90% of asset management chief executives concerned about cyber attacks

A significant cyber attack can spook investors who will quickly move their funds to a competitor, according to new research

24th May, 2021
90% of asset management chief executives concerned about cyber attacks
Cyber security apprehension by the global asset management industry is at record levels, the research said. Picture: Getty

Asset managers are increasingly concerned about cyber attacks, new research from PwC shows.

Nine out of ten asset management chief executives polled said they are concerned about the impact of cyber threats on their future business growth. Concern has grown by 81 per cent since last year. A significant cyber attack can spook investors who can be quick to move their funds to a competitor, the research said.

Despite the worry, less than a third of...

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