Version 1
: Received: 28 April 2024 / Approved: 29 April 2024 / Online: 29 April 2024 (11:55:23 CEST)
How to cite:
Kapil, D. Implementing Effective Data Security Measures in Fintech Applications: Address the importance of and approaches to securing sensitive financial data. Preprints2024, 2024041920. https://doi.org/10.20944/preprints202404.1920.v1
Kapil, D. Implementing Effective Data Security Measures in Fintech Applications: Address the importance of and approaches to securing sensitive financial data. Preprints 2024, 2024041920. https://doi.org/10.20944/preprints202404.1920.v1
Kapil, D. Implementing Effective Data Security Measures in Fintech Applications: Address the importance of and approaches to securing sensitive financial data. Preprints2024, 2024041920. https://doi.org/10.20944/preprints202404.1920.v1
APA Style
Kapil, D. (2024). Implementing Effective Data Security Measures in Fintech Applications: Address the importance of and approaches to securing sensitive financial data. Preprints. https://doi.org/10.20944/preprints202404.1920.v1
Chicago/Turabian Style
Kapil, D. 2024 "Implementing Effective Data Security Measures in Fintech Applications: Address the importance of and approaches to securing sensitive financial data" Preprints. https://doi.org/10.20944/preprints202404.1920.v1
Abstract
In this research paper, we address the critical role of data security in the rapidly evolving FinTech sector. We explore the challenges and strategies for establishing robust data security systems, emphasizing the consequences of data breaches and common vulnerabilities. The paper highlights the efficacy of technologies like encryption, blockchain, and cloud security, supported by real-world case studies from leading FinTech companies. Additionally, we examine regulatory frameworks and standards essential for maintaining data security. Concluding with the proposal of an integrated security system model, the paper underscores the synergy between technological innovation, regulatory compliance, and proactive risk management in the FinTech industry
Keywords
Data Security in FinTech; Financial Technology Data Protection; Encryption Technologies in Finance; Blockchain for Financial Security; Cloud Security in FinTech; Regulatory; Frameworks in Finance; Cybersecurity Threats in FinTech; AI in Financial Security; Technological Solutions for Data Protection; FinTech Compliance and Standards; Secure Financial Transaction Methods
Subject
Business, Economics and Management, Finance
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.