Financial services firms reported 819 cyber incidents to the FCA last year
Six percent of cyber incidents were reported by the general insurance and protection sector.
The Financial Conduct Authority (FCA) has seen a rise of 1087% in cyber incidents reported by financial services firms in 2018, compared to 2017 when there were 69 attacks.
This was revealed by RSM UK, upon recieving data following a freedom of information request.
Retail banks reported the highest number of incidents (486); wholesale financial markets reported 115; while general insurance and protection reported 49. This was roughly 6% of the total number of reported incidents.
The main
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