Cyber security: More than just 'an IT problem' for asset managers

The Bigger Picture on data breaches and security hacks

Asset managers are becoming increasingly susceptible to cyber attacks due to growing dependency on complex ecosystems of suppliers and cloud-based services, according to cyber security professionals, with studies suggesting the sector is falling behind when it comes to protecting its data.

Asset managers are becoming increasingly susceptible to cyber attacks due to growing dependency on complex ecosystems of suppliers and cloud-based services, according to cyber security professionals, with studies suggesting the sector is falling behind when it comes to protecting its data. This comes following a recent report from the Financial Conduct Authority (FCA), Cyber and technology resilience in UK financial services, which found cyber attacks within financial services increased fivefold last year, with 145 companies reporting breaches compared to just 25 in 2017. Just last mo...