Data breaches reported by UK financial services companies to the Financial Conduct Authority (FCA) increased 480% in 2018, to 145 up from just 25 in 2017, according to . The UK ’s Financial Conduct Authority ( FCA ) saw a 480 % rise in the number of data breach ##es from financial services firms in 2018 . Reported incidents for the year totalled 145 , compared with 120 in 2017 . Of this total , 34 were reported by wholesale financial markets companies , with insurers a close second at 33 , followed by consumer retail ##ing at 21 and retail banking at 11 . While the figures indicate a rise in cyber attacks , enterprises may simply be changing how they recognise and report breaches .
The UK ’s Financial Conduct Authority ( FCA ) saw a 480 % rise in the number of data breach ##es from financial services firms in 2018 . Reported incidents for the year totalled 145 , compared with 120 in 2017 . Of this total , 34 were reported by wholesale financial markets companies , with insurers a close second at 33 , followed by consumer retail ##ing at 21 and retail banking at 11 . While the figures indicate a rise in cyber attacks , enterprises may simply be changing how they recognise and report breaches .