On June 19, the Financial Conduct Authority (FCA) published an infographic to help firms develop good cybersecurity practices. The FCA also has updated its cyber resilience webpage (for further information on the webpage, please see the Corporate & Financial Weekly Digest edition of May 26, 2017).
The infographic highlights a number of alarming statistics, such as the 1,700% increase in cyber-attacks reported to the FCA from 2014 (five reported attacks) to 2016 (90 reported attacks) and that 54% of UK businesses in the financial sector have been attacked by ransomware.
The infographic features a number of best practices to combat cyber-attacks, including managing risk, using encryption, gaining accreditation and raising awareness of cybersecurity among staff.
The infographic is available here.