Implementation of cloud computing towards Secure Online Auction for sustainable future of business
Inderjeet Singh Sethi, Manish Shrivastava, Dinesh Goyal · 2023
Abstract: The research underlines the critical importance of cloud security in the field of online auction platforms. In an increasingly digital landscape, as these platforms serve as thriving hubs for e-commerce transactions, strong security measures are required to protect sensitive user data and financial transactions. This research explores a comprehensive analysis of cloud security practices, emphasizing their relevance and implications for online auction platforms. Key findings indicate that security breaches on these platforms can lead to serious financial losses, reputational damage, and erosion of user trust. Consequently, implementing sophisticated security measures is paramount. The report offers a multifaceted approach to addressing this issue, including encryption protocols, access controls, regular security audits, and user education. Additionally, the recommends forming strategic partnerships with trusted cloud service providers that are renowned for their security expertise. Collaborative efforts between online auction platforms and cloud service providers can enhance the overall security posture, mitigate vulnerabilities, and strengthen defenses against cyber threats. In sum, the research emphasizes the imperative need for comprehensive cloud security within online auction platforms and provides actionable recommendations to strengthen defenses and ensure a secure digital marketplace.