Half of financial services marketers' CMS' breached in past 3 years

The report “The Content Management System Market in 2023: What marketers in financial services really think” also found that 88% of organisations in the financial services industry use more than one CMS.

The report does not specify whether the data breaches were caused by vulnerabilities in the CMS or human error. However, it does note that using more than one CMS can increase the risk of a data breach, as each CMS is a potential entry point for attackers.

The report also found that the banking and wealth management sectors were more likely to have suffered a data breach through their CMS than others. This is likely due to the sensitive nature of the data that these sectors handle.

The report provides tips for financial services marketers to improve the security of their CMS. These tips include:

• Using a single CMS platform
• Using a cloud-based CMS
• Implementing strong security controls, such as two-factor authentication
• Keeping CMS software up to date
• Educating employees on CMS security best practices

The report also provides tips for financial services marketers to overcome other challenges related to CMS, such as ease of use, regulatory compliance, and branding.

The full report is available on the Forrit website.

Key takeaways:

• Half of financial service organisations have suffered a data breach through their CMS in the past three years.
• 88% of organisations in the financial services industry use more than one CMS.
• The banking and wealth management sectors were more likely to have suffered a data breach through their CMS than others.
• Financial services marketers can improve the security of their CMS by using a single CMS platform, a cloud-based CMS, implementing strong security controls, keeping CMS software up to date, and educating employees on CMS security best practices.