Security News > 2020 > February > Sophos was gearing up for a private life – then someone remembered the bike scheme
2020-02-27 11:57
There's been a bump in the road, a stick in the wheel, because Sophos was a member of the UK government's "Cycle to work" scheme - which offers staff loans to pay for bicycles and related stuff like lights, helmets and panniers.
The trouble is that the bike scheme is regulated by the Financial Conduct Authority.
So anyone taking control of Sophos needs to clear its obligations under the cycle scheme with the FCA. And someone took their eye off the ball and didn't spot this.
Sophos is a venerable member of the UK software world, having been around since the 1980s.
The FCA refused to comment and Sophos declined to say anything further beyond its regulatory filing.