Data Leakage in Business and FinTech
Usama Habib Chaudhry, Razi Arshad, Naveed Naeem Abbas, Adeel Ahmed Zeerak · Advances in information security, privacy, and ethics book series · 2022
With the advent of the internet and day-by-day advancement in technology, traditional services started to utilize technology to offer better, digitized, cutting-edge services. Financial services called FinTech are one such example of the adoption of cutting-edge technologies. On the other hand, with the adoption of technologies comes to the cybersecurity risks associated with them. Data leakage is one big issue in FinTech and business-related applications and services. The main aim of this chapter is to identify different ways and methods by which data leakage occurs and its adverse effects on organizations providing FinTech services. Furthermore, this chapter explores the various solutions and challenges in their implementation. It is concluded that no single solution can handle data leakage from all perspectives. Multiple solutions need to be combined and utilized to handle all scenarios.