It has been seen that fintech companies that are most exposed to security threats and vulnerabilities mostly adhere to the concept of a single-window solution to all kinds of security threats. In reality, there cannot be one comprehensive security tool to take care of multifa...
FinTech threat modeling follows a structural approach that focuses on attacks, attackers, software, and assets. Several threat modeling methodologies such as STRIDE, Trike, VAST, and PASTA, can be applied to protect FinTech institutions. However, PASTA is the best fit for FinTech owing to the ...
A medium-sized FinTech company from the US was preparing to launch their new service. It was a cruptocurrency platfrom with buying and selling functions. But with a growing range of platforms, risks grow as well. Their senior management wanted “bulletproof” cyber security for their clients....
The State of Cybersecurity in FinTech: Numbers Don’t Lie The statistics are alarming. In 2024 alone, theaverage cost of a data breach in the financial sector was over $6 million. These figures are especially concerning for FinTech firms, which are often more vulnerable due to their relia...
1. The Risks in Fintech Security To safeguard yourfintech appfrom potential threats, it’s crucial to understand the inherent risks in fintech security such as identity thefts, DDoS and phishing attacks, and integration loopholes. Identity theftscan lead to unauthorized access to sensitive customer...
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Key amendments in the Draft include the following: (1) legal liability concerning network operation security; (2) legal liability concerning network information security; (3) legal liability concerning the security of personal inform...
Financial organizations had the second highest cybersecurity breach costs—averaging almost $6 million last year. As cyber-threats escalate and diversify, financial services firms must look for new ways to address them. Cybersecurity is a data problem. Collecting and analyzing all of the data ...
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As smarthome adoption rises, cybersecurity is becoming increasingly important for consumers to defend against privacy invasions and data losses. Most connected devices have weak built-in security and need a network wide cyber protection that is always up to date to protect against evolving threats. ...