The UK ’s Financial Conduct Authority (FCA) saw a 480% rise in the number of data breach reports from financial services firms in 2018 . Reported incidents for the year totalled 34 , compared with 34 in 33 . Of this total, 34 were reported by wholesale financial markets companies, with insurers a close second at 33 , followed by consumer retail lending at 21 and retail investments at 25 . While the figures indicate a rise in cyber attacks, enterprises may simply be improving how they recognise and report breaches.
The UK’s Financial Conduct Authority (FCA) saw a 480% rise in the number of data breach reports from financial services firms in 2018. Reported incidents for the year totalled 145, compared with 25 in 2017. Of this total, 34 were reported by wholesale financial markets companies, with insurers a close second at 33, followed by consumer retail lending at 21 and retail investments at 11. While the figures indicate a rise in cyber attacks, enterprises may simply be improving how they recognise and report breaches.