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Cyber attacks on UK financial firms surge

Posted On: Jul. 2, 2019 5:52 AM CST

U.K.-based financial services firms reported 819 cyber attacks to the Financial Conduct Authority in 2018, up 1,087% from 69 cyber incidents in 2017, Finextra reported. U.K.-based accountancy firm RSM International said that the companies cited third-party failure and hardware or software issues as root causes of the cyber incidents.

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