Navigating the nexus of security and privacy in modern financial technologies
Jaramogi Oginga Odinga University of Science and Technology, Bondo, Kenya.
Review Article
GSC Advanced Research and Reviews, 2024, 18(02), 167–197.
Article DOI: 10.30574/gscarr.2024.18.2.0043
Publication history:
Received on 26 December 2023; revised on 06 February 2024; accepted on 09 February 2024
Abstract:
As the financial service sector rapidly evolves with the integration of cutting-edge technologies, the intersection of security and privacy becomes paramount. This paper delves into the intricate landscape of security and privacy issues within the financial service sector, offering a comprehensive analysis of the challenges and opportunities presented by emerging technologies. From blockchain to artificial intelligence, the paper explores the vulnerabilities inherent in these innovations and the consequential threats to sensitive financial data. Through an examination of recent case studies, regulatory frameworks, and technological advancements, this work aims to provide a nuanced understanding of the evolving threat landscape. Additionally, the paper proposes strategic solutions and best practices to fortify the security and privacy architecture surrounding financial technologies, fostering a resilient and trustworthy ecosystem. This research contributes to the ongoing dialogue surrounding the imperative of safeguarding financial systems, ensuring that innovation aligns seamlessly with the imperatives of confidentiality, integrity, and availability in an era where financial services and technological advancements are inextricably linked.
Keywords:
Attacks; Fintech; Privacy; Security; Threats
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
