Future-Proofing Online Transactions: AI, Blockchain, and Zero-Trust Cybersecurity Models- A Review

Abstract

The Internet’s expansion has changed how the services accessed and businesses operate. Blockchain is an innovative technology that emerged after the rise of the Internet. In addition, it maintains transactions on encrypted databases that are distributed among many computer networks, much like digital ledgers for online transactions. This technology has the potential to establish a decentralized marketplace for Internet retailers. Sensitive information, like customer data and financial statements, should be routinely transferred via e-commerce. As a result, the system becomes a prime target for cybercriminals seeking illegal access to data. As e-commerce increases, so does the frequency of hacker attacks that raise concerns about the safety of e-commerce platforms’ databases. Owing to the sensitivity of customer data, employee records, and customer records, organizations must ensure their protection.

As financial institutions navigate an increasingly complex cyber threat landscape and regulatory ecosystem, there is a pressing need for a robust and adaptive security architecture. This paper introduces a comprehensive, Zero Trust model-based framework specifically tailored for the finance industry. It encompasses identity and access management (IAM), data protection, and device and network security and introduces trust through blockchain technology. This study provides a literature review of existing Zero Trust paradigms and contrasts them with cybersecurity solutions currently relevant to financial settings.

To build a strong financial ecosystem, the suggested AI-enhanced blockchain framework uses real-time fraud detection algorithms, cryptographic encryption, and smart contracts. Artificial intelligence (AI) methods like natural language processing (NLP) and deep learning examine transaction patterns, identify malicious activity, and improve security measures.