Category: Industry News

News and information from the Advent IM team.

FCA records 50% rise in serious cyber incidents at UK firms

Cyber incidents reported to the UK’s Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software. In total, the FCA received 116 reports of material cyber security incidents in 2021, up from 76 in 2020. According to the FCA, an incident may be material if it: • results in […]

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