Data Breaches and Cybersecurity in Fintech - A Comprehensive Analysis

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.