Cybersecurity for Financial Services
FCA-regulated firms face the most demanding cybersecurity and operational resilience requirements of any UK sector. APP fraud, ransomware, and third-party supply chain attacks are rising. Here is everything you need to stay compliant and protected.
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FCA Cybersecurity Requirements
FCA fined Tesco Bank £16.4M in 2018 for failing to prevent a cyberattack — the largest cyber-related fine in UK financial services at the time.
Tesco Bank Cyber Attack
FCA fined Tesco Bank £16.4M in 2018 — 9,000 accounts drained of £2.26M overnight in November 2016. The largest cyber-related fine in UK financial services at the time.
APP Fraud and Cybersecurity
£459 million lost to APP fraud in the first half of 2023 — the majority enabled by business email compromise and social engineering.
Ransomware in UK Financial Services
The financial sector is the most targeted industry for ransomware in the UK — NCSC Cyber Threat Report.
The Complete Cybersecurity Guide for UK Financial Services Firms
UK financial services is the most targeted sector for cyber attacks in the UK — and faces the highest regulatory consequences for inadequate controls.
Financial Services Cyber Risk Assessment Tool
FCA thematic reviews consistently find that more than 60% of smaller regulated firms have significant cybersecurity gaps — particularly in incident response, third-party risk, and MFA.
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Protect your firm and satisfy the FCA
Kyanite Blue works with FCA-regulated firms — wealth managers, IFAs, payment firms, and insurers — building the security programmes that PS21/3 and DORA require.
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