FCA updates incident and third-party reporting rules with cyber-attacks on the up

Regulator realises attacks are becoming ‘more frequent and more sophisticated’

Isabel Baxter
clock • 2 min read

The Financial Conduct Authority (FCA) has made updated rules aiming to make existing incident and third party reporting clearer, more consistent, and easier for firms to follow.

The regulator today (18 March), set out that these rules will help it respond quickly to disruption such as a cyber-attack or power outage and give firms greater certainty on what to report and when, as well as strengthen firm resilience to better protect consumers and markets. Cyber-attacks are becoming more frequent and more sophisticated, the FCA noted, which means firms are increasingly reliant on third party providers. The watchdog highlighted that in 2025, more than 40% of cyber incidents reported to it involved a third party and it has seen several recent high-profile incidents...

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