Financial advisers and pension providers reported just two data breaches to FCA in four years

The Financial Conduct Authority (FCA) was made aware of just two data breaches by financial advisers and pension providers between March 2013 and May 2017.

Data breaches reported to the FCA were very few compared to the number of data breaches investigated by the ICO in the same period.

Back in July, the Information Commissioner's Office revealed a 25 percent rise in incidents of data theft suffered by financial services in the UK. In fact, financial services reported a total of 140 data breaches between April 2016 and March 2017, compared to just 73 between April 2013 and March 2014.