Cybersecurity threats in FinTech: A systematic review
Article
Javaheri, Danial, Fahmideh, Mahdi, Chizari, Hassan, Lalbakhsh, Pooia and Hur, Junbeom. 2024. "Cybersecurity threats in FinTech: A systematic review." Expert Systems with Applications. 241. https://doi.org/10.1016/j.eswa.2023.122697
Article Title | Cybersecurity threats in FinTech: A systematic review |
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ERA Journal ID | 17852 |
Article Category | Article |
Authors | Javaheri, Danial, Fahmideh, Mahdi, Chizari, Hassan, Lalbakhsh, Pooia and Hur, Junbeom |
Journal Title | Expert Systems with Applications |
Journal Citation | 241 |
Article Number | 122697 |
Number of Pages | 31 |
Year | 2024 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 0957-4174 |
1873-6793 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.eswa.2023.122697 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S0957417423031998 |
Abstract | The rapid evolution of the Smart-everything movement and Artificial Intelligence (AI) advancements have given rise to sophisticated cyber threats that traditional methods cannot counteract. Cyber threats are extremely critical in financial technology (FinTech) as a data-centric sector expected to provide 24/7 services. This paper introduces a novel and refined taxonomy of security threats in FinTech and conducts a comprehensive systematic review of defensive strategies. Through PRISMA methodology applied to 74 selected studies and topic modeling, we identified 11 central cyber threats, with 43 papers detailing them, and pinpointed 9 corresponding defense strategies, as covered in 31 papers. This in-depth analysis offers invaluable insights for stakeholders ranging from banks and enterprises to global governmental bodies, highlighting both the current challenges in FinTech and effective countermeasures, as well as directions for future research. |
Keywords | Banking trojan; Business sustainability ; Cyber-attacks ; Data privacy ; Financial technology |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 460905. Information systems development methodologies and practice |
Public Notes | The accessible file is the accepted version of the paper. Please refer to the URL for the published version. |
Byline Affiliations | Korea University, Korea |
School of Business | |
University of Gloucestershire, United Kingdom | |
Monash University |
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https://research.usq.edu.au/item/z5v27/cybersecurity-threats-in-fintech-a-systematic-review
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