Banks prepare for cyberattack test this week

Banks large and small are girding for an elaborate drill this week that will test how they would fare if hackers unleashed a powerful and coordinated attack against them.

The exercise is being called ‘‘Quantum Dawn 2,’’ and if the name sounds like a video game, it is also meant to convey the seriousness of the threat.

Cyberattacks on the banking industry are growing more frequent and sophisticated, and the list of assailants is ever-changing: crime bosses who want money, ‘‘hacktivists’’ making political statements, foreign governments that want to spy on US companies. A successful, widespread attack on the industry would shake confidence in the banking system and the possibility has banks and regulators on edge.

Read the full article via The Boston Globe.