FCA Updates Cyber Incident and Third-Party Reporting Rules

(Phil Muncaster – Infosecurity Magazine) The UK Financial Conduct Authority (FCA) has issued new rules designed to give firms more certainty about what cyber‑related incidents to report and when, in order to bolster their cyber and business resilience. The financial services regulator said the update came after industry feedback that organizations often aren’t clear on what to report and what information to provide when they do. “Resilience is being tested like never before, with firms facing growing cyber threats and increasing reliance on third parties to deliver the essential financial services consumers rely on,” said FCA director of specialists and wholesale sell-side, Mark Francis. – FCA Updates Cyber Incident and Third-Party Reporting Rules – Infosecurity Magazine