Financial Firm Breach Reports Drop 30% as Incidents Rise - Infosecurity Magazine
Data breach incidents reported to the UK’s financial regulator dropped by nearly a third from 2019 to 2020, although experts claim this is far from an accurate picture of the current threat landscape. Governance and risk firm Kroll requested Freedom of Information (FoI) data from the Financial Conduct Authority (FCA) to better understand the level of cyber-breach activity in the sector. However, the data received, a 30% year-on-year drop in reported breaches to just 76 in 2020, was at odds with its own figures. These showed a 56% average increase in incidents over the same time period acro...