HOW SECURE IS THE FINANCE SECTOR?
A groundbreaking new study reveals that workers in Finance have different priorities and perceptions than their employers
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Shadow IT is a major problem in Finance
Despite having mature attitudes to security, Finance workers are still using devices, apps and software not approved by their IT departments.
49%
of finance workers admit to finding ways to work around security policies.
There is a problem with the balance between security and employee experience in Finance. 52% of Finance workers say security policies restrict the way they work.
Notably concerning is that 61% are more efficient using non-work apps like Dropbox and Gmail. Shadow IT appears to be a bigger problem in Finance than other regulated industries.
Finance has a password problem
Most employees have too many passwords in today’s digital society, but Finance is managing their passwords carelessly.
42%
of Finance workers use Excel files or Word documents to store passwords.
29% admit to storing their passwords in notes on their phone, 33% written in a person journal.
69% of Finance workers choose work passwords that are easy to remember and 18% reset passwords every day.
The good news is that Finance has better password hygiene than other industries, but there is still substantial room for improvement.
Perception doesn’t match reality in Finance
Despite having tighter security protocols and more training, workers still don’t feel their employers are taking data privacy as seriously as they should.
51%
of Finance Employees think their company needs to take data privacy more seriously.
Over half of Finance workers feel that their employer should take data privacy more seriously than they currently do. More than a third of finance workers feel as if they have not been adequately trained to protect company data.
This is despite 53% of employees receiving monthly security awareness training and 61% of employees seeing a security policy each time they login to their computer.
Financial workers have a healthy fear of data breaches
Workers in Finance feel a strong sense of responsibility when it comes to securing company and client data.
43%
of finance workers know someone who exposed their employer to a data breach.
74% of Finance workers believe they will get fired for a data breach and 68% believes their execs should be fired for breaches. These figures are much higher than other regulated industries.
Finance workers clearly understand the gravity of a security breach.
Finance is ahead of the curve in supporting remote workers
Compared to other regulated industries, Finance is delivering sophisticated onboarding and technical support for employees working remotely.
78%
of remote workers in Finance say their job satisfaction is higher than 2 years ago.
42% of employees have technical issues resolved by IT within a few hours of contact.
80% of remote Finance workers say their technical support has improved since the start of the pandemic.
65% of new remote employees reported that their employee onboarding process is designed for remote workers.
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2022 Study For Finance
Discover how the usage of employee devices, applications, and tools are affecting employee experience and cyber security in Finance.
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Discover how the usage of employee devices, applications, and tools are affecting employee experience and cyber security in Finance.
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