The UK financial sector is struggling to master basic cybersecurity and lacks the skills required to address the problem, a review from the Financial Conduct Authority has warned. Nausicaa Delfas, the FCA's acting COO who previously led its approach to IT and cyber resilience, said that the re-emergence of ransomware and the development of innovative and dangerous criminal networks have been particular features of the past 12 months. Although tools to manage vulnerabilities are well established, many organisations either don't use them or use them ineffectively, she added. In an interview with BBC Radio 4's Today programme, Ms Delfas said: "We need to be able to understand what these criminals do in order to stop them.
The UK financial sector is struggling to master basic cybersecurity and lacks the skills required to address the problem, a review from the Financial Conduct Authority has warned. Nausicaa Delfas, the FCA's acting COO who previously led its approach to IT and cyber resilience, said that the re-emergence of ransomware and the development of innovative and dangerous criminal networks have been particular features of the past 12 months. Although tools to manage vulnerabilities are well established, many organisations either don't use them or use them ineffectively, she added. The FCA advised that organisations share information about cyber threats and better educate employees.