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Financial Conduct Authority

Travelex owner Finablr 'on verge of collapse' two months after ransomware outage
Travelex owner Finablr 'on verge of collapse' two months after ransomware outage

Travelex systems went down for a month following a ransomware outage launched on New Year’s Eve

  • Management
  • 16 March 2020
Twelve-fold increase in cyber crime incident reports to the FCA since 2017
Twelve-fold increase in cyber crime incident reports to the FCA since 2017

Reported security incidents on financial services increase from 69 in 2017 to 819 in 2018 - with 93 outright cyber attacks

  • Security
  • 02 July 2019
Tesco Bank fined £16.4m by FCA over 2016 cyber attack
Tesco Bank fined £16.4m by FCA over 2016 cyber attack

Fine negotiated down from £33.6m for compensating customers quickly and agreeing early settlement with FCA

  • Security
  • 01 October 2018
Financial Conduct Authority seeking three IT leaders to support IT transformation and manage supplier relations
Financial Conduct Authority seeking three IT leaders to support IT transformation and manage supplier relations

FCA is seeking a head of regulatory systems and two divisional service leads

  • Leadership
  • 09 April 2018
FCA opens investigation into the potential for blockchain in financial services
FCA opens investigation into the potential for blockchain in financial services

FCA looking for answers over the question of blockchain and distributed ledger technology in financial services

  • Software
  • 12 April 2017
City regulator FCA admits losing thousands of sensitive documents
City regulator FCA admits losing thousands of sensitive documents

Regulator forced to admit to multiple data breaches following Freedom of Information request

  • Cloud and Infrastructure
  • 09 January 2017
Over half of UK banks have insecure SSL implementations associated with login functions
Over half of UK banks have insecure SSL implementations associated with login functions

Xiphos Research co-founder says some of the instances are 'shockingly bad' but that banks aren't interested in mitigating risks

  • Security
  • 08 January 2016
iSoft directors banned for their part in accounting scandal
iSoft directors banned for their part in accounting scandal

Timothy Whiston and John Whelan banished by the Institute of Chartered Accountants

  • Software
  • 22 December 2015
Financial regulators to scrutinise use of big data next year
Financial regulators to scrutinise use of big data next year

JCESA to make sure that consumers are protected and that financial firms fulfil their obligations

  • Strategy
  • 09 October 2015
RBS accused of 'falsifying' customer information in breach of Data Protection Act - UPDATED
RBS accused of 'falsifying' customer information in breach of Data Protection Act - UPDATED

RBS tells Computing it takes obligations under the Data Protection Act "very seriously"

  • Privacy
  • 28 September 2015
Financial Conduct Authority wastes £3.2m on Oracle licences it did not need
Financial Conduct Authority wastes £3.2m on Oracle licences it did not need

FCA thought it was getting a bargain but then realised it didn't need all the licences it had bought

  • Government
  • 11 September 2015
Hundreds of thousands of HSBC customers unpaid due to IT glitch
Hundreds of thousands of HSBC customers unpaid due to IT glitch

Bacs glitch raises prospect of a cash-strapped bank holiday for those affected

  • Business Software
  • 28 August 2015
RBS, Natwest, Ulster Bank customer payments are 'missing' in new IT failure
RBS, Natwest, Ulster Bank customer payments are 'missing' in new IT failure

600,000 transactions affected after another IT disaster at RBS

  • Software
  • 17 June 2015
Banks' IT ring-fencing headache
Banks' IT ring-fencing headache

UK banks will soon start work on ring-fencing their 'core activities' by order of regulators - and that will mean at least four years of IT pain in order to do the job properly

  • Strategy
  • 21 January 2015
RBS fined £56m for massive IT failures
RBS fined £56m for massive IT failures

IT meltdown in summer 2012 left customers exposed, says Financial Conduct Authority

  • Finance and Reporting
  • 20 November 2014
RBS facing fine of 'tens of millions of pounds' for 2012 IT failure
RBS facing fine of 'tens of millions of pounds' for 2012 IT failure

IT failure left customers without access to money for several days and caused payments chaos

  • Software
  • 03 November 2014
Lloyds Banking Group to recruit RBC CIO Morteza Mahjour
Lloyds Banking Group to recruit RBC CIO Morteza Mahjour

Mahjour to fill vacancy left by Darryl West, who jumped ship to Barclays

  • Careers and Skills
  • 08 July 2014
Bank of England launches cyber test scheme for UK financial services providers
Bank of England launches cyber test scheme for UK financial services providers

CBEST is aimed at improving financial firms' understanding of cyber attacks that could threaten the UK's financial stability

  • Security
  • 10 June 2014
Banks' IT to be investigated by regulator following computer failures
Banks' IT to be investigated by regulator following computer failures

Financial Conduct Authority to examine big banks' IT following repeated glitches

  • Security
  • 28 March 2014

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New SolarWinds hack victims emerging every day, as Malwarebytes goes public on breach
Google locks out another top AI ethicist
Google locks out another top AI ethicist
Hackers publish data stolen from SEPA as the agency refuses to pay ransom
Hackers publish data stolen from SEPA as the agency refuses to pay ransom
Hacker leaks data of more than 2 million dating site users
Hacker leaks data of more than 2 million dating site users
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