Securtisation of Data and Best Practices Privacy in Banking Sector

Abstract

The protection of customer information and financial data is of paramount importance to banks to maintain trust and confidence in their services. This research paper delves into the dynamic landscape of data privacy and security within the banking industry, examining the multifaceted challenges encountered by banks. It further investigates the proactive measures, best practices, challenges in data privacy and strategic approaches implemented to fortify the protection of sensitive information. By analyzing the current landscape, regulatory frameworks, and emerging technologies, this paper aims to provide insights into effective data protection and challenges for banks.