The invisible threat - 'Cyber crime does exist'

But internet offers answers as well as danger

Tom Ellis
clock • 4 min read

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

Join

 

Already a Professional Adviser member?

Login

More on Technology

Advisers need to find their technology 'superpower'

Advisers need to find their technology 'superpower'

‘Advice firms need to decide where they want to put their tech focus’

Isabel Baxter
clock 28 March 2024 • 1 min read
Technology is driving a financial planning revolution

Technology is driving a financial planning revolution

'Don't underestimate what can be achieved in the next decade'

Ben Goss
clock 21 March 2024 • 4 min read
Second wave of AI investment calls for more diversification

Second wave of AI investment calls for more diversification

Investors urged to think outside the box and away from technology

Hope Coumbe
clock 20 March 2024 • 2 min read