International Journal of Scientific Research and Engineering Development

The rapid evolution of digital technologies has significantly transformed the banking sector, enabling faster transactions, enhanced customer experiences, and improved operational efficiency. Technologies such as mobile banking, cloud computing, artificial intelligence (AI), big data analytics, and blockchain have redefined traditional banking services. However, this digital shift has also increased the exposure of banks to various security risks, including cyberattacks, data breaches, fraud, and identity theft. This paper examines the role of digital transformation in modern banking and analyses the major security risks associated with digital banking systems. It further discusses challenges faced by banks in managing cybersecurity threats and highlights effective security measures to ensure safe and reliable digital financial services.

Mrs.Deepa V, Ms.Kowsalya P,"Digital Transformation and Security Risk in the Banking Sector" International Journal of Scientific Research and Engineering Development, V9(1): Page(1746-1749) Jan-Feb 2026. ISSN: 2581-7175. www.ijsred.com. Published by Scientific and Academic Research Publishing.