Omega Systems
Reports
All Statistics
45% of firms in the financial services sector prioritize automated evidence collection and document management for enhancing audit readiness and control visibility.
53% of CFOs in the financial services sector ranked evolving regulations as a top concern, compared to 38% of CIOs, highlighting a disconnect between financial and technical teams.
54% of firms in the financial services industry still rely on spreadsheets or in-house systems to track security controls.
42% of U.S. financial services executives identified staying current with evolving regulations as their top compliance challenge.
51% of firms identified data discovery as a top priority for improving audit readiness and control visibility.
50% of firms in the financial services industry are still operating on outdated or on-premise infrastructure, which fails to meet modern transparency and documentation requirements.
36% of U.S. financial services executives reported lacking sufficient internal expertise to meet regulatory mandates.
More than a third of financial services firms said it would take a week or longer to detect and contain a breach.
65% of financial services firms continue to manage IT and security entirely in-house.
11% of RIAs significantly decreased their IT spend last year.
33.98% of IT decision-makers at financial services firms reported that security awareness training is currently fully or partially managed by an MSP or MSSP.
31% of financial services firms still rely on quarterly or less frequent cyber assessment and vulnerability reviews.
Just 16% of MSSP-supported financial services firms require two to four weeks to contain a breach.
42.72% of IT decision-makers at financial services firms reported that email security is currently fully or partially managed by an MSP or MSSP.
20% of executives at financial services firms acknowledge that having no effective incident response plan is a significant weakness that could slow recovery.
57.28% of IT decision-makers at financial services firms reported that network management and monitoring is currently fully or partially managed by an MSP or MSSP.
16.50% of IT decision-makers at financial services firms reported that vCISO or strategic advisory services is currently fully or partially managed by an MSP or MSSP.
Only 17% of executives at financial services firms indicated that security awareness training will be a priority in the coming year.
50% of financial services firms plan to invest or upgrade in advanced threat detection and response, such as MDR, EDR, SOC, in 2026.
78% of family offices say a successful attack would trigger withdrawals or investor panic.
67% of family offices demonstrated the highest level of concern about outdated infrastructure and their ability to recover from a data breach (compared to 50% average).
51% of leaders at financial services firms say they are unprepared to recover effectively from a Ransomware attack.
11% of leaders at financial services firms say they are unprepared to recover effectively from a Vendor or third-party breach.
Only 10% of internal shared-resource financial services firms are “very confident” their teams can detect AI-driven attacks.
30% of MSSP-supported financial services firms are “very confident” their teams can detect AI-driven attacks.
51% of financial services firms plan to invest or upgrade in cloud adoption, migration and security in 2026.
37% of financial services firms plan to invest or upgrade in network and perimeter security in 2026.
26.21% of IT decision-makers at financial services firms reported that patch management and system updates is currently fully or partially managed by an MSP or MSSP.
6% of financial services firms admitted it could stretch into a month or longer to detect and contain a breach.
17% of financial services firms use a co-managed model for IT and cybersecurity.
35% of leaders at financial services firms say they are unprepared to recover effectively from a Cloud platform compromise.
59.22% of IT decision-makers at financial services firms reported that IT help desk and end-user support is currently fully or partially managed by an MSP or MSSP.
46.60% of IT decision-makers at financial services firms reported that firewall management / perimeter security is currently fully or partially managed by an MSP or MSSP.
Only 16% of financial services firms are fully outsourcing IT and cybersecurity to an MSP/MSSP.
25% of internal shared-resource financial services firms require two to four weeks to contain a breach.
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.
61% of executives at financial services firms are concerned about impersonation campaigns targeting their firms.
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.
Almost nine in ten financial firms now carry cyber insurance coverage as a safety net.
33% of leaders at financial services firms say they are unprepared to recover effectively from a Supply chain attack.
31% of leaders at financial services firms say they are unprepared to recover effectively from a Business Email Compromise.
29% of leaders at financial services firms say they are unprepared to recover effectively from a Distributed Denial of Service attack.
29% of leaders at financial services firms say they are unprepared to recover effectively from a Zero-day exploit.
8% of family offices use an external provider for day-to-day cybersecurity management.
21% of executives at financial services firms cited a lack of employee security awareness as a significant challenge.
34% of executives at financial services firms said they lack the internal resources or expertise to manage complex IT and security controls.
50% of executives at financial services firms acknowledge that reliance on outdated or on-premises systems is a significant weakness that could slow recovery.
28% of executives at financial services firms acknowledge that a lack of current backups or recovery capabilities is a significant weakness that could slow recovery.
14% of executives at financial services firms acknowledge that having no access to a SOC partner is a significant weakness that could slow recovery.