FinTech companies have been gaining momentum since the beginning of the pandemic. They have significantly improved their services and even merged with the traditional banking methods. Major banks have integrated fintech into their existing systems to offer more options. So now their customers can transfer, invest, and lend money from their smartphones or any devices.
With that said, the expansion of fintech companies did bring up some challenges, namely when it comes to cybersecurity. Hackers do acknowledge the importance of fintech. They are doing their best to exploit the existing loopholes and outdated technology to create security breaches. There were several high-profile hacks in the last year alone. So which cyber threats are most dangerous to fintechcompanies?