June 19, 2019

June 19, 2019

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June 17, 2019

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How will the simulated G7 cross-border cyberattack differ from real cyberattacks?

Reuters reported that the G7 simulated cyberattack would be a “three-day exercise aimed to demonstrate the cross-border effects of such an attack, and would involve 24 financial authorities from the seven countries, comprising central banks, market authorities and finance ministries.”  The May 10, 2019 report entitled “G7 countries to simulate cross-border cyber attack next month: France” included these comments:

Leading Western industrial powers will for the first time jointly simulate a major cross-border cyber security attack on the financial sector next month,….

The exercise, organized by the French central bank under France’s presidency of the Group of Seven nations (G7), will be based on the scenario of a technical component widely used in the financial sector becoming infected with malware

Also Nathalie Aufauvre (Bank of France’s director general for financial stability) commented that:

…Cyber threats are proof that we need more multilateralism and more cooperation between our countries.”

I assume that real cybercriminals will monitor this G7 exercise to learn about how the G7 will deal with cyberattacks.  What do you think?

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Peter Vogel, trial attorney, Foley Lardner
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Peter Vogel is renowned as both a trial and transactional lawyer who deeply understands technology, science and intellectual property, and the opportunities and problems they pose for clients. Governments and administrative agencies, as well as major corporations and emerging businesses, rely on Peter to get right to the heart of an information technology or e-discovery dispute; he knows what to expect and how it will play out in the courtroom. This eliminates unproductive rabbit trails and reduces the cost of litigation for all parties. When negotiating agreements for...

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