The exercise was named, “Collective Strength” and included officials from Thailand, the United States, the United Kingdom, the United Arab Emirates, Austria, Switzerland, Germany, Italy, and the Netherlands, as well as delegates from the International Monetary Fund, the World Bank, and Bank of International Settlements.

According to the Reuters report, the fake cyber-attack took place over the course of 10 days and involved fake news reports and sensitive data appearing on the Dark Web, simulating sending global markets into meltdown and causing a run on banks.

The Israeli government says such threats must be taken seriously and viewed as very real risks, given recent well-documented cyber-attacks on large firms. Micha Weis from the country’s Finance Ministry, says damage limitation can only be achieved through countries working together, as internet security may not always be strong enough to protect against every threat.

According to