Authors :
Aahwaan Khullar
Volume/Issue :
Volume 10 - 2025, Issue 4 - April
Google Scholar :
https://tinyurl.com/4f9cjfbk
Scribd :
https://tinyurl.com/d72nfwtf
DOI :
https://doi.org/10.38124/ijisrt/25apr1107
Google Scholar
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Abstract :
This research paper provides a comprehensive analysis and review of cybersecurity in the FinTech industry,
focusing on the vulnerabilities and cyberattack methods that threaten digital financial platforms. The study examines the
constant threats to cybersecurity in the FinTech industry and the impact of emerging technologies such as blockchain,
Artificial Intelligence and Machine learning on cybersecurity. It strongly analyses several vulnerabilities in the Fintech
sector including Malware attacks, DDoS attacks, Data leakages and much more which undermine the reliability of FinTech
companies. Furthermore, through case studies and scholarly analysis, the study suggests multi-factor authentication, AI-
powered threat detection, Cloud security measures, API security and more robust regulatory frameworks as important
mitigating techniques.
References :
- Kshetri, Nir (2016). “Cybercrime and Cybersecurity in India: Causes, Consequences and Implications for the Future” Crime, Law and Social Change, 66 (3), 313–338.
- Sharma, A., Tyagi, A., & Bhardwaj, M. (2022). Analysis of techniques and attacking patterns in cyber security approach: A survey. International Journal of Health Sciences, 6(S2), 13779–13798. https://doi.org/10.53730/ijhs.v6nS2.8625
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- MFSA- Fintech: Risks and Benefits https://www.mfsa.mt/consumers/consumer-awareness/consumer-awareness-and-campaigns/fintech-risks-and-benefits/
- Gosha, Pranavi ‘Rise of Fintech and its Challenges: A study on Cybersecurity Threats to Fintech Industry, Indian Institute of Foreign Trade, Delhi https://campus360.iift.ac.in/secured/DProject/5778/Final7341929214559.pdf
- Danial Javaheri, Mahdi Fahmideh, Hassan Chizari, Pooia Lalbakhsh, Junbeom Hur, ‘Cybersecurity threats in FinTech: A systematic review’ https://www.sciencedirect.com/science/article/abs/pii/S0957417423031998
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- Cybersecurity and Fintech at a Crossroads https://www.isaca.org/-/media/files/isacadp/project/isaca/articles/journal/2019/volume-1/cybersecurity-and-fintech-at-a-crossroads_joa_eng_0219.pdf
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- Khayer A, Alam S. Application of Management Information Systems in the Financial Sector: An Overview of FinTech Innovations. SSRN; 2023.
- Najaf K, Mostafiz MI, Najaf R. Fintech firms and banks sustainability: why cybersecurity risk matters? International Journal of Financial Engineering. 2021 Jun 19
- Hermiyetti H. LEVERAGING FINTECH INNOVATIONS TO ENHANCE FINANCIAL MANAGEMENT EFFICIENCY: A COMPREHENSIVE ANALYSIS OF IMPLEMENTATION STRATEGIES AND IMPACT ON ORGANIZATIONAL PERFORMANCE. INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE. 2023 Nov 26
This research paper provides a comprehensive analysis and review of cybersecurity in the FinTech industry,
focusing on the vulnerabilities and cyberattack methods that threaten digital financial platforms. The study examines the
constant threats to cybersecurity in the FinTech industry and the impact of emerging technologies such as blockchain,
Artificial Intelligence and Machine learning on cybersecurity. It strongly analyses several vulnerabilities in the Fintech
sector including Malware attacks, DDoS attacks, Data leakages and much more which undermine the reliability of FinTech
companies. Furthermore, through case studies and scholarly analysis, the study suggests multi-factor authentication, AI-
powered threat detection, Cloud security measures, API security and more robust regulatory frameworks as important
mitigating techniques.