Core Insights - The rapid development of fintech is reshaping the financial industry, presenting both opportunities and challenges, particularly in terms of security issues such as data breaches and cyberattacks [1][2] - The importance of digital security and data governance has become increasingly prominent with the integration of AI and other digital technologies across various sectors [1][2] Digital Financial Security Challenges - The complexity and cross-border nature of digital financial security are becoming more evident, with issues like data security, algorithm bias, and model risk potentially leading to unauthorized use of customer information and affecting the accuracy and fairness of financial decisions [1][2] - AI can aid in risk prevention by analyzing data to identify fraudulent activities and provide early warnings, but it can also amplify risks if misused or if ethical and regulatory gaps are present [2][3] Market Growth and Investment - Cyberattacks are occurring at an alarming rate, with over 600 million attacks reported daily, and the complexity of these attacks is increasing exponentially [2] - The Chinese cybersecurity market is projected to grow from $11 billion in 2023 to $17.1 billion by 2028, with a compound annual growth rate of 9.2% [2] Technological Advancements - Quantum technology is highlighted for its significant application value in enhancing financial security systems, particularly in secure cross-border payment data transmission [3] - The optimization of technical architecture and the construction of an ecological system are essential for a multi-dimensional collaborative approach to financial security [6] Role of Financial Institutions - Financial institutions play a crucial role in maintaining financial security through risk prevention in daily transactions and systemic financial risk management [4] - Institutions are encouraged to balance security boundaries and effectiveness when applying technologies like AI, with a focus on selecting appropriate and effective technologies [5] Ecosystem Development - The future of AI competition is expected to be an ecosystem versus ecosystem competition, emphasizing the need for a collaborative approach in building a secure financial ecosystem [6] - Financial institutions are urged to actively participate in creating a collaborative ecosystem to enhance security defenses across industries [6]