The European Central Bank is to utilise White Hat techniques to test the resilience of financial market entities under a controlled cyber hacking programme.
The European Framework for Threat Intelligence-based Ethical Red Teaming (TIBER-EU), is billed by the Central bank as the first Europe-wide framework for controlled and bespoke tests against cyber attacks in the financial market.
The TIBER-EU testing framework will seek to mimic the tactics, techniques and procedures of real hackers, simulating a cyber attack on an entity’s critical functions and underlying systems, such as its people, processes and technologies.
Designed for deployment by national and European authorities and entities that form the core financial infrastructure, the 'ethical hacks' will be tailor-made and will not result in a pass or fail, says the ECB, rather they will seek to provide the institution with insight into its strengths and weaknesses.