Digital Banking Under Siege: Trends and Challenges in Emerging Security Threats

Financial services have changed as a result of the growing reliance on digital banking technologies, yet there are also serious security and privacy issues. Based on existing literature, this research aims to examine the literature in order to identify the vulnerabilities affecting the integrity of the digital banking systems such as malware, phishing and data breach attacks. It also looks at the effectiveness of employing various risk mitigation methods such as multi-factor authentication, encryption, and biometric verification. Other areas of focus include the impact of user awareness campaigns and the effects of legislative measures on security enhancements. The findings stress the importance of developing effective strategies and remaining up to date with technological changes to address evolving threats. This article provides an extensive analysis of new technologies and effective methods in order to ensure a safer comprehensive environment for digital banking.