24th MEB Conference - Budapest, 24.04.2026

This study explores the impact of cybersecurity on digital payments, specifically examining how cyberattacks affect these systems. Using a case study approach and analyzing existing cybersecurity reports and academic research, the study reveals that while platforms like Alibaba and Revolut employ robust security measures like encryption and access control, they still struggle to effectively counter cyber threats. The research highlights the crucial role of both technological solutions and ongoing user education in strengthening digital payment security. These findings offer insights into digital payment platforms seeking to improve their cybersecurity strategies and user engagement to ensure transaction security and reliability. However, the reliance on publicly available data and literature may limit the study's scope, as it may not capture the full range of unpublished cybersecurity challenges faced by these platforms.