What Challenges Does the Fintech Security Sector Face? [Video]

In this article, we will discuss the major fintech security challenges that fintech companies face today.

Top Fintech Cybersecurity Challenges

Some major fintech security concerns include the following:

Cloud Computing

Cloud-based solutions are now a prominent part of software products. Cloud computing provides easy integration to multiple third-party features like payment gateways, digital wallets, bank account management, etc.

Cloud computing also ensures the easy scalability of services. As cloud service providers manage resources and networking for their customers, more businesses are opting for cloud computing practices in their businesses.

A huge cloud computing market also means a large number of users sharing cloud resources making them vulnerable to malicious data traffic from cybercriminals and hackers.

Therefore, it is quite important for fintech companies to invest in a credible cloud computing host platform.

A private cloud, for example, ensures that your cloud resources such as …