Why Cybersecurity is Critical to the Future of Fintech Innovations
The fintech revolution is transforming how we manage money, from mobile payments to peer-to-peer lending. With innovation, however, comes risk. In 2023, a major fintech company faced a breach that exposed millions of accounts in minutes—just one example of the growing cyber threats in the industry.As the industry expands, so do the vulnerabilities. Cybersecurity has become a critical factor in ensuring customer trust, which is the foundation of financial services. This post will explore why strong cybersecurity measures are essential for the future of fintech innovation.