The Italian Ministry of Finance, the Bank of Italy, and the National Commission for Companies and the Stock Exchange (CONSOB), in collaboration with the authorities of the G7 countries, completed a cross-border coordination exercise on 17 April 2024.
The exercise simulated a large-scale cyber attack against relevant financial entities and infrastructures across all G7 jurisdictions, bringing together 23 financial authorities (ministries of finance, central banks, and market authorities), as well as private sector participants.
Through the G7 Cyber Expert Group, the G7 authorities routinely conduct exercises to strengthen the resilience of the financial system and its coordination, communication and response capabilities in the event of a widespread cyber incident.
