Top Cybersecurity Trends In 2022 What Does The Future Hold For Anti-Scam & Fraud Safety Experts In FinTech? A Review
Table Of Contents 1. Reviewing The Landscape - An Introduction 2. Rising Concerns In The FinTech Space 3. Three Cybersecurity Trends In FinTech
Introduction By offering a array of digital transaction services to consumers and companies across the globe, FinTech players were able to ensure that businesses didn’t come to a standstill because of the COVID-19 physical distancing regulations set in place. However, with cashless transactions becoming the norm, fraudsters and scammers also entered the arena, seeing an opportunity to steal from unassuming victims. Keeping this in mind, most FinTech companies continue to upgrade their cybersecurity measures to safeguard customer information as well as their business assets. In the following slides, we will have a quick look at the top cybersecurity trends that will rule the FinTech space in 2022.
Rising Concerns In FinTech ● New users with less awareness of how to stay safe from spammers and scammers. This may leave systems vulnerable to scams and fraud. ● Online usage is on the rise, so are online shopping scams. ● Remote working is being embraced by companies but proper safeguards are not being taken to ensure cybersecurity, which may leave their FinTech vendors exposed.
Cybersecurity Trends In FinTech
1. AI Adoption For Scam Identification 2. Entry of SASE Solutions 3. Adoption Of Blockchain Systems
1. AI Adoption For Scam Identification Major FinTech organizations are rapidly adopting the latest AI and ML tools to enhance their scam detection capabilities. These can help assess customer data for anomalies and also alert their teams in case of suspicious transactions. In the coming months, AI will prove to be an effective weapon in our fight against spam and scams, given its potential to review mountain loads of data within seconds.
2. Entry of SASE Solutions Secure Access Service Edge network architecture, which resembles multi-cloud storage solutions, can help in the unification of networks. It also connects all your existing cyber security safeguards. This trend can prove to be a gamechanger for FinTech players as it makes working on the cloud so much easier and more secure. Business can ensure seamless interactions without having to worry about security vulnerabilities.
3. Adoption Of Blockchain Systems After blockchain made its foray in the FinTech arena, it drew a lot of attention, given the next-gen data security features it brings with it. Given that data is kept secure in link-node systems, blockchain gives hackers and spammers an extremely hard time. As per reviews by cybersecurity experts, it may soon become mainstream in the industry.
Thank You! Presented & Reviewed By: Yash Dogra,
Manager, Money 2.0 Conference, https://www.money2conf.com/