FinTech is the ever-growing slang term for technology in the financial industry. As technology has been growing at a fast pace for decades now, the financial industry is finally starting to catch up. And, with new technology comes new security issues. Many people think that anything that’s done online can be easily hacked, however, there are many ways to stay safe while using technology.
FinTech companies are working in a more secure world that may come with new user experiences. A popular example of increased security is two-factor authentication. An example of this would be entering in a password, and then receiving a code via email that needs to be entered in prior to being logged into a website or application. Although technology companies are working to be more secure, there are many things a smart consumer can do to continue protecting themselves.