SIFMA’s Quantum Dawn VII After-Action Report

Quantum Dawn VII: The latest iteration of SIFMA's biannual cybersecurity exercise focused on the outage of a critical third-party service provider.

Big picture: The simulation and concluding survey found many financial institutions are already experienced with the loss of a critical third-party, with protocols established for managing the outage.

Why it matters: With such outages increasingly commonplace and regulators holding firms responsible for any breaches that result, it is vital for the financial services industry to establish, maintain, and test response and recovery plans for their critical third parties.

Go deeper: In this after-action report, we look at the lessons learned from the Quantum Dawn VII exercise.

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In Depth

• Cybersecurity