Title: Personal data protection in the age of digital financial systems

Authors: Anitha Kumari

Addresses: Department of Information Systems, GITAM School of Business, GITAM (Deemed to be University), Bengaluru, Karnataka, India

Abstract: In the age of digital banking, protecting personal information is essential because of the growing risks of data breaches and cybercrime. This study developed a conceptual framework for protecting personal data in digital financial systems by assessing existing cybersecurity measures, regulatory compliance, and new technologies. This study identifies key risks including data breaches, cyber threats, and compliance violations and explores potential solutions such as blockchain, artificial intelligence, and encryption technologies. This highlights the relevance of legislative frameworks, such as GDPR and CCPA, in improving data privacy, as well as the responsibility of consumers to protect their personal information. The report also analyses the influence of the dark web on financial data security and emphasises the importance of comprehensive threat intelligence and monitoring. The findings indicate that coordination among financial institutions, regulators, and customers is critical for reducing risk and maintaining data privacy in digital financial ecosystems.

Keywords: data protection; cybersecurity; General Data Protection Regulation; GDPR; emerging technologies; potential solutions.

DOI: 10.1504/EG.2026.151989

Electronic Government, an International Journal, 2026 Vol.22 No.2, pp.220 - 240

Received: 22 Feb 2024
Accepted: 25 Mar 2025
Published online: 02 Mar 2026 *

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