New study reveals widening gap between cyberattack causes and public perception
Wipfli research reveals banks and credit unions see cybersecurity as a challenge
CISO news
New study reveals widening gap between cyberattack causes and public perception
The research highlights critical perception gaps such as system intrusion , social engineering and basic web application attacks .
“ This data paints a concerning picture of misplaced focus ,” said Alex Nette , CEO and Co-Founder of Hive Systems . “ Organisations are often influenced by media narratives and search trends that spotlight sensational breaches , while the most prevalent and preventable threats fly under the radar . This misalignment results in resource misallocation and unnecessary vulnerabilities .”
The study underscores the dangers of misinformed cybersecurity priorities . With media and public attention disproportionately focused on complex attacks , simpler but more common vectors , like social engineering and web application vulnerabilities , remain neglected . This leaves businesses and individuals exposed to risks that could otherwise be mitigated .
study from Hive Systems , a global leader in cybersecurity services and products , has uncovered how the public
A and media are misaligned with actual cybersecurity risks , leaving organisations exposed to the most common and effective attack methods .
Hive Systems is urging organisations to realign their cybersecurity strategies with the actual threat landscape .
The company says education and awareness can only go so far , and data driven peer risk benchmarks are needed to help close the perception gap and fortify companies against the most impactful threats .
Wipfli research reveals banks and credit unions see cybersecurity as a challenge
ipfli , a top 25 advisory and accounting firm , has published the results of two industry surveys from the banking and
W credit union sectors that provide insights into current market challenges .
Based on the data , the surveyed financial institution leaders describe challenges such as cybersecurity , talent shortages and Digital Transformation maturity as continuing to shape strategies and priorities in 2025 .
“ This year ’ s findings underscore an industry at a critical juncture – embracing AI and Digital Transformation while navigating persistent challenges like cybersecurity and talent shortages ,” said Anna Kooi , Wipfli ’ s Financial Services Practice Leader . “ Financial institutions that stay focused on strategic goals and leverage data-driven insights are best positioned to lead the way .”
Banks displayed solid strategic priorities , like increasing investments in cybersecurity and growing traction for Banking-as-a-Service and embedded banking . Yet many financial institutions also say net interest margin compression , core deposit growth and the economy / regulatory environment could get in the way of continued growth and market share .
“ It ’ s critical for banks to integrate their data tools strategically and intentionally ,” Kooi said . “ With shrinking margins , most mid-market banks can ’ t afford costly mistakes from siloed technology decisions . Investing in scalable , pragmatic technology architecture is essential .”
Over half of surveyed credit unions are increasing their investments in cybersecurity , as 49 % of credit unions experienced an increase in fraud in 2024 , with 76 % identifying unauthorised access to their networks or data in the past year .
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