for a similar open mindset , encouraging lessons to be learnt from others and in turn creating uniform best practice processes. Perhaps even more important is making sure that this learning and upskilling process is carried out on a regular basis with up to date threat intelligence.