One of the banks in Canada, Toronto-Dominion, chose an interesting technique of testing the proficiency of their security structure. The bank management hired real hackers and asked them to break into their system.
The initiative started out last year by the cyber threat management department. A whole team of cybersecurity experts was hired by the bank and is occasionally trying to hack accounts or networks on behalf of their employers.
“We’re doing it exactly how our adversaries would do it … So if we find a weakness or something like that, we can close it or address it before a real attacker,” said a bank representative.
The creative idea was soon adopted by multiple large financial organizations all over the country.
Canadian banks hope that such measures will help in preventing hacker attacks on banks and exchanges that are getting more numerous, intricate and harder to battle by the day.
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