Fintech Cybersecurity Trends in 2021
Article by Beau Peters When the pandemic struck, online bad actors took it as an opportunity to double-down on their attacks through ransomware, malware, and social engineering. Newly remote workers and remotely connected workplaces had to adapt rapidly to a greater digital threat as well as a public health crisis. Now, cybersecurity may just be the most important aspect of financial technology (fintech) in the modern world. With 2020 being the worst year on record in terms of files exposed in data breaches , a thorough security approach is necessary to combat modern dangers. Fintech relies on cybersafety more than any other digital platform. Luckily, new tech trends could help keep our financial data safe even with an increase in risk. Here’s what you should know. The Rising Risks The widespread shift to a work-from-home (WFH) economy left countless networks vulnerable to cyber attacks. Hastily implemented cloud data processes and security needs failing to keep pace with te...