UK financial firms lack ‘basic cyber hygiene’, says FCA
Financial regulator says it will challenge firms more regularly on cyber security
Given recent high-profile cyber attacks, such as the $81 million Bangladesh Bank theft, the UK Financial Conduct Authority (FCA) is reviewing how it can better challenge firms on cyber risk, delegates at Cyber Risk Europe heard today (June 14).
Speaking at the event in London, Nausicaa Delfas, director of specialist supervision at the FCA, said the regulator was planning to probe firms' preparedness in more detail, having found worrying vulnerabilities. "In many firms that we've looked at, basic
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