Just 29 percent say they are fully prepared to manage and mitigate cybersecurity risks. only 44 percent of financial advisors claim to understand cyber security issues and risks, despite 8 in over 1,000 identifying the area as high priority, according to a report from FPA Research and Practice Institute FPA Research and Practice Institute . The report polled over 1,000 financial advisors across the US in 2016 . There have been 657 cyber security breaches so far in 2016 , which have resulted in over 28.6 million financial records being exposed.
only 44 percent of financial advisors claim to understand cyber security issues and risks, despite 8 in over 1,000 identifying the area as high priority, according to a report from FPA Research and Practice Institute FPA Research and Practice Institute . The report polled over 1,000 financial advisors across the US in 2016 . There have been 657 cyber security breaches so far in 2016 , which have resulted in over 28.6 million financial records being exposed.