Navigating people risk in cybersecurity in European Financial Services Sector 

In today's digital landscape, the financial services sector faces significant cybersecurity challenges. As threats grow more sophisticated, organizations must prioritize their cybersecurity strategies alongside talent strategies to protect sensitive data and maintain customer trust. 

84% of companies reported that their cybersecurity strategies are at least moderately aligned with overall business objectives.

Our survey of 70 financial service organizations across the EU and UK reveals alarming trends, with 89% of companies report a talent gap in their cybersecurity teams, making clear a systemic peril rather than a  niche issue. This skills crisis not only heightens the risk of breaches but also increases vulnerability to compliance failures and reputational damage.

The report also highlights the importance of fostering a culture of cybersecurity awareness among employees. Cybersecurity professionals operate in a high-stress environment, and employee burnout is a hidden but significant risk. 

By investing in employee development and employee well-being  organizations can strengthen their cybersecurity posture and reduce the likelihood of successful attacks.

Looking ahead, it’s clear that cybersecurity risks are increasingly people-driven. Organizations must adapt their strategies to focus on talent retention and innovative solutions like AI and automation. The 2025 Cyber Risk Report is an essential resource for financial institutions aiming to navigate these challenges and enhance their cybersecurity frameworks.