Advancing network security in fintech: Implementing IPSEC VPN and cisco firepower in financial systems

Olajide Soji Osundare 1, * and Adebimpe Bolatito Ige 2

1 Nigeria Inter-bank Settlement system Plc (NIBSS), Nigeria.
2 Information Security Advisor, Corporate Security, City of Calgary, Canada.
 
Review
International Journal of Scholarly Research in Science and Technology, 2024, 05(01), 026–034.
Article DOI: 10.56781/ijsrst.2024.5.1.0031
Publication history: 
Received on 24 June 2024; revised on 05 August 2024; accepted on 08 August 2024
 
Abstract: 
This review paper explores the critical importance of network security in the financial technology (fintech) sector, focusing on implementing IPSEC VPN and Cisco Firepower. IPSEC VPN provides secure communication through encryption, authentication, and data integrity, which is essential for protecting sensitive financial data. Cisco Firepower enhances network security with advanced threat detection and prevention capabilities. The paper discusses the challenges in deploying these technologies, including configuration complexity and integration with existing systems. Future trends in fintech security are also examined, highlighting the potential of AI-driven security measures, zero-trust architectures, and blockchain technology to address evolving cyber threats. Financial institutions can ensure robust security and operational resilience by adopting these strategies.
 
Keywords: 
Network Security; Fintech; IPSEC VPN; Cisco Firepower; AI-Driven Security
 
Full text article in PDF: