Financial firms not getting basics right on cyber - UK watchdog
Share:
LONDON (Reuters) - Financial firms are overly confident about their ability to manage large IT projects and many have yet to get the basics right on cyber defences, a senior regulator said on Tuesday.Outages at banks like TSB have left thousands of customers without banking services and British lawmakers have opened an investigation into such incidents."On the basis of the data that the FCA is currently collecting, we see no immediate end in sight to the escalation in tech and cyber incidents..