Digital Transformation and Cybersecurity in Banking: Managing Risks in a Cloud-First and Mobile-First World
Ralph A. Young · Productivity Press eBooks · 2025
The banking industry is undergoing a profound transformation driven by digital technologies. Cloud computing, mobile banking, open banking application programming interfaces (APIs), and blockchain are reshaping how financial services are delivered and consumed. While these innovations offer significant benefits, such as improved customer experience, operational efficiency, and new revenue streams, they also introduce complex cybersecurity challenges. In a cloud-first and mobile-first world, banks must navigate a rapidly evolving threat landscape where cybercriminals are increasingly targeting digital platforms, APIs, and emerging technologies like decentralized finance (DeFi).