G7 Cyber Expert Group Conducts Cross-Border Coordination Exercise in the Financial Sector

WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system.The primary objective of the exercise was to strengthen the ability of G7 financial authorities in effectively communicating and coordinating their respective responses to facilitate crisis management in the event of a significant cross-border cyber incident affecting the financial sector. The exercise built on previous simulations and workshops, which focused on cyber incident response, recovery management, and crisis communication.“This exercise is another critical opportunity for us to work with our G7 partners in our ongoing effort to combat cyberattacks,” commented Deputy Secretary Wally Adeyemo.