Securing Financial Services through Advanced Cryptographic Techniques: A Comprehensive Framework for Private Data Protection

Abstract

In this paper, we present a new security framework for securing financial services with stateoftheart cryptographic primitives to fully secure sensitive data. The financial industry now refers to an increasing amount of digital transactions and productivity that shares information, so the cyber threats related are more increased in number high & must pack about strong as well allow flexibility security solutions. With the help of leading cryptographic techniques and tools for data encryption, integrity & availability Meek also solved this situation. This is a deep dive study, starting with an extensive literature review on the state of cybersecurity in financial services today and identifying both vulnerabilities they perceive as serious but also cryptographical solutions already available in response to those problems. Next, it explores the concrete cryptographic primitives that underlie this approach such as fullyhomomorphic encryption, multiparty computation and homormphically verifiable secret sharing. These new practices offer safer data processing and analysis without revealing the privacy of critical financial information.