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The Week in Cyber Security and Data Privacy: 30 October – 5 November 2023

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Records breached: 815,000,000 Milford Management Corp. Advarra says “a limited amount of company data” was “acquired” and its investigation is ongoing.

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FCA Publishes Wholesale Banks and Asset Management Cyber Multi-Firm Review Findings

Data Matters

The UK Financial Conduct Authority (“ FCA ”) has carried out a multi-firm review of cybersecurity practices with a sample of 20 firms in the wholesale banking and asset management sectors (the “ Report ”). The Report provides a number of useful takeaways for all firms to consider in relation to their cybersecurity management.