Family Office Cybersecurity Outsourcing Rises as Threats Intensify

Family offices are increasingly turning to external specialists to strengthen cyber defences as digital threats become more sophisticated, according to new research from Ocorian.

The family office cybersecurity outsourcing study surveyed 200 family office executives and family members overseeing a combined USD119.4bn in wealth and found that 43% had experienced a cyberattack during the past two years.

Despite rising risks, significant gaps remain. Around 18% of respondents said they had no cybersecurity defence plan in place, while 22% lacked an incident response and recovery strategy.

However, awareness appears to be improving, with 75% reporting that they have strengthened cyber protections over the past two years, compared with just 7% that had implemented such measures more than two years ago.

The family office cybersecurity outsourcing trend is accelerating, with nearly half already relying on third-party cybersecurity advisers.

Looking ahead, 72% expect outsourcing to increase over the next three years, including 41% who anticipate a significant rise.

The findings highlight growing recognition that cyber resilience has become a critical component of wealth preservation and family office governance.