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FCA Warns Asset Management Firms Have Inadequate Cyber Security

8 February 2019by Abdallah Alhajeid

The Financial Conduct Authority (FCA) has warned that the UK asset management and wholesale banking sectors still suffer from a lack of cyber security expertise and preparedness in the event of a cyber attack. The FCA, ‘Wholesale banks and asset management cyber multi-firm’ review confirmed that many of the top 20 asset management companies were risking severe harm to...