The majority of financial firms rank cyber-resilience as their top concern, with people, visibility and third-party risk key challenges, according to the Financial Conduct Authority (FCA).
The UK regulator’s latest report, Cyber and Technology Resilience: Themes from cross-sector survey 2017 – 2018, is based on interviews with nearly 300 firms over the past 24 months.
The number of technology outages reported to the FCA over the past year increased 138%, with cyber-attacks accounting for 18% of operational incidents.
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