Abstract: Highlights•Adopting PRISMA methodology to investigate cybersecurity threats in FinTech.•Identifying the most effective defense strategies to negate the threats by examining 74 published papers.•Comparing the threats and defenses from different perspectives, including their impacts and technical details.•Proposing a novel and refined taxonomy of security threats and defense strategies in FinTech.•Recommending future research directions to address existing security gaps in current FinTech systems.
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