Financial services firms reported 819 cyber incidents to the FCA last year

cyber-padlock

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

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: