It has been reported that, in 2021, the FCA experienced a 52% increase in reports of “material” cyber security incidents and we expect this upward trend to continue into 2022. The rise in ransomware in particular was highlighted in the very recent paper published by UK Finance, which called on UK authorities to focus on
Regulation Tomorrow Plus podcast – Beyond Sanctions series – Cyber resilience
In this episode of our Beyond Sanctions series, Steve Hadwin (Director, Head of Operations – Information Governance, Privacy and Cybersecurity) and Haney Saadah (Head of Risk Consulting, EMEA) discuss the FCA’s recent announcement concerning cyber security in light of the events in Ukraine and what boards should be thinking about.
The podcast is available to
The UK’s ICO issues a monetary penalty notice to professional services firm after ransomware attack
On 10 March 2022, the Information Commissioner’s Office (ICO) issued a monetary penalty notice to a professional services firm (the Firm) to the tune of £98,000 for a breach of Article 5(1)(f) of the General Data Protection Regulation (GDPR).
The Firm was the victim of a ransomware attack which it first became aware of on