Securing the future - Data security and governance in financial services

The stakes for data security in financial services have never been higher. As threats grow and regulations tighten, organisations must navigate the delicate balance between protection and progress. Our report uncovers insights from over 250 UK IT leaders tackling these challenges.

Key findings from the report:

While 86% of ITDMs acknowledge the importance of data security, only 50% are confident in their organisation's compliance with existing regulations.

Just 33% of respondents feel fully equipped to meet the stringent demands of DORA.

52% of ITDMs cite the high cost of implementing robust data security measures as a significant obstacle, alongside complexity and performance concerns.

44% of organisations have experienced data breaches or unauthorised access, underlying the sector's persistent vulnerabilities.

39& of respondents report that data security constraints have hindered external collaboration, limiting opportunities for growth and innovation.

Read the full report now: