PIMFA
Cyber Security
Cyber Security refers to the practices, technologies, and measures required to protect sensitive financial information, systems, and infrastructure from unauthorised access, disclosure, alteration, or destruction. It involves safeguarding firms and individuals against cyber threats such as hacking, data breaches, malware, phishing attacks, and other forms of cybercrime.
- CYBER SECURITY WORKING GROUP
The PIMFA Cyber Security Working Group shares intelligence, explores a wide range of issues impacting our sector, and develops best practices and guidance.
Previous work includes:
- Cyber Security Framework mapping
- Artificial Intelligence (AI) potential impacts on cyber Security
- Cyber Security when travelling and working from home
- Reviews of case studies and learnings
- Cyber Security strategies and culture
If you are interested in joining this member only group, please contact Maria Fritzsche.
Maria Fritzsche
Senior Policy Adviser - Operational Policy, Regulation and Innovation Lead
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latest news
Department for Science, Innovation and Technology (DSIT) launches Cyber Resilience Pledge
DSIT has launched a new Cyber Resilience Pledge, with more than 60 organisations already committing to strengthen their cyber security practices. Signatories agree to make cyber security a board level responsibility, register for the National Cyber Security Centre’s Early Warning service and take a risk based approach to promoting Cyber Essentials certification across their supply chains.
The initiative signals the Government’s continued focus on improving cyber resilience across the UK economy and comes ahead of the forthcoming National Cyber Action Plan, which is expected to set out further measures to address evolving cyber threats, including those associated with AI.
HMT Highlights the Value of Operational Resilience
HMT has published a new report exploring the economic and financial benefits of operational and cyber resilience. The report highlights evidence that organisations with stronger resilience capabilities are better able to withstand disruption, recover more quickly and support long term growth. It also argues that resilience should be viewed as a strategic investment that enables innovation and confidence, rather than solely a compliance cost.
Financial Conduct Authority (FCA) publishes its first Technology Horizon Scan Report for Financial Services
The Technology Horizon Scan report highlights how emerging technologies such as AI and distributed ledger technologies (DLT) could combine to create new opportunities and associated risks for consumers, firms, and markets. The report is not intended as regulatory guidance, but as an aid to facilitate informed debate and knowledge-sharing across the UK’s financial service ecosystem.
Key themes include the rise of AI tools and agents in personalised intelligence, growing financial crime risks from the speed and scale of AI deployment and the expansion of programmable finance using DLT, tokenisation, and digital currencies.
The report outlines a significant opportunity for UK firms to harness these technologies to drive innovation, strengthen cyber resilience and deliver better outcomes for consumers and markets.
Read the full report here.