Financial firms reported 819 cyber incidents to the FCA in 2018.

New data obtained by RSM under a freedom of information request has revealed that financial services firms reported 819 cyber incidents to the Financial Conduct Authority (FCA) in 2018, a huge rise on the 69 incidents reported in 2017. The retail banks were responsible for the highest number of reports (486), almost 60% of the total. This was followed by wholesale financial markets on 115 reports and retail investment firms on 53.


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