Category: Industry News

News and information from the Advent IM team.

FCA records 50% rise in serious cyber incidents at UK firms

Cyber incidents reported to the UK’s Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software. In total, the FCA received 116 reports of material cyber security incidents in 2021, up from 76 in 2020. According to the FCA, an incident may be material if it: • results in […]

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ICO fines City Law firm £98,000 for data breaches following ransomware attack

The UK Data protection authority, the Information Commissioner’s Office (“ICO”), has fined Tuckers Solicitors £98,000 for multiple data breaches relating to the disclosure of their client’s court documents which were published on the dark web. This followed a ransomware attack by a hacker which resulted in 972,191 files being stolen from the firm. Read the […]

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UK ransomware attacks double in past year

Ransomware attacks have more than doubled in the past year, driven by their increasing profitability for scammers. New data from international law firm RPC revealed that the number attacks reported to the Information Commissioner’s Office has increased 100 per cent from 326 in 2020 to 654 in 2021. Attacks often bring operations to a standstill, […]

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