FCA Alert for MOVEit Risk

FILE PHOTO: The logo of the Financial Conduct Authority (FCA) is seen at the agency’s headquarters in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren

The FCA in the UK has issued a warning to companies that use MOVEit, a file transfer application, about potential risks.


This breach has caused trouble for many organizations and has revealed personal information. The National Cyber Security Centre (NCSC) is helping businesses learn about and handle the situation.

The FCA urges all businesses to figure out if they and any firms in their network have employed MOVEit and know the effects of it. Additionally, they recommend investigating the Indicators of Compromise (IOCs). And following the directions for fixing any risks given on the Progress website.

This problem can cause operational problems, so it should be reported according to normal procedures. Companies monitored by the FCA should report the issue to them. For those affected, Progress (the MOVEit maker) has advice on solving it. And the NCSC website has updates on the issue.

Criminals have taken advantage of a problem in Progress Software’s MOVEit file transfer application, which is used by many organizations worldwide. Because it is part of the supply chain for some organizations, their customer data has been stolen. This includes employees of Ofcom, Transport for London, BBC, Boots and British Airways.

Read more: CFTC Gets $24M From Yang, AK Equity, Xapphire | Brokers Times

Leave a Reply

Your email address will not be published. Required fields are marked *

Skowronski Joins Admirals as CRO

Skowronski Joins Admirals as CRO

Admirals, a Retail FX and CFDs broker in Estonia, has appointed Daniel

Binance Responds to French Investigation
binance venture fund nomad capital

Binance Responds to French Investigation

Binance, a crypto exchange, has reacted to stories that claim it is being

You May Also Like