Israel’s Banking Supervision Department conducted a nationwide cybersecurity drill to assess the resilience of its financial system against major cyberattacks. The exercise, involving all supervised banking entities and key government bodies, simulated a range of escalating cyber incidents, including the potential use of artificial intelligence by attackers. Officials stressed that while total prevention of cyber risks is unattainable, proactive measures and effective response strategies are crucial for maintaining the stability of the banking system. This drill underscores the growing imperative for institutions globally to bolster their defenses against the increasing sophistication of cyber threats, thereby enhancing public confidence in financial services.