FCA reveals 138% increase in reported tech outages
Regulator highlights 18% are cyber-related.
There is no immediate end in sight to the rise in tech and cyber incidents hitting UK financial services, Megan Butler, executive director of supervision – investment, wholesale and specialists at the Financial Conduct Authority (FCA) has warned.
Speaking yesterday (27 November) at Bloomberg in London, Butler told the audience that the FCA starts from a position that innovation has had a fundamentally positive impact on UK finance.
However, from a regulatory perspective it also creates new
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