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Cybersecurity Vulnerabilities in FinTech

In: Understanding Cybersecurity Management in FinTech

Author

Listed:
  • Gurdip Kaur

    (University of New Brunswick, Canadian Institute for Cybersecurity (CIC), Faculty of Computer Science)

  • Ziba Habibi Lashkari

    (Escuela Técnica Superior de Ingenieros Informáticos, Universidad Politécnica De Madrid)

  • Arash Habibi Lashkari

    (University of New Brunswick, Canadian Institute for Cybersecurity (CIC), Faculty of Computer Science)

Abstract

This chapter instigates cybersecurity vulnerabilities in FinTech. It discusses several general and specific cybersecurity vulnerabilities exploited in the past. Specific cybersecurity vulnerabilities consist of human, technology, and transaction vulnerabilities. The overall purpose of identifying different types of vulnerabilities is to understand the user behavior in using technology to perform digital transactions. Vulnerabilities exist in every component of the FinTech ecosystem, especially the financial institutions and startups because they use innovative technology and transform traditional financial institutions into contemporary FinTech institutions. Technology developers are also related to cybersecurity vulnerabilities as they need to be aware of potential threats that can exercise vulnerabilities and flaws in the technology that they are developing.

Suggested Citation

Handle: RePEc:spr:fuobcp:978-3-030-79915-1_5
DOI: 10.1007/978-3-030-79915-1_5
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