Security and Privacy Mechanisms for 6G Internet of Everything Networks in Banking

Abstract

6G, as a platform for the internet of everything, supports high data rates and low latency and satisfies the requirements for services, massive data traffic, storage, and processing, thus providing new opportunities for accessing consumer goods and digital services. Due to its enhanced autonomy, accuracy, and predictive capabilities, artificial intelligence (AI) is anticipated to play a significant role in the evolution of 6G by enabling large-scale deployments of self-optimized and automated systems, and enhancing applications and services, including augmented/virtual/mixed reality, Industry 5.0, banking, and financial services. 6G and AI can potentially revolutionize the banking and financial industry despite cost, scalability, security, privacy, and adoption constraints. This chapter discusses security and privacy concerns in 6G and potential solutions, the relevance and impact of 6G technology to the banking and financial industry, solutions and recommendations for developing secure 6G banking and financial systems, and future research directions.