Cyber incidents reported to the UK’s Financial Conduct Authority (FCA) have risen over 50 percent, according to a Freedom of Information (FOI) request from Picus Security.
The FCA regulates the activity of more than 50,000 financial services firms and received 116 reports of material cyber security incidents in 2021, up from 76 in 2020 (an increase of 52 percent).
The report found that:
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