FSA’s cyber resilience review ‘may reveal shortfalls’

Review of 30 financial institutions will lead to first new guidance in seven years

computer security

The UK Financial Services Authority's (FSA) review of cyber and technology practices in 30 major financial institutions may highlight serious weaknesses, a senior consultant warns.

"I am worried that it's going to show that banks and insurance companies aren't as good as we the customers think they are at protecting our data and our money," warns Steve Holt, practice leader for financial services information security in Europe, the Middle East, India and Africa at Ernst & Young.

The review

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