#313 Fintech Companies In Trouble

Bootstrapping Your Dreams Show

02-11-2022 • 1 min

FinTech companies are changing the world that we transact, how we exchange money, how, and how we move money internationally and domestically. But there is a great threat to this industry, cybersecurity, you know, cybercrime is on the rise. And it has increased by 1000s of percent in the last three years. The primary target for cyber crimes tends to be financial institutions, or companies dealing with finance technology. Why? Because that's where the money is. You see the malicious user, know how to follow the money, and they follow these companies, and they try to attack them with things like stealing the funds, which may not be traceable. So all these problems are plaguing the financial industry.

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