Adversarial Attack Simulation Exercise Guidelines for Financial Industry

This document is a guide for conducting Adversarial Attack Simulation Exercises (AASE) within the financial industry in Singapore. It outlines the necessity of these exercises in response to the evolving nature of cyber security threats faced by financial institutions (FIs). AASEs, also known as Red Team exercises, are structured assessments that simulate sophisticated cyber attacks to evaluate the effectiveness of an organization's defenses. The primary objective is to enhance the resilience of FIs against potential attacks by identifying vulnerabilities and improving response capabilities. The guidelines detail the planning, execution, and reporting phases of AASEs, emphasizing the importance of realistic scenarios that reflect real-world adversaries' tactics. The document serves as a resource for FIs to better prepare for cyber threats, ensuring that they can effectively protect critical functions and maintain business continuity. Best practices and methodologies for conducting these exercises are also discussed to facilitate effective implementation.