The Financial Conduct Authority recently released guidance regarding cyber resilience (in the form of new webpages) which FCA regulated firms should take account of. While many larger regulated firms have substantial cyber resilience systems in place, the FCA is well aware that all firms are still vulnerable to attack, and that cyber attacks can

A report by PWC on the Global State of Information Security Survey identified that 2014 saw a 48% increase of security incidents over 2013, with the resulting financial loss increasing by an average of 34%. In the United States, President Obama called cyber threats from overseas a ‘national emergency’; and the UK Department of Business