Number of cyber-attacks reported to FCA rose by 80% in 2017

cyber-attack

Financial services firms urged to take action after 69 material attacks were declared to the regulator last year.

The number of cyber-attacks against financial services companies reported to the Financial Conduct Authority (FCA) has risen by more than 80 percent in the last year, according to RSM UK.

A total of 69 material cyber incidents were declared to the FCA in 2017, an increase from 38 in 2016 and 24 in 2015.

These figures were revealed by the FCA’s head of technology, resilience and cyber Robin Jones in a speech at the PIMFA Financial Crime Conference on 25 January 2018.

Regulated financial

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