Cyber Attack Test Finds Flaws in Equity Market

Hackers were able to force a shutdown of U.S. equity markets in a simulated cyber attack on the U.S. financial sector, suggesting industry and government could do more to harden the financial system against external threats.

The Securities Industry and Financial Markets Association, which represents the largest global financial players as well as smaller firms, is expected to release on Monday the results of its “Quantum Dawn 2″ exercise, in which about 50 government and private-sector entities responded to a simulated financial system attack.

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