Financial Ombudsman Service compensation limit increased again – by more than 10%

The Financial Conduct Authority confirmed last month that the limit for compensation that can be awarded by the Financial Ombudsman Service (“FOS”) will be raised from £375,000 to £415,000, for complaints made after 1 April 2023 relating to acts or omissions on or after 1 April 2019 – an increase of over 10%.

A lower limit of £190,000 applies to any complaints made from 1 April 2023 relating to events that occurred prior to 1 April 2019 – again an … Read the rest

Are you surprised to learn that the DOD has had more than 12,000 cyber attacks since 2015

BankInfoSecurity.com reported that in a US Senate hearing that “The Government Accountability Office in November reported the DOD had experienced more than 12,000 cyber incidents since 2015, although the annual rate of detected attacks has been declining.” The March 29, 2023 report entitled “Pentagon Doubles Down on Zero Trust” (https://tinyurl.com/yhne56xc) also included these comments from Department of Defense CIO John B. Sherman in testimony before the Senate Armed Forces Committee’s Cybersecurity Subcommittee:

We’ve committed to implementing zero trust across the … Read the rest