What the Cyber Security and Resilience Bill means in practice

Managing cyber compliance in financial services

clock • 4 min read

Mike Perez delves into the Cyber Security and Resilience Bill and urges firms to start assessing the legislation now, not when it finally lands

It should not surprise us all now to state that financial advice and wealth management firms are an attractive target for threat actors. ShinyHunters, the extortion-focused hacking group linked to breaches at US-based advisory firms Mercer Global Advisors and Beacon Pointe, is a recent example of how directly that attention is being directed at the sector. The group has been linked to several high-profile breaches and is known to US and foreign authorities and millions of records from both firms have since appeared on the dark web. Organised international cybercrime has reached thi...

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

Half of advisers use technology for Consumer Duty compliance

Half of advisers use technology for Consumer Duty compliance

Advisers not aware of digital tools that can help

Sophia Panayi
clock 04 September 2026 • 2 min read
The human advantage: Why better AI raises the value of good advice

The human advantage: Why better AI raises the value of good advice

Raising the standard of understanding

Elly Dowding and Lee Coates
clock 04 September 2026 • 4 min read
Marloo adds Morningstar research and data to AI platform

Marloo adds Morningstar research and data to AI platform

Available to UK adviser users

Sophia Panayi
clock 02 September 2026 • 1 min read