CYBERSECURITY THREATS IN THE FINANCIAL SECTOR: TRENDS AND MITIGATION STRATEGIES
The financial sector has witnessed an unprecedented rise in cybersecurity threats, reflecting a broader global trend toward increasingly sophisticated and targeted cyberattacks. As digital transformation continues to reshape financial services, the sector’s vulnerability to cyber incidents has become a critical concern for stakeholders. This article presents a comprehensive examination of evolving cybersecurity threats within the financial ecosystem, including phishing, ransomware, insider threats, and advanced persistent threats (APTs). It further explores contemporary mitigation strategies, emphasizing regulatory compliance, Zero Trust Architecture, AI-based threat detection, and incident response frameworks. Employing a mixed-methods approach combining content analysis and case studies, the study highlights industry best practices and identifies persistent challenges in achieving resilient cybersecurity. The findings underscore the need for a proactive, layered, and adaptive cybersecurity posture in financial institutions. By aligning technological innovation with strategic governance, the sector can fortify its infrastructure and maintain stakeholder trust in an era of accelerating digital risk.
Cybersecurity, Financial Sector, Threat Mitigation, Digital Finance, Risk Management, Zero Trust, Cyber Resilience, Phishing, AI Security.