Firms are failing to harness cyber security basics, says FCA

“Many organisations believe that they are getting the basics [of cyber security] right, but the reality is often not the case,” Nausicaa Delfas – who is executive director at the Financial Conduct Authority – told the Financial Information Security Network on 24 April. A recent report [1] found that ten vulnerabilities accounted for 85% of successful breaches, she noted. The “vast majority” of these vulnerabilities were well known and had fixes available at the time of the attack.