Number of cyber incidents reported by financial services firms explodes

News and information from the Advent IM team.

The number of cyber incidents financial services firms reported to the Financial Conduct Authority (FCA) rocketed in 2018, data published today reveals. Financial services firms reported 819 cyber incidents to the FCA in 2018, up from 69 in 2017, according to data obtained in a freedom of information request by accountancy firm RSM.

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