Enhancing Cybersecurity in Fintech Applications Through Block chain and Advanced Security Measures

Abstract

 Due to heightened levels of private and allegedly centrally stored data, fintech applications more frequently are targets of cyber-attacks that use technology to provide financial services. This paper investigates a few additional security protocols that help improve fintech applications' cyber security. Topics to be discussed include multi-factor authentication (MFA) and biometric verification, which are paired with blockchain to enable secure transactions. These strengthen the security arrangement of fintech applications and build trust among users by protecting their financial data. Using an in-depth analysis and real-life examples, this paper intends to fully explain how these technologies can be successfully deployed to counter cyber threats in fintech.