Wed Dec 15, 2021 – 6:25 pm EST
JERUSALEM (LifeSiteNews) – Israel led a 10-country initiative earlier this month that simulated a global financial cyber attack aimed at creating a real-life scenario that could ensue from panic and chaos if something like that were to happen.
The exercise was called “Collective Strength” and took place at the beginning of December. The global “war game” included treasury personnel from 10 countries — Israel, United States, United Kingdom, United Arab Emirates, Austria, Switzerland, Germany, Italy, Netherlands and Thailand — as well as representatives from the International Monetary Fund, World Bank and Bank of International Settlements.
Reuters reported that the participants were shown a film as part of the simulation. “These events are creating havoc in the financial markets,” the narrator of the film said, and that governments were under pressure to gauge the impact of the global attack as the world financial system was crippled.
“The banks are appealing for emergency liquidity assistance in a multitude of currencies to put a halt to the chaos as counterparties withdraw their funds and limit access to liquidity, leaving the banks in disarray and ruin,” the narrator said.
The event ran through various attacks that included breaches in foreign exchange and bond
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