Gigamon has published survey findings on cyber risk and AI adoption in financial services. The research found that 98 per cent of breached financial services organisations reported a material impact.
It found that 77 per cent of financial services organisations had experienced a breach involving AI, while 54 per cent reported an increase in AI-powered social engineering attacks such as phishing and smishing. Another 47 per cent had seen more attacks targeting AI and large language model deployments.
The figures point to a sector adopting AI in security operations even as the technology creates new routes for attack. According to the survey, 91 per cent of financial services organisations have implemented AI-powered tools to strengthen data security, and 66 per cent have enabled AI-driven automation to initiate security actions without human interaction.
That compares with 53 per cent across industries overall for AI initiating security functions without human intervention, suggesting financial services groups are moving faster than peers in handing some operational decisions to automated systems.
Among organisations that suffered a breach, the reported…
