The six biggest cyber threats for financial advisers

Cyber incidents put trust between advisers and clients at risk

Jen Frost
clock • 3 min read

Financial advisers are facing a rising cyber incident threat, with artificial intelligence (AI) allowing cyber attackers to carry out increasingly sophisticated attacks.

Speaking at PA360 North, Evelyn Partners business development manager Joe Sheehan outlined the six biggest cyber threats facing financial advisers today. Sheehan warned of a 40% year-on-year increase of cyber-attacks against financial services firms. What are the six biggest cyber threats facing financial advisers today? Human error Supply chain security controls Weak access controls on sensitive data Ransomware AI phishing and deepfakes Seasonal attacks Sheehan cautioned that the advent of AI is allowing cyber criminals to develop more sophisticated phishing attempt...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

UK financial literacy 'embarrassingly low' compared to other nations

UK financial literacy 'embarrassingly low' compared to other nations

‘There is a persistent issue around financial literacy’

Jenna Brown
clock 02 October 2025 • 3 min read
'Not just an occasional bottleneck': Firms spending up to seven hours on a single suitability report

'Not just an occasional bottleneck': Firms spending up to seven hours on a single suitability report

Producing just two reports can consume an entire day

Sahar Nazir
clock 02 October 2025 • 2 min read
'Every role is integral': Advice business owners urged to nurture talent at every level

'Every role is integral': Advice business owners urged to nurture talent at every level

‘We can’t do anything without them’

Sahar Nazir
clock 02 October 2025 • 1 min read