Cyber risk has shifted from a technical issue to a systemic one and Britain’s financial regulators are making that reality unmistakably clear. On March 18, 2026, the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Bank of England announced a new, unified cyber and operational resilience framework that strengthens the requirements on how firms […]
UK data protection
UK’s Data Protection Regulator fines a UK SaaS provider ~$4 million following a ransomware incident
On March 26, 2025, the UK data protection regulator (the Information Commissioner’s Office (“ICO”)) fined Advanced Computer Software Group Ltd (“Advanced”) £3.07 million (approximately $4 million). In 2022, Advanced suffered a ransomware incident that put the personal data of 79,404 people at risk. In its penalty notice, the ICO found that Advanced failed to implement […]
UK Information Commissioner’s Office Issues Warning on Ransomware Payments
On July 8, 2022, the UK Information Commissioner’s Office (UK ICO) together with the UK National Cyber Security Centre (NCSC), published a joint letter asking the Law Society of England & Wales to remind its members that they should not advise clients to pay ransomware demands should they fall victim to a cyber-attack. The Law […]
UK Unveils Post-Brexit Data Plans with an Emphasis on International Transfers of Personal Data
Today, the UK Department of Digital, Culture, Media and Sport (“DCMS”) has made a series of announcements shedding light on the UK’s post-Brexit data strategy. The announcements – which emphasize the importance of international transfers of personal data to global trade – include as follows: A Press Release, providing an overview of the UK government’s […]
UK Launches Public Consultation on GDPR Consent Guidance
The General Data Protection Regulation (GDPR) will come into force on 25 May 2018, replacing UK’s Data Protection Act 1998 (DPA). It is yet unclear how Brexit will play out, yet in the meantime the United Kingdom is moving to adopt the GDPR principles so that it adequately protects the personal data transferred within the […]