Cyber attacks on UK financial firms surge

Source: Business Insurance

July 02, 2019 U.K.-based financial services firms reported 819 cyber attacks to the Financial Conduct Authority in 2018, up 1,087% from 69 cyber incidents in 2017, Finextra reported. U.K.-based accountancy firm RSM International said that the companies cited third-party failure and hardware or software issues as root causes of the cyber incidents.