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UK financial sector told to increase resilience as CrowdStrike-like events increase

( October 31, 2024, 16:55 GMT | Official Statement) -- MLex Summary: UK financial firms have been reminded to comply with the upcoming operational resilience policy entering into force in March 2025, as third-party-related disruptions have been the leading cause of operational issues between 2022 and 2023. The warning from the Financial Conduct Authority comes as the regulator assessed how firms responded to the CrowdStrike outage over the summer. Firms were also suggested to review their testing scenarios and their third-party management framework....

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