Running Head: FINANCIAL SECURITY1Financial securityStudents NameInstitution AffiliationDateFINANCIAL SECURITY2IntroductionThe financial services across the world are faced by challenging security issues through asystem of evolving cybersecurity. Some issues are utmost to the management of services in thefinancial sector according to the development of third-party risk and customer data. Many financialinstitutions are required to handle security issues in the industry to help generate an edible landscapeof managing customers' expectations. There is an increased system of sophisticated cyber criminalsdue to the advancement of the technology system. Security issues are turning to be the mainchallenge to the performance of different stakeholders in financial institutions. The idea ofcybercriminals is not well understood in the sense of assessing risk for the individual institution andthe conceptual framework of its functioning (Solomon, 2017). The idea of cybersecurity is analyzedthrough preparedness capabilities, assessing security issues, and analyzing the exposure of risks inthe financial system. The use of the internet is really expanding globally because of the internationaltelecommunication system. The access of the internet has fostered digital tools of operating in thefinancial system. Many mobile banking technologies are exposed to many risks of cybersecurity,according to the research study.Background InformationThe use of the internet ac ...
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