Financial institutions told to get their house in order before the next CrowdStrike strikes
The UK's finance regulator is urging all institutions under its remit to better prepare for IT meltdowns like that of CrowdStrike in July.
The Financial Conduct Authority (FCA) said issues at unregulated third parties were the leading cause of operational disruption within Blighty's financial institutions between 2022 and 2023.
Many major organizations were affected to varying degrees by CrowdStrike's software cockup over the summer, including some of the world's leading banks and trading houses...
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