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A Review of Security in Financial Technology.

Authors :
Nurmara, Muhammad Azril Kurniawan
Hakim, Muhammad Naufal
Ardy, Oey Hans Christian
Jeffrey, Reynaldo
Setiono, Vincentius Albert
Kanigoro, Bayu
Irwansyah, Edy
Source :
Procedia Computer Science; 2023, Vol. 227, p958-965, 8p
Publication Year :
2023

Abstract

Financial Technology (FinTech) is a popular name for innovative technology utilized by financial organizations, with a focus on security and privacy concerns. These concerns include threats, attacks, hostile activity, and adversaries, as well as potential responses. The goal of this study is to undertake an assessment of current advances in financial industry security and privacy issues. FinTech is viewed as a gateway to increased business potential by financial sectors and entrepreneurs, but in order to explore such possibilities, mobile applications and other digital platforms must be established. However, security vulnerabilities to mobile applications have expanded dramatically, posing a dilemma for users and FinTech entrepreneurs. The findings of this study can be used to develop a theoretical framework for FinTech security and privacy, which will provide critical support for the establishment of a trustworthy security mechanism in FinTech. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18770509
Volume :
227
Database :
Supplemental Index
Journal :
Procedia Computer Science
Publication Type :
Academic Journal
Accession number :
173854004
Full Text :
https://doi.org/10.1016/j.procs.2023.10.603