The Insider Threat Landscape and the FinTech Sector
Zainab Abaid, Ahsan Saadat, Baria Mubashar Mirza · Advances in information security, privacy, and ethics book series · 2022
The increased reliance on online services during the recent pandemic has compelled businesses and operations to make a major technological shift to ensure online presence. However, this online paradigm shift has also attracted malicious agents who aim to benefit from vulnerabilities in the cyber world. These attackers target a wide spectrum of sectors including healthcare, government agencies, education, and financial services. In this chapter, the impact of insider security attacks on FinTech applications is discussed. A detailed account of insider attacks applicable on FinTech applications is provided. Moreover, solutions and recommendations are provided to make FinTech applications more secure by preventing and defending against insider attacks benefitting from emerging fields like crypto-currency, micro-finance, and robo-advisors. Successful prevention and defense against these attacks will ensure that the FinTech industry can be secure and can contribute in, as laid out in UN's Sustainable Development Goals, decent work and economic growth for the masses.