The Role of Artificial Intelligence in Mitigating Cyber Security Issues and its Impact on FinTech

Abstract

Given the status of cybersecurity today, it seems natural that researchers are seriously considering how artificial intelligence may help breakthroughs in conventional cybersecurity techniques. Some of the issues linked to cybersecurity have been mitigated by various technical developments. The use of Big Data, Blockchain technology, and behavioral analytics, to mention a few, can make these breakthroughs possible in financial sector. In order to measure the factors that assist in eliminating cyber security issues in financial technology this research was conducted. An empirical approach used to acquire the findings. Data were collected from 70 different branches of the banks (public and private) located in Dubai UAE. 201 valid respondents employed to test for statistical analysis. The research was purposive to measure primary data from FinTech sector where as secondary data used to authenticate the hypothesized model of the proposed research. Data was tested using SmartPLS 4.0 by applying, reliability, validity, discriminant validity and hypothesis testing. The analysis indicate that artificial intelligence has a greater propensity to resolve cyber security challenges in the financial sector.

Keywords: Training, Statistical analysis, Companies, Machine learning, Data models, Behavioral sciences, Risk analysis.