Addressing advanced cybersecurity measures for protecting personal data in online financial transactions

This review paper examines the imperative of advanced cybersecurity measures for protecting personal data in online financial transactions. The discussion encompasses a comprehensive analysis of current cyber threats, including phishing, malware, and ransomware, and their impact on financial transactions. Key technologies such as encryption, multi-factor authentication (MFA), and artificial intelligence (AI) are explored for their roles in enhancing cybersecurity resilience. Regulatory frameworks like GDPR and CCPA are scrutinized for their influence on cybersecurity practices in financial institutions. Best practices for individuals and institutions are outlined to mitigate risks and foster a secure digital financial ecosystem. Looking forward, future trends in cybersecurity, including AI-driven threat detection and quantum-resistant cryptography, are highlighted for their potential to shape the future of secure online transactions.'