Banking industry group conducts cyber exercises, with results expected to be reported soon

The Securities Industry and Financial Markets Association held an industry-wide cybersecurity exercise this week, with SIFMA saying an “after-fact” report will follow.

SIFMA's Quantum Dawn IV, which took place Tuesday and Wednesday, consisted of a series of exercises put together to help financial sector organizations practice and improve coordination in order to be able to respond to a large-scale cyber attack.

“There is likely no greater threat to financial stability than a large-scale cyber event, which SIFMA considers a low-probability,...