A STUDY ON CYBERSECURITY IN DIGITAL FINANCIAL TRANSACTIONS

The rapid digitalization of financial services has transformed the way individuals and organizations conduct transactions, making them faster, more efficient, and globally accessible. However, this transformation has also significantly increased exposure to cybersecurity risks, including data breaches, phishing attacks, malware intrusions, and financial fraud. The research problem addressed in this study is the growing vulnerability of digital financial transactions in the absence of robust cybersecurity frameworks and user awareness. The primary objectives of this study are to examine the relationship between cybersecurity measures and transaction safety, and to analyze the impact of technological security protocols on reducing cyber threats in financial systems. The study adopts a quantitative research design using secondary data collected from financial reports, cybersecurity databases, and industry publications over the period 2018–2024. Statistical tools such as correlation and regression analysis are applied to assess relationships between variables. The findings (hypothetical) suggest that stronger cybersecurity infrastructure, including encryption, multi-factor authentication, and regulatory compliance, significantly reduces financial fraud incidents. The study contributes to existing literature by integrating technological, behavioral, and regulatory perspectives, offering insights for financial institutions, policymakers, and researchers to strengthen digital transaction ecosystems.