Cyber Issues On The FCA's Radar

On 11 March 2020 the FCA published new research on cyber security. The research is the product of its Cyber Coordination Groups (CCGs) which were created through an FCA initiative in 2017. The CCGs bring together over 185 financial services firms, grouped by various sub-sectors¹. They meet quarterly to discuss emerging cyber risks and share their views and experience on how best to address those risks. The content of those discussions is then fed back to the FCA. The research, 'Insights from the Cyber Coordination Groups'², sets out some of the feedback from the CCGs across four specific themes: cyber risks, identity and access management, malicious emails, and third parties and supply chains.