Securing Fintech: Evaluating the impact of multi–factor authentication on Cyber Threats
Shivani Kumari, Kundana Sindhu, Dr.K. Krishna Kumari · International Research Journal on Advanced Science Hub · 2025
FinTech's rapid expansion has transformed financial services but also heightened cyber threats, demanding stronger security measures. Multi-Factor Authentication (MFA) enhances protection by requiring multiple verification factors, reducing unauthorized access and financial fraud. This study examines the relationship between demographic factors (age, gender, occupation, income) and users’ perceptions of security in FinTech platforms with MFA. It also assesses MFA’s impact on users' confidence in FinTech security. Using a sample of 100 respondents, ANOVA and descriptive statistics analyze both qualitative and quantitative data, offering insights for policymakers and cybersecurity stakeholders.