Enhancing Cybersecurity in Cloud - Based Banking - Best Practices and Technologies
Ravi Jagadish · International Journal of Science and Research (IJSR) · 2024
The migration of banking services to the cloud has significantly shifted how financial transactions are conducted and managed.However, this shift has also created significant cybersecurity challenges that pose a threat to the integrity, confidentiality, and availability of banking services.This paper aims to explore the critical importance of enhancing cybersecurity measures in cloud -based banking platforms, highlighting the complex landscape of threats that these platforms face.Through an examination of best practices and cutting -edge technologies, such as blockchain, artificial intelligence (AI), and advanced encryption, the paper outlines strategic approaches to fortify cloud -based banking against cyber threats.The discussion underscores the necessity of adopting a multifaceted cybersecurity framework that encompasses not only technological solutions but also involves regulatory compliance, employee training, and a culture of security awareness.The anticipated outcome is a resilient banking ecosystem capable of defending against current and emerging cyber threats, thereby ensuring the protection of customer data and the stability of financial markets.