Financial Services Cyber Attack Statistics
72% of healthcare organizations experienced a moderate to severe financial impact from cyber incidents in the past two years.
78% of family offices say a successful attack would trigger withdrawals or investor panic.
87% of executives at financial services firms say a successful cybersecurity attack would trigger withdrawals or AUM loss.
94% of CFOs at financial services firms said they would expect client departures in the wake of a major incident.
88% of executives at financial services firms acknowledge that a successful cybersecurity attack would trigger withdrawals, raise investor concern, or lead to direct loss of assets.
Internal shared-resource financial services firms are 56% more likely to face 25 or more attacks annually.
18% financial services firms faced more than 25 known attacks in the past year.
72% of family offices believe they are targeted more often because they manage high-networth assets.
93% of financial services firms reported at least one known attack in the past year.
Financial service firms globally experience up to 300 times more cyberattacks annually than other industries.
49% of cyberattacks were attributed to financially motivated cybercriminals in 2024.
Financial technology decision-makers identified cybersecurity as one of the two most costly sources of friction and tension across the money lifecycle .
85% of leaders surveyed from organizations with dedicated fintech teams reported feeling moderately or very well-equipped to address frictions including cyberrisks
More than one-third (37%) of financial technology decision-makers said their company experiences cyberthreats daily, and 74% face critical or high-profile threats on a monthly basis .
49% of financial institutions experienced a vendor-related cyber incident in the past year.
Of the financial institutions who experienced a vendor-related cyber incident, 66% had recovery times under 60 days .
Of the financial institutions who experienced a vendor-related cyber incident, 8% had recovery times more than 90 days .
88% of organisations in financial services saw their apps attacked.
88% of organisations in financial services saw their apps attacked.