The Financial Conduct Authority has fined financial data provider Equifax Ltd £11.164m for cyber-security failures which exposed the records of 13.8 consumers.

Cyber security incident reports to the Financial Conduct Authority (FCA) rose 52% in 2021, with 116 reports received.

The FCA, alongside the Bank of England and Prudential Regulation Authority, has published a joint discussion paper on the resilience of firms in the face of hackers and cyber-attacks.

The Culture, Media & Sport Committee has published a report today recommending a new custodial sentence of up to two years for those convicted of unlawfully obtaining and selling personal data.