Report by FIS & Oxford Economics
The Harmony Gap
Key Findings
47% of financial technology decision-makers surveyed said their company does not regularly train employees on fraud and cyberawareness, leaving these firms more vulnerable .
Financial technology decision-makers identified cybersecurity as one of the two most costly sources of friction and tension across the money lifecycle .
88% of financial technology decision-makers identified cyberthreats as a primary source of disharmony. Businesses are losing an average of $98.5 million per year due to this disharmony, which includes cyberthreats.
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 .