With advisers continually having to be on their toes to protect themselves and their clients from the growing threat of cyber crime, writes Tom Ellis, strong cyber-security measures are now a financial services essential
Half a billion records have been lost around the world as a result of data breaches, the Financial Conduct Authority (FCA) warned delegates at last year's FT Cyber Security Summit, while 430 million new malware variants were discovered in 2015 alone. By themselves, such numbers would be enough to make most people a bit queasy about their digital security but - as the regulator's then director of specialist supervision and current acting chief operating officer Nausicaa Delfas also told the Summit - at the time of making her speech last September, there had already been 75 cyber-attacks o...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes