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UK finance firms faced a torrent of ransomware attacks in 2023 as threat actors ramped up activities | #ransomware | #cybercrime


The number of ransomware incidents reported to the UK’s Financial Conduct Authority (FCA) doubled in 2023, indicating a relative boom in activity compared to the previous year.

A freedom of information request submitted to the regulatory body by Picus Security reveals the FCA received 51 cyber incident reports in the first half of 2023, marking a 10% increase on the same period in 2022.





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