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 attemp...

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

FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA: Top ten wealth management firms hold nearly 90% of all UK clients

FCA survey

Patrick Brusnahan
clock 18 August 2026 • 3 min read
Small advice firms feature prominently in buyer criteria on online M&A platform

Small advice firms feature prominently in buyer criteria on online M&A platform

First advice firm seller cohort go live on Melo’s Project Exit

Isabel Baxter
clock 18 August 2026 • 4 min read
'They're angry about tax': Why some UK clients are looking to move away

'They're angry about tax': Why some UK clients are looking to move away

IHT changes continue pushing clients out, according to Blevins Franks CEO

Sophia Panayi
clock 18 August 2026 • 4 min read