Cybersecurity is of paramount importance in the financial sector, where sensitive data and transactions are abundant. This research paper delves into the potential of blockchain technology as a robust solution to fortify cybersecurity in financial institutions. Using a case study approach, we investigate realworld examples to explore the practical applications and benefits of blockchain technology in enhancing security within the financial industry. There are several key advantages of blockchain technology in enhancing cybersecurity. These advantages include immutable ledgers, decentralized consensus mechanisms, and smart contracts, all of which contribute to a more resilient and secure financial ecosystem. Moreover, the paper examines the potential limitations and challenges faced in implementing blockchain, including regulatory concerns and scalability issues. As the financial industry continues to evolve, embracing blockchain technology is a critical step towards mitigating cybersecurity threats and ensuring the trust and confidence of clients and stakeholders.
Blockchain technology, Cyber security, Financial institutions, Case study, Data protection, Trust, Financial security.