FCA: Bad Tech Leads to Cyberattacks

UK regulator warns of firms' inability to manage system failures and cyber attacks as reports in incidents are on the rise.

Data security

Re-platforming, migrating data, outsourcing failures and skills shortages are just some of the drivers behind the past year’s jump in reported security threats and technology incidents, and the trouble isn’t over. 

During a Bloomberg-hosted event on technology in financial services on November 27, Megan Butler, director of supervision for investment, wholesale and specialist at the Financial Conduct Authority (FCA), stated in a keynote speech that the regulator could “see no immediate end in

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