FCA upskills thousands of employees with compulsory cyber crime training

Staff sent to compulsory training courses

clock • 2 min read

The Financial Conduct Authority (FCA) has sent 4,430 of its employees on compulsory cyber crime and information security courses over the past two financial years, a policy think tank has revealed.

The data, obtained under the freedom of information request by The Parliament Street think tank, revealed the threat posed by financial cybercrime and the potential shortcoming in cybersecurity skills among FCA employees. The FCA revealed that as well as the ‘Cyber and Information Security' e-learning course, which is compulsory for all staffers to complete, 217 participants were also enrolled on locally organised security courses for more advanced training. The intention of the training is to help combat the growing threat of financial crime, such as money laundering and fraud. Th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Deep Dive: 'Confusing' post-Brexit regulation still needs 'ironing out'

Deep Dive: 'Confusing' post-Brexit regulation still needs 'ironing out'

Impact not fully understood

Cristian Angeloni
clock 16 February 2024 • 4 min read
FCA quizzes 20 advice firms on Consumer Duty compliance

FCA quizzes 20 advice firms on Consumer Duty compliance

Focus on ongoing services

Sahar Nazir
clock 15 February 2024 • 1 min read
FCA: More than 10,000 'misleading' financial ads withdrawn in 2023

FCA: More than 10,000 'misleading' financial ads withdrawn in 2023

The watchdog records 17% surge in interventions to protect consumers

Sahar Nazir
clock 14 February 2024 • 1 min read
Trustpilot