Financial Data Security Management in the Era of Big Data
Download PDF
$currentUrl="http://$_SERVER[HTTP_HOST]$_SERVER[REQUEST_URI]"

Keywords

Big data
Artificial intelligence
Data security
Privacy protection

DOI

10.26689/pbes.v8i2.10259

Submitted : 2025-03-30
Accepted : 2025-04-14
Published : 2025-04-29

Abstract

In the era of big data, the financial industry is undergoing profound changes. By integrating multiple data sources such as transaction records, customer interactions, market trends, and regulatory requirements, big data technology has significantly improved the decision-making efficiency, customer insight, and risk management capabilities of financial institutions. The financial industry has become a pioneer in the application of big data technology, which is widely used in scenarios such as fraud detection, risk management, customer service optimization, and smart transactions. However, financial data security management also faces many challenges, including data breaches, privacy protection, compliance requirements, the complexity of emerging technologies, and the balance between data access and security. This article explores the major challenges of financial data security management, coping strategies, and the evolution of the regulatory environment, and it looks ahead to future trends, highlighting the important role of artificial intelligence and machine learning in financial data security.

References

Goldstein I, Ye M, Spatt C, 2021, Big Data in Finance. The Review of Financial Studies, 34(7): 3213–3225.

Arena F, Pau G, 2020, An Overview of Big Data Analysis. Bulletin of Electrical Engineering and Informatics, 9(4): 1646–1653.

Cao S, Jiang W, Lei L, et al., 2024, Applied AI for Finance and Accounting: Alternative Data and Opportunities. Pacific-Basin Finance Journal, 84, 102307.

Tian X, Han R, Wang L, et al., 2015, Latency Critical Big Data Computing in Finance. The Journal of Finance and Data Science, 1(1): 33–41.

Rubel M, Emran A, Borna R, et al., 2024, AI-Driven Big Data Transformation and Personally Identifiable Information Security in Financial Data: A Systematic Review. Journal of Machine Learning, Data Engineering and Data Science, 1(1): 114–128. https://doi.org/10.70008/jmldeds.v1i01.47

Mhlanga D, 2024, The Role of Big Data in Financial Technology Toward Financial Inclusion. Front Big Data, 7: 1184444. https://doi.org/10.3389/fdata.2024.1184444

Hasan M, Hoque A, Le T, 2023, Big Data-Driven Banking Operations: Opportunities, Challenges, and Data Security Perspectives. FinTech, 2(3): 484–509. https://doi.org/10.3390/fintech2030028

Lin D, 2024, An Analysis of Risk Control in the Financial Sector Using Big Data Technology. Applied and Computational Engineering. 87(1): 167–172.

Ji W, 2023, Research and Analysis of the Security Risk Management Strategy of Big Data Technology in the Financial Industry. Proceedings of the 2023 5th International Conference on Big Data Engineering, 67–72.

Wei R, Yao S, 2021, Enterprise Financial Risk Identification and Information Security Management and Control in Big Data Environment. Mobile Information System, 7188327: 1–6.

Rahmadhani L, Ramadhan M, Rahmani N, 2024, Risk Analysis and Sustainability of Sharia Insurance in Facing the Challenges of the Digital Era. Quantitative Economics and Management Studies, 5(5): 1114–1122.

Chen N, 2023, Data Security Issues and Countermeasure Suggestions for Financial Big Data: A Literature Review. Advances in Economics, Management and Political Sciences, 41: 55–60.

Luo Y, 2021, Financial Data Security Management Method and Edge Computing Platform Based on Intelligent Edge Computing and Big Data. IETE Journal of Research, 69: 5187–5195.

Zhang R, Li J, 2024. Research on Financial Technology Risk Management and Control in the Context of the Big Data Era. Highlights in Business, Economics and Management. 43: 487–493.

Sun C, 2024, Research on Information Security Management and Protection Measures of Financial Enterprises in the Era of Big Data — Take the USA of Industrial and Commercial Bank of China. Journal of Education, Humanities and Social Sciences. 35: 39–44.