Fintech has completely changed how financial services are offered around the world. With money storage, financial transactions and more now being held on digital platforms, fintechs have become an attractive target in the cybercrime space. However, with the digital shift of financial services,
customers expect the utmost security now more than ever when it comes to protecting their financial wealth. Strengthened security systems often come at a higher cost and impact to users.
In order to maintain a positive reputation among competitors, preventing attacks will strengthen customer relationships and avoid embarrassing headlines. Today’s ever-shifting fraud landscape is challenging fintech companies with the balancing act of protecting user accounts, reactively mitigating attacks, and competing with the rest of the fast-paced industry