2025 investment management outlook | Deloitte Insights
Cybersecurity and digital transformation risk
Cybersecurity breaches and ransomware incidents are rising worldwide. The financial services industry (FSI) is the second-most impacted industry globally.73 The average cost of each breach in FSI is touching an all-time high of US$5.9 million.74 While AI innovations are bolstering cybersecurity, they are simultaneously being misused by cybercriminals. Some of the AI-enabled threats include:75
- AI deepfakes
- Adversarial AI tools like WormGPT and FraudGPT (also called AI-as-a-Service)
- Ransomware-as-a-Service
- Identity fraud
- Vishing (Voice Cloning-as-a-Service, or VCaaS)
Investment management firms are mitigating cyber risks by updating their security policies, training staff to identify…
