GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Asset Management Industry Statistics

Cybersecurity incidents in the asset management industry are on the rise, with an average of 146 breaches reported per year and an estimated cost of $4.7 million per breach.

Statistic 1

"Approximately 89% of asset management firms expect cybersecurity to be one of the top risks by 2025, according to Deloitte."

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Statistic 2

"Over 44% of asset management firms face a high level of cybersecurity risk internally."

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Statistic 3

"90% of asset managers plan to increase their spending on cybersecurity measures."

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Statistic 4

"35% of asset management firms experienced a cyber incident in the past 12 months."

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Statistic 5

"Two-thirds of asset management professionals surveyed believe the cyber security environment will worsen in the future."

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Statistic 6

"About 80% of senior IT and IT security leaders believe their organizations lack sufficient cybersecurity protection."

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Statistic 7

"52% of asset management companies increased their cyber-related budget by 10% or more in 2020."

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Statistic 8

"In Europe, nearly 95% of asset managers are preparing for increased regulations regarding cybersafety."

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Statistic 9

"64% of asset management companies worry that the executive team at their organization inadequately understands cyber risks."

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Statistic 10

"Nearly 35% of asset management firms failed to conduct any cybersecurity risk assessment in the past year."

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Statistic 11

"60% of asset firms report their biggest challenge is staying ahead of cyber threat innovation."

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Statistic 12

"71% of asset managers include cyber-risk under their definition of digital risk, according to a PWC survey."

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Statistic 13

"48% of breaches suffered by asset managers have links to insider mischief or negligence."

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Statistic 14

"About 45% of cyber incidents can cause a potential loss of more than 6000 customer records for asset management firms."

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Statistic 15

"Only 16% of asset managers have integrated their cybersecurity monitoring with other risk monitoring."

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Statistic 16

"53% of asset managers feel their cyber policy is lacking effective communication and incident management."

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Statistic 17

"More than 25% of asset managers expect cost of managing cybersecurity risks will grow more than 10% per year."

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Statistic 18

"Cybersecurity breaches cost the average financial organization $18.5 million annually."

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