Should We Be Concerned About a Cyber-Attack on Global Financial System?

#IMF #US #Israel #cyberattack #financialmarkets #drill #dollar #markets #banks #liquidity #federalreserve #taper #WorldBank #BIS #simulation #Reuters

Today we will look at a recent 10-day exercise cyber attack on the global financial system conducted by the major governmental financial institutions under the leadership of the Israeli Finance Ministry.

Major treasury departments from around the world like the U.S., U.K., and Germany participated in this simulation alongside the IMF, World Bank, and the BIS.

We think it is important to keep this simulation in the back of our minds and we also think a real-world cyber-attack on the global financial system would be a great excuse for the Fed and other central banks to reverse the tightening policies they are expected to take soon.

EXCLUSIVE IMF, 10 countries simulate cyberattack on global financial system: https://www.reuters.com/markets/europe/exclusive-imf-10-countries-simulate-cyber-attack-global-financial-system-2021-12-09/

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