Although not many FinTechs have invested heavily in security within the past few years, expanding the digital landscape, especially to the cloud environment, asks for an increase in cybersecurity investments. Cybersecurity must never be an afterthought for FinTech businesses in 2022.
State Of Application Security Report by Immuniweb revealed that 98 of 100 reputable FinTech startups are exposed to hacker, phishing, and malware attacks. These figures highlight a severe issue: an entire industry, which should be secure entirely and dedicated to protecting clients’ data.