Report - 2021 State of Cybersecurity

Find out how your financial institution measures up in the industry.

Tandem recently surveyed cybersecurity professionals working in the financial institution industry and created a report with valuable information on the current state of cybersecurity.

Cybersecurity tools and frameworks

When we asked about cybersecurity frameworks used by financial institutions, the results showed a large majority (89%) of institutions use the FFIEC's Cybersecurity Assessment Tool as a cybersecurity framework or tool.

Biggest barriers to mitigating cybersecurity incidents

36% of survey respondents reported that a lack of appropriate cybersecurity personnel was one of their biggest barriers to mitigating and remediating cybersecurity incidents.

Cybersecurity updates to the Board

When we asked how frequently the Board receives updates on the institution’s cybersecurity status, the results showed the majority of respondents (68%) update their Board quarterly or monthly. Over the past three years, there has been a shift toward providing cybersecurity updates to the Board more frequently. 

Copy & paste this link into your browser to download the report, or click the button below.

https://tandem.app/2021-state-of-cybersecurity-report