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...

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