The banking industry has grasped onto the concept of fintech as nearly interchangeable with finance. Fintech is the fastest-growing sector in venture capital. The huge growth in the number and size of online platforms makes this industry very vulnerable to security breaches. Some of the problems are introduced in a rush and without keeping in mind how secure they are and how clever crooks could abuse them. Fake websites are a growing threat as banks are rolling out this feature as they try to make sure their payments reach their destination account on the same day.”]

