Israel this week was at the forefront of an international cyber “war game” that simulated attacks on global financial networks. Israel’s Ministry of Finance, which led the exercise, said the goal was to identify weaknesses and minimize damage to banks and financial markets in future cyber attacks.
Participating in the simulation were representatives of the US, UK, United Arab Emirates, Germany, Italy, Austria, Switzerland, the Netherlands, Thailand, the International Monetary Fund and the World Bank.
The fact that Israel was took the lead in this was, according to Finance Ministry officials, “further evidence of Israel’s global leadership.”
Israel gained experience in this field by being attacked twice as often as any other country, according to experts. For instance, Israel’s healthcare system is the target of no less than 1,445 cyber attacks every week, reported Israeli cyber security firm Check Point.
Israel’s world-leading expertise in cyber security has long been recognized. But the Jewish state has been somewhat tarnished in this regard of late amidst the NSO Group spyware scandal.