Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Financial services: Invest in cybersecurity

The main takeaway from our Chief Risk Officer report, as well as the biggest challenge in financial services, is that cyber threats and the risk of data breaches are of top concern.

Chief Risk Officer report: Key findings and steps forward

Discover what CROs want financial services to know and actions to take.

Download the report

Cybersecurity and data breaches headline our survey findings

We surveyed risk officers from 139 US FS companies to learn what worries them and keeps many awake at night. It’s the increasing threat to cybersecurity and the growing risk of data breaches. Regulatory changes also trouble financial services. The report details risk areas that can be enhanced, from risk reporting and insights to data analytics and predictive modeling. Employees, often the weakest link in cybersecurity, would benefit from training.

The #1 challenge is cybersecurity. The top answer is to increase risk investment.

#1

challenge is cybersecurity/data breach

90%

anticipate an increase in risk investments in the next 12 months

38%

view regulatory and compliance issues as a top challenge in the next 2-5 years

40%

are considering outsourcing cybersecurity and data protection services

46%

would consider outsourcing risk management to reduce costs

Financial services CROs must develop a rigorous and disciplined risk agenda commensurate with operational, business, and strategic plans. This will enable them to proactively address and solve issues from a wide range of stakeholders, including investors, regulators, and customers.

Anand Desai

Principle, Advisory - Financial Services Line of Business Leader, Risk Services

5 Drivers for risk transformation

Our survey found that organizations feel they can adequately address most key risk challenges, and yet are concerned about market and reputational risks. These five drivers can help transform your company’s risk management program to meet existing and new challenges.  

De-risking

Reduce risk exposure with AI and other tools that can reduce human errors

Growth or strategic change

Drive growth/change with improved integration and collaboration

Compliance risk

Leverage technology to better meet risk requirements and regulatory changes

Effectiveness and efficiency

Streamline processes to better deliver on risk management requirements

Cost takeout

Reduce operational costs associated with oversight and execution of risk management

Download the Chief Risk Officer report

Chief Risk Officer insights in Financial Services

Dive into more detail about the challenges that chief risk officers in financial services face and recommendations by KPMG for addressing the challenges.

Download PDF
How we help

KPMG. Make The Difference.

Service
Financial Services Risk, Regulatory and Compliance
When the needs are unique and varied, turn to a resource that can cover the bases. KPMG has the cross-functional expertise and tech approach to be a difference-maker for your institution.

Does it make sense to outsource cybersecurity or staff up the risk management team? How do you plan for future challenges like managing an increasing number of regulatory changes? For answers to questions like these, financial institutions turn to KPMG. We understand the unique needs of the sector because that’s where we come from. Our team includes former transactors, business managers, regulators, technologists, chief compliance officers, and risk management leaders. It’s cross-functional experience combined with a technology-enabled approach. It’s how to solve real business problems and please stakeholders, investors, regulators, and agencies. Together, we can make a difference in your institution’s future.

About KPMG Cyber Security Services

Service
Cyber Security Services
Use cyber security to protect your future.

At KPMG, we empower you to establish a resilient and trusted digital environment, even amidst evolving threats. With a unique blend of technological expertise, extensive business knowledge, and a team of passionate professionals, we are dedicated to safeguarding your business. As a prominent leader in cyber security, we excel in implementing cutting-edge security practices while developing innovative strategies tailored to your specific needs. We not only prioritize the protection of your business but also ensure a seamless delivery of services.

Our solutions assist cyber security teams in crucial areas, including:

  • Strategy and governance: Transforming risks into competitive advantages.
  • Cyber transformation: Amplifying the progress of your initiatives in an agile environment.
  • Cyber defense: Empowering you to confidently seize opportunities.
  • Cyber response: Operating with unwavering confidence in a digital world.

See what KPMG can do for you.

KPMG is recognized as a leader in financial services. Take the next step and learn more about us.

Explore other services tailored to your business

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline