The Financial Conduct Authority received 238,711 malicious and unsolicited emails in one three month period in 2020, according to a Freedom of Information request.

The Chancellor of the Exchequer and the Bank of England have revealed there will be “severe” new standards in cyber security for financial firms, which are set to be unveiled this year.

Platform provider Zurich has warned advice firms that they are facing a rising threat from cybercrime.

The Financial Conduct Authority has confirmed that it will investigate a ‘cyber security’ break at data provider Equifax which hit nearly 700,000 UK consumers.