Financial Services Cyber Attack Statistics
41% of organizations that experienced a cyber incident report financial loss or revenue impact.
47% report operational shutdown, 41% report data loss, 41% report reputational damage, and 40% report lost revenue as impacts of cyber attacks in the last 12 months.
40% of SMBs say an attack costing $100,000 or less could put them out of business.
72% of healthcare organizations experienced a moderate to severe financial impact from cyber incidents in the past two years.
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.
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.
Internal shared-resource financial services firms are 56% more likely to face 25 or more attacks annually.
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.
18% financial services firms faced more than 25 known attacks in the past year.
Financial service firms globally experience up to 300 times more cyberattacks annually than other industries.
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
49% of cyberattacks were attributed to financially motivated cybercriminals in 2024.
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.