All FS-ISAC members and most regulated financial institutions in North America, Europe, the Middle East, Africa and Asia Pacific. FS-ISAC reserves the right to decline participation for institutions on UN, EU, US or other sanctions list. Membership in FS-ISAC is not required.
There is no cost for regulated financial institutions to participate.
Send an email detailing your request to your regional support mailbox: CAPS-APAC@fsisac.com, CAPSEMEA@fsisac.com or CAPS-NA@fsisac.com. Include your registration number. DO NOT attempt to change or re-register on your own; it creates errors and duplications.
Pervasive vulnerabilities and cyber-attacks are a serious source of risk for today’s financial enterprises. Security breaches, system compromises and many other cybersecurity issues are common and can be severe. FS-ISAC CAPS enables you to put into practice your processes, plans and resources in response to a cyber-breach.
You assess your exercise experience and preparedness, while receiving insights on best practices and readiness at your organization and across the financial services industry.
You designate one person as the primary point of contact to register your company. Your primary contact receives all communications about the exercise, including the FS-ISAC Cyber-Attack Against Payment Systems Pre-Exercise Guide to help prepare for the exercise.
Early each morning of the two-day exercise, your primary contact receives an email with instructions, a link to retrieve the exercise for that day and a link to the daily survey. Each day, from your own premises and on your own schedule, your team reviews and discusses the information available and confidentially answers a set of survey questions.
Your primary point of contact acts as the exercise coordinator for your organization. They receive and disseminate all exercise information at your institution. They work through the 2019 FS-ISAC Cyber-Attack Against Payment Systems Pre-Exercise Guide to help identify those who should be involved and set up the calendar for the Exercise day meetings—in person, via conference call, etc. They or a designee may also act as the facilitator or leader of the team activities.
The secondary contact will only be needed in case of an emergency. They will not receive a second copy of the communications.
This confirms that you are a financial institution. You can look up your institution’s Routing Transit Number at http://routingnumber.aba.com.
This confirms that you are a financial institution. You can look up your institution’s code at BankSwiftCode.org.
At your premises, with our materials, your staff and your timing.
On average, teams work together for two hours each day of the exercise.
Your team may undertake the exercise at any time on each of the two days that best fits your participants’ and organization’s schedule. You will receive the material early in the day and the survey response is due by midnight, your local time.
No, it is a tabletop, simulated exercise. Participating will allow you to privately assess your systems and response plans.
After receiving your registration confirmations, you will receive an email with a link directing you to documentation that includes detailed information, guidelines and tips to help you successfully prepare for and undertake the exercise. You should read this guide when received, well in advance of the exercise date.
The exercise is an audio-embedded PowerPoint slideshow. The survey takes place online via SurveyMonkey.
Survey answers are private and submitted anonymously. You must keep a record of your answers. Responses are analyzed to produce an overall picture of how financial institutions are responding to cyber-attacks and what best practices emerge. Most organizations use the survey internally to assess and improve their incident response. Each team’s discussions throughout the exercise and the shared survey input provide them with immediate follow-ups from their experience.
Comparing an individual organization’s survey response with the aggregate response provides an informal gauge to strengthen an institution’s incident response to cyber-attacks.
In the month following the exercise, the survey results are tabulated for your region and across other regions. You will receive a copy of the results and be invited to a Webex presentation of the findings, hosted and facilitated by FS-ISAC. Results are also shared during the 2019 Europe and USA Fall Summits.
The surveys are completed anonymously; however some general demographic questions such as asset size, country code and industry help us to compile a useful benchmark-type report that most financial institutions find helpful. These results, combined with your extensive team discussions during the exercise, are qualitatively valuable as well.
Typically, the exercise includes the financial institution’s incident response team who would respond to a cyber-attack affecting customers using payment services.
Many institutions include information technology (IT), risk management, payment operations, customer service, communications, legal, line of business managers and decision-making incident response executives. Some ask external partners to be available for consultation during the exercise. A helpful list of possible areas is included in the FS-ISAC Cyber-Attack Against Payment Systems Pre-Exercise Guide.
The number of team members will vary by the size, type, structure and geography of the participant. The FS-ISAC Cyber-Attack Against Payment Systems Pre-Exercise Guide recommends the areas from which you might form your exercise group. Smaller organizations may have a handful or more of people who encompass the key incident response areas, while others may have many more.
You may have different participants on the two days. This occurs primarily when schedule conflicts require limited or split participation across the two days, and when your team reaches out to add or substitute representatives based on the events of the first day.
The exercise is continued across the two days, so its full value is derived from completing both days of the exercise and the survey.
The simulation is most effective when the event scenario is presented with specific, sometimes limited information and with a limited time in which to address. The exercise instructions are provided early the morning of each day. If you need time to review, prepare, translate, or provide other support to your team internally, we recommend you build that time into the exercise day schedule, prior to holding your first team meeting.
The exercise is designed to apply to all sizes of financial institutions with each user adapting it as necessary, “as they go,” to suit the specific organization participating.
Approximately 2,000 registered financial institutions participated in the 2018 FS-ISAC CAPS exercises.
Ninety percent of past FS-ISAC CAPS participants found good or significant value in the exercise and nearly 70 percent identified process improvements.
“The scenario deployment is really advanced, very detailed and very good and made us think a lot about multiple things that we need to take into consideration. We would like to participate every year.”
“It was a great experience and a very good opportunity to train and improve our procedures.”
“Our business teams learned a lot about IT security and the threats they work against.”
“Overall a good learning experience and has highlighted a few gaps in our existing run book and planning for such scenarios.”
FS-ISAC member volunteers work together with FS-ISAC staff to develop scenarios based on current trends and emerging threats; develop questions for discussion and response in the daily feedback survey, to help participating teams assess their preparedness; and script and record roles as members of the incident response team meetings presented in the exercise.