Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 46 , 01 December 2023
Open
Access | Article
The Influence of Fintech on Network Security and Regulatory Countermeasures
* Author to whom correspondence should be addressed.
Abstract
In recent years, with the continuous development and innovation of fintech, it also has a series of impacts on network security. This paper uses the literature review method to study the influence of fintech on financial industry network security and regulatory countermeasures. In the aspect of impact analysis, this paper first discusses the data security and algorithm risks brought by the extensive application of artificial intelligence. Secondly, the use of big data technology may lead to the risk of data leakage and abuse. Finally, lagging regulatory policies may increase security risks in the financial sector. In response to these impacts, this paper proposes four regulatory policies, such as strengthening data security and privacy protection, strengthening management efforts, balancing the relationship between innovation and risk, and introducing relevant policies. The study believes that effective regulatory measures can deal with the security challenges in the development of fintech, and ensure the stability of the financial system and the rights and interests of users.
Keywords
fintech, network security, financial supervision, risk management, financial industry
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-139-1
- ISBN (Online)
- 978-1-83558-140-7
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/46/20230315
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited