Cybersecurity in Banking

byPaytm Editorial TeamLast Updated: July 31, 2025

Definition

Cybersecurity in Banking refers to the practices, technologies, and tools used to protect digital financial systems from cyber threats like hacking, phishing, and data theft.

Why It’s Important

With growing digital transactions, strong cybersecurity is critical for maintaining trust, securing user data, and preventing financial losses.

Common Measures

Multi-factor authentication, encryption, firewalls, and real-time fraud detection systems.

You May Also Like

Peer-to-Peer (P2P) TransferLast Updated: July 11, 2025

Introduction Peer-to-Peer (P2P) Transfer is a UPI payment between two individuals for personal reasons like rent, gifts, or…

Peer-to-Merchant (P2M) TransferLast Updated: July 11, 2025

Introduction Peer-to-Merchant (P2M) Transfer refers to UPI transactions where a customer sends money to a business or service…

UTI Full Form & MeaningLast Updated: February 14, 2025

What is the full form of UTI in banking & finance? The full form of UTI is Unit…

Pay RequestLast Updated: July 11, 2025

A Pay Request is a UPI-based prompt that allows users to initiate a payment to another user or…