Financial Services
We've curated 113 cybersecurity statistics about Financial Services to help you understand how threats like phishing and fraud are impacting banking and investment practices in 2025. Stay informed on the latest protective technologies and strategies shaping the sector!
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78% of financial services firms report fixing critical vulnerabilities in business-critical assets within 14 days, indicating they narrowly meet strict internal SLA requirements.
Business logic flaws: 2.9% in the financial services industry (versus 2.3% average in other industries).
70% of financial services firms report that delays in scheduling pentests sometimes impact compliance or business timelines.
Industries like hospitality resolve serious findings significantly faster than the financial services industry (61 days vs 20 days).
Server-side injection (Web/API): 4.2% in the financial services industry (versus 5.3% average in other industries).
The financial services industry resolves about two-thirds (66.7%) of serious findings. This ranks the industry 10 out of the 13 industries Cobalt researched.
Components with known vulnerabilities: 6.1% in the financial services industry (versus 5.5% average in other industries).
76% of financial services leaders highlight third-party software vulnerabilities as a top concern.
The Median Time to Remediation (MTTR) for serious findings is 61 days in the financial services industry. This ranks financial services 11th of 13 industries measured.
Sensitive data exposure: 10.5% in the financial services industry (versus 8.0% average in other industries).
Cross-site scripting (Web/API): 5.0% in the financial services industry (versus 9.7% average in other industries).
46% of financial services leaders highlight insider threats as a top concern.
Nearly half of financial services organizations (49%) operate without formal AI policies.
91% of payment leaders express concern regarding the risks associated with AI.
60% of payment leaders find the current AI fraud detection tools ineffective.
Between 2019 and 2023, financial services experienced large losses primarily from data breaches (40.9%) and ransomware (40.9%), followed by other causes (18.2%).
The average duration business operations were affected by ransomware in financial services was 33 days.
Unapproved GenAI usage rates are highest in technology (40%), financial services (32%), and government (38%).
Retail fraud doubled, with the sector experiencing an average of one fraud attempt in every 127 calls in 2024. This is five times higher than financial institutions.
Banks experienced a +149% rise in synthetic voice attacks in 2024.