FCA upskills thousands of employees with compulsory cyber crime training

Staff sent to compulsory training courses

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...