UK FCA Cyber Coordination Group Insights 2024

The UK Financial Conduct Authority (FCA) published a summary of discussions held throughout 2024 with industry members of the FCA's Cyber Coordination Group programme. The publication is not intended to introduce any additional regulatory expectations. The FCA states that it is making the insights widely available so that firms can consider them, within the context of the FCA's existing expectations, to learn from other firms and to help strengthen their cyber resilience capabilities. They included insights from both members' positive and more challenging experiences of the issues, and focus on three key topics: i) the reconnection framework and third-party management; ii) threat and vulnerability management and threat-led penetration testing; and iii) AI and other emerging technologies, including quantum computing.

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