Cybersecurity in mobile fintech applications: Addressing the unique challenges of securing user data
Adebayo Yusuf Balogun, Kingsley Nana Peprah, Solomon Olaniyi Martins, Stacey Obielu, Job Adegede, Isyaku Abdullahi Odoguje, Ebuka Mmadueke · World Journal of Advanced Research and Reviews · 2024
With the rapid proliferation of mobile fintech applications, the financial industry has witnessed significant transformations in how consumers manage, transfer, and invest money. However, the increasing reliance on mobile platforms has also introduced unique cybersecurity challenges. This review paper examines the specific threats facing mobile fintech applications, evaluates current security measures, and discusses future directions to enhance user data protection. Through an analysis of recent literature, this paper aims to provide a comprehensive overview of the state of cybersecurity in mobile fintech and the ongoing efforts to secure sensitive financial information.