As part of our ongoing mission to understand the cyber challenges facing UK businesses, this year e2e-assure has drilled down into the opinions of both cyber risk owners and employees in the Financial Services sector.

While historically cyber criminals have targeted Financial Services organisations directly to gain access to funds, according to UK Finance, access to ‘data’ is now key for attackers, which can be used for extortion purposes or in ransomware attacks.  

This comes at a time when a sector that has traditionally been slow to adopt new technologies, due to tight regulations and legacy platforms, is undergoing digital transformation alongside the explosion of AI. This is creating a sea of change, with the industry pushing for more operational efficiencies. As a result, staff are experimenting with new tooling, including AI, to increase their productivity.  

In fact, 43% of cyber risk owners report unauthorised software use as a key concern when it comes to security, the highest out of all the sectors we surveyed.  

To continue reading, download the full report. 

The report covers: