The UK’s FCA has sent more than 4,000 staff on mandatory cybersecurity training

May 18, 2021

The UK’s Financial Conduct Authority (FCA) has sent over 4,000 staff on cybersecurity training to help combat online threats.

Over the past two financial years, the FCA has sent 4,430 of its staff on a compulsory cyber and information security courses to help combat the growing threat of financial crime, such as money laundering and fraud.

This information was provided via The Parliament Street think tank under the Freedom of Information Act.

In addition to the Cyber and Information Security eLearning course, which is compulsory for all staff, 217 participants were enrolled into locally organised security courses for advanced training.

These courses included Cyber Security training with a Counter Threat Unit; Software and Cyber Security development programmes, and additional courses titled ‘The Cyber Security Degree: the Next Step in Cyber’, and ‘The First Byte’.

Commenting on the stats, Encompass Corporation CEO Wayne Johnson said, “With a surge in newly launched FinTechs, alongside expanding traditional banks, the FCA has a complex remit that requires the highest technical skills in order to investigate and enforce. This data also shows the huge investment regulatory authorities are putting in place to hold organisations to account.”