We’ve confirmed new rules to make existing incident and third party reporting clearer, more consistent, and easier for firms to follow.
These new rules will help us respond quickly to disruption such as a cyber attack or power outage, give firms greater certainty on what to report and when and strengthen firm resilience to better protect consumers and markets.
Cyber attacks are becoming more frequ...
The article presents a carefully calibrated narrative of increasing vulnerability within the UK financial sector, designed to justify regulatory intervention. The framing is almost entirely reactive – focused on *responding* to increasingly frequent and sophisticated threats rather than proactively addressing systemic weaknesses. The “40%” statistic regarding third-party cyber incidents, while alarming, is presented without a critical examination of the *nature* of those third parties – are they...