Join our community of smart investors

Finance sector hit by cyber attacks during Covid crisis

Cyber security incidents involving financial services companies have soared this year, an Investors Chronicle investigation can reveal
Finance sector hit by cyber attacks during Covid crisis
  • Reported cyber security incidents in the UK rose more than 50 per cent in early 2020
  • Historic documents show trading platforms are among those reporting personal data breaches in recent years
  • While introducing new risks for many businesses, remote working has been a boon for listed cyber security firms 

Personal data breaches caused by cyber attacks on financial companies have surged during the Covid-19 crisis, new figures reveal, potentially exposing investors’ sensitive information to criminals. 

Between January and June, the finance, insurance and credit sector reported at least 122 cyber security incidents to the UK regulator under the General Data Protection Regulations, an increase of more than 54 per cent on the same period last year. 

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in