Just 29 percent say they are fully prepared to manage and mitigate cybersecurity risks. Just 44 % of financial advisors claim to understand cyber security issues and risks , despite 8 in 10 identifying the area as high risk , according to a report from the Financial Planning Association 's FPA Research and Practice Group . The report polled over 1,000 financial advisors across the US in July . There have been 34 cyber security breaches so far in 2016 , which have resulted in over 28.6 million financial records being exposed .
Just 44 % of financial advisors claim to understand cyber security issues and risks , despite 8 in 10 identifying the area as high risk , according to a report from the Financial Planning Association 's FPA Research and Practice Group . The report polled over 1,000 financial advisors across the US in July . There have been 34 cyber security breaches so far in 2016 , which have resulted in over 28.6 million financial records being exposed .