International Journal of Science, Engineering and TechnologyAuthors: Omon ENI, Arun K Menon
Abstract: The escalating frequency and severity of cybersecurity breaches in the U.S. financial technology sector have fundamentally transformed how FinTech firms approach product development and management. This study investigates the rising demand for security-first product thinking, particularly following high-profile data breaches and evolving federal regulations such as the SEC's 2023 cybersecurity disclosure requirements. Through analysis of 553 data breach incidents and regulatory changes between 2020-2023, this research reveals that U.S. FinTech companies have restructured their product management strategies to prioritize cybersecurity as a core product feature rather than an ancillary consideration. Key findings demonstrate that organizations implementing security-first product development methodologies experienced 40% lower breach costs and 108 days faster incident resolution compared to traditional approaches. The study identifies critical shifts in product management frameworks, regulatory compliance integration, and the emergence of Product Security Engineering as a specialized discipline within FinTech organizations.
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