An In-Depth Look at Cyber Technology in the Finance Industry

The study delves into the ways cyber technology is revolutionizing the finance industry.It looks at how technologies like cloud computing, artificial intelligence (AI), blockchain, and big data analytics are increasing security, efficiency, and the way financial operations are conducted.Financial institutions are becoming more susceptible to complex assaults as a result of these innovations, which bring new cybersecurity concerns despite their usefulness in areas such as automated trading, fraud detection, and customer support.The research looks at how to implement these technological improvements while still meeting the requirements of strong cybersecurity, following regulations, and managing risks.The capacity to innovate while keeping systems secure and resilient is crucial to the future success of the financial industry, it concludes.

Publication Details

Journal
International Research Journal of Modernization in Engineering Technology and Science
Published
2024-09-23
DOI
https://doi.org/10.56726/irjmets61518
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

An In-Depth Look at Cyber Technology in the Finance Industry

International Research Journal of Modernization in Engineering Technology and Science
FinTech, Crowdfunding, Digital Finance
article

An In-Depth Look at Cyber Technology in the Finance Industry

article en

Abstract

The study delves into the ways cyber technology is revolutionizing the finance industry.It looks at how technologies like cloud computing, artificial intelligence (AI), blockchain, and big data analytics are increasing security, efficiency, and the way financial operations are conducted.Financial institutions are becoming more susceptible to complex assaults as a result of these innovations, which bring new cybersecurity concerns despite their usefulness in areas such as automated trading, fraud detection, and customer support.The research looks at how to implement these technological improvements while still meeting the requirements of strong cybersecurity, following regulations, and managing risks.The capacity to innovate while keeping systems secure and resilient is crucial to the future success of the financial industry, it concludes.

International Research Journal of Modernization in Engineering Technology and Science
Openalex Percentile: Top 76%
FinTech, Crowdfunding, Digital Finance
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