23.8% of financial organizations plan to invest in automated access controls.

7.0% of financial organizations are investing in third-party risk monitoring

Only 4.8% of teams at financial organizations spend fewer than five hours on gathering data for audits and access reviews.

0.3% of financial organizations surveyed admitted to having failed an audit in the past year.

8.9% of financial organizations are investing in identity lifecycle management.

35.3% of teams at financial organizations automate access to high-risk systems requiring elevated privileges with real-time logging.

30.7% of teams at financial organizations still rely on manual approval for access to high-risk systems requiring elevated privileges.

45.2% of teams at financial organizations have extensively automated compliance reporting.

ISO 27001/27002 is the second most challenging regulation, cited by 18.2% of financial organizations.

2.1% of teams at financial organizations have no visibility into how long it takes to revoke access to high-risk systems requiring elevated privileges after an employee exits or changes roles.

35.2% of financial organizations plan to invest in real-time audit log solutions.

52% of teams at financial organizations manage 10–20 high-risk systems requiring elevated privileges.

49.3% of teams at financial organizations spend 10–25 hours monthly preparing audit data.

Only 0.2% of financial organizations surveyed reported lacking confidence in passing a surprise compliance audit.

46.3% of teams at financial organizations have partially automated compliance reporting.

88.4% of financial organizations surveyed are "very confident" in passing a surprise compliance audit.

GDPR is the most difficult regulation to manage, cited by 19.4% of surveyed financial organizations.

8.5% of teams at financial organizations still rely mostly on manual efforts for compliance reporting.

From 2023 to 2024, fraudsters' focus shifted back slightly towards Account Takeover (ATO) Fraud from Scams in terms of overall value of attempts.

Zelle transactions were accompanied by a 34% rise in attempted fraud in 2024.