Cyber threats in cross-border financial transactions

Abstract

Abstract. Cyber threats in cross-border financial transactions are one of the most pressing issues in today's digital world. With the growth of globalization and integration of financial markets, more and more transactions take place between different countries, which makes it difficult to control and protect such transactions. Financial institutions, companies and governments face a number of threats that can lead to financial losses and reputational damage. One of the main cyber threats is fraud in financial transactions. Cross-border payments are often targeted by attackers due to the complexity and multi-step nature of these transactions, which increases opportunities for covert interference. Fraudsters use phishing, social engineering and compromised payment systems to steal funds or gain unauthorized access to financial data. Phishing attacks are especially dangerous because they can target company employees who unknowingly share sensitive information.