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ABA: The American Bankers Association
Industry Insight

SIFMA’s Quantum Dawn VII After-Action Report

  • Brought to you by Protiviti
  • Published November 11, 2024

Quantum Dawn VII: The latest iteration of SIFMA’s biannual cybersecurity exercise focused on the outage of a critical third-party service provider.

Big picture: The simulation and concluding survey found many financial institutions are already experienced with the loss of a critical third-party, with protocols established for managing the outage.

Why it matters: With such outages increasingly commonplace and regulators holding firms responsible for any breaches that result, it is vital for the financial services industry to establish, maintain, and test response and recovery plans for their critical third parties.

Go deeper: In this after-action report, we look at the lessons learned from the Quantum Dawn VII exercise.

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Protiviti

Protiviti is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. We have served 75% of the world’s largest banks through our network of more than 75 offices in over 20 countries. Our global team of experienced risk management professionals are former risk managers, commercial and consumer lenders, and financial regulators. We help CEOs, CROs, CFOs and boards assess, measure and improve their financial risk strategies and risk management capabilities. To learn more about Protiviti, please visit us at www.protiviti.com/fs. Protiviti is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.

Protiviti

Protiviti is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. We have served 75% of the world’s largest banks through our network of more than 75 offices in over 20 countries. Our global team of experienced risk management professionals are former risk managers, commercial and consumer lenders, and financial regulators. We help CEOs, CROs, CFOs and boards assess, measure and improve their financial risk strategies and risk management capabilities. To learn more about Protiviti, please visit us at www.protiviti.com/fs. Protiviti is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.

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Protiviti

Protiviti is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit. We have served 75% of the world’s largest banks through our network of more than 75 offices in over 20 countries. Our global team of experienced risk management professionals are former risk managers, commercial and consumer lenders, and financial regulators. We help CEOs, CROs, CFOs and boards assess, measure and improve their financial risk strategies and risk management capabilities. To learn more about Protiviti, please visit us at www.protiviti.com/fs. Protiviti is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.