Over 4,000 FCA staff complete mandatory cyber training

FCA spends $26,990 on cyber security course

The UK’s Financial Conduct Authority has sent more than 4,000 staff on mandatory cyber and information security courses since 2019.

According to data released under a freedom of information request, the FCA revealed all staff have to complete an e-learning course on cyber and information security.

Since 2019, 4,430 staff have completed the online course, including 52 new staffers who joined the regulator during the 2020–21 financial year. The majority of staff taking the course came from the supervision department (37.2%)

A large proportion of staff from the operations (19.7%) and enforcement and market oversight (16.8%) departments also took the course. A total of 398 staff from the chief executive’s office also participated in the training.

The e-learning course has cost the FCA £19,000 ($26,990) over the past two years.

An additional 217 staffers completed more “advanced” training through locally organised security courses, the FCA said.

The additional training courses included cyber risk and counter-threat training. Courses on software and development programmes, as well as forward-looking training on the future of cyber security, were also offered.

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