Number of cyber-attacks reported to FCA rose by 80% in 2017
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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Broker launches first tool as part of AI roll out
Broker Miller has launched a new AI tool for colleagues, based on technologies from Microsoft and OpenAI.
Review of the Year 2023: Acrisure’s Mark McIlquham
In the first of our ‘Review’ series Mark McIlquham, president of Acrisure UK Retail, reflects on whether the 15-year cycle will see a large insurer buy a large broker, and how he’d recast the Barbie film with senior figures from its ‘network dream team’
People Moves: 27 November – 01 December
Follow the latest personnel moves in insurance.
Blog: Surety Bonds support construction clients through challenging times
Factors such as higher inflation, fluctuating interest rates, and labour shortages, mean the construction sector faces ongoing challenges. Hannah Sewell-Moore, surety manager, Kerry London, explains how a wholesale surety bonds broker can support these clients through the contract bidding process.
Rokstone launches contingency portfolio
Managing general agent Rokstone is launching a contingency portfolio promising a same-day quote turnaround for brokers.
Ecclesiastical strikes third scheme deal of 2023 with Towergate Care
Ecclesiastical has continued its expansion into the scheme space by partnering with Towergate Care to offer property capacity for larger care home providers.
Prestige teams with Open GI on Coverall update
Prestige Underwriting has partnered with Open GI to launch a refreshed version of its non-standard home proposition, Coverall.
Blog: Paul Tasker on brokers’ anti-money laundering responsibilities and actions
Paul Tasker, CEO of Reg Technologies, sets out responsibilities and a ‘must do’ list for brokers to deliver their crucial role in the fight against money laundering.