Latest Microsoft SharePoint breach underscores urgent need for cloud-native infrastructure in the wealth management industry.

Copenhagen, Denmark - July 23, 2025: A recent string of cyberattacks targeting a critical vulnerability in Microsoft’s on-premises SharePoint Server has exposed the escalating risks associated with legacy IT infrastructure. The incident has prompted renewed calls for urgent modernization across the wealth management industry.

More than 75 confirmed breaches have impacted government agencies, universities, and private institutions globally. While Microsoft has issued patches for affected versions, cybersecurity experts warn that attackers have retained persistent access to compromised systems, even after remediation. This adds to the long-standing discussions and concerns surrounding the risks of on-premise deployments.

“This exploit is part of a broader trend,” says Peter Barry, CTO of Performativ, a cloud-native SaaS platform for wealth and asset managers. “Threat actors are increasingly targeting on-premise infrastructure because it is slower to patch, harder to monitor, and more difficult to secure at scale. Wealth and asset managers operating on legacy systems are therefore particularly exposed.”

For smaller or mid-sized firms without large IT or security teams, keeping up with patches and monitoring threats can be especially challenging. This is where cloud-native platforms offer a clear advantage. These solutions are designed with automatic updates, built-in security, and rapid responsiveness to emerging threats, relieving firms of the burden of manual patching and ongoing infrastructure maintenance.

For organizations handling sensitive client data, the ability to proactively manage risk is no longer optional. It is a regulatory and reputational imperative.

“The pressure on wealth and asset managers is rising from both compliance obligations and the sophistication of cyberthreats,” added Albert Geisler Fox, CEO of Performativ. “The cloud enables a more adaptive, resilient, and secure operating model. At Performativ, we believe cloud-native architecture is the only way to truly future-proof your business.”

As financial entities re-evaluate their IT strategies in light of this incident, the SharePoint breach serves as a clear warning. Migrating to modern, secure, cloud-native platforms is no longer a strategic preference. It is essential to long-term operational resilience.