Home Insurance The Threats to Financial Services: The Data Behind them

The Threats to Financial Services: The Data Behind them


Financial services risk can be a major problem for a company from many different angles. Financial services professionals such as bookkeepers and tax preparers are underinsured. Recently, we conducted a study on accountants, who are a key component of the financial services sector, to find out what their concerns were. We found issues from malicious AI to wrongful termination lawsuits.

In this article, you’ll learn more about the data we’ve collected, and the risks facing financial services professionals. It’s clear that accountants, bookkeepers and tax preparers are just as vulnerable to cyber-attacks as other businesses. 

Avoid errors or pay the price

Financial professionals deal with a high volume of personal financial data. Errors can be costly. Nearly half (46%) of accountants admit making mistakes. Of those who made errors, 72% said that they or their companies were financially responsible.

Many accountants believe that they can correct these mistakes. You can also find out more about the following: make are minimal, and 71% will go as far as to say that they’re prepared…

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