Cybersecurity in Financial Services
Abstract
Financial institutions handle a lot of money and sensitive data, making them an attractive target for cybercriminals. The safety of digital financial assets makes the finance industry very vulnerable to cyber-attacks. Banks, investment, and insurance firms are always pleasing to cybercriminals with increasingly evolving attack methods. From ransomware attacks to insider threats, the risks are diverse and ever-evolving. Cybersecurity in the financial industry refers to the practices, technologies, and processes used to protect financial institutions (such as banks, credit unions and investment companies), their customers, and their assets from cyber threats. It is an essential component of modern financial services delivery. It is a high-stakes challenge that demands constant vigilance and innovation. This paper explores the critical role of cybersecurity in the finance industry.
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Copyright (c) 2025 Matthew Nojimu Olanipekun Sadiku, Samuel Abiola Ajayi, Janet Oluyinka Sadiku
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