The Next Breach Will Start Here: Understanding Credential Risk in Wealth Management

In wealth management, trust is the cornerstone of client relationships and long-term success. Investors hand over access to their personal data, financial histories, and aspirations with the expectation these assets will be safeguarded with the highest level of care. Yet today, that trust is increasingly threatened by an overlooked vulnerability: credential exposure.

The Hidden Risk: Credential Exposure

Despite advanced security investments, most firms still rely on access systems that require human involvement with credentials — memorizing passwords, reusing logins, managing one-time codes, or relying on browser-stored credentials and password managers. Each of these creates an opportunity for attack. And with over 90% of cyber breaches starting with phishing and stolen credentials, one compromised login can unravel years of built trust and operational stability.

An Institutional Risk: The Impact of Credential Exposure

Credential exposure is not just a user-level risk — it is an institutional liability. Reused credentials across platforms can open doors for credential stuffing attacks. Shared logins introduce accountability issues. Stored passwords increase vulnerability to malware or lateral movement. Even trusted internal users can fall prey to phishing, inadvertently offering cybercriminals a direct route to client portfolios and firm systems.

The consequences extend far beyond the immediate breach. Business operations can be disrupted. Clients may lose confidence. Regulators can impose significant penalties. Reputational damage can have lasting effects. A single incident can trigger a cascade of litigation, scrutiny, and loss of assets under management.

The MyCena^® Approach: A Secure, Credential-Free Future

Addressing this requires more than another layer — it demands a foundational shift in how access is managed. MyCena^® introduces access without credential exposure. By separating identification from authentication, MyCena^® eliminates user access to credentials entirely. No passwords to manage, no codes to phish, no entry points to exploit.

After identification, MyCena^® encrypts and delivers credentials invisibly — users never see or handle them. Without credential knowledge, there is nothing to reuse, share, or give away.

By adopting an unphishable access model, wealth firms reduce risk, improve compliance, and strengthen digital trust.

A Step-by-Step Approach to Secure Access

Making a change to your firm’s security system can feel like a significant leap, but MyCena^® has designed a step-by-step process to make it simple and risk-free. Start with watching a demo and sign up for a limited trial to experience how MyCena^® works in practice. After your trial, you can choose one of our three packages and deploy to your organisation.

“Why MyCena^® Is the Secure Choice for Wealth Management”

Adopting MyCena^®’s unphishable access model helps wealth management firms reduce exposure to the most common breach vectors, resulting in fewer incidents, faster response times, and improved compliance. Firms that embrace MyCena^® experience measurable operational efficiency gains and heightened client confidence, knowing access to sensitive systems can’t be phished.

Proudly featured in the PIMFA WealthTech Cyber Security Factsheet, MyCena^® is recognized for tackling systemic risks and delivering practical value, helping firms maintain the trust of their clients as the AI threat landscape evolves.

Take the first step towards unphishable access with a limited-time trial exclusively for PIMFA members.

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