International Journal on Science and Technology

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Security and Privacy Considerations for Financial Institutions Migrating to Cloud Infrastructure

Author(s) Raghu Danda, Dr. Rajkumar Banoth
Country United States
Abstract This comprehensive article examines the evolving landscape of cloud infrastructure adoption in the financial services sector, focusing on security considerations, challenges, and mitigation strategies. The article explores the multifaceted nature of cloud security risks, including data protection, regulatory
compliance, and operational resilience. It details the shared responsibility model between cloud service providers and financial institutions, highlighting the critical importance of clear security frameworks and governance structures. The article discusses advanced security measures, including AI-driven monitoring systems, quantum-resistant encryption, and automated compliance tools, while addressing the significance of security-by-design principles and incident response capabilities. The article provides insights into best practices for implementation, emphasizing the role of continuous monitoring, adaptive security controls, and collaborative approaches to risk management in the financial sector's cloud environments.
Keywords Cloud Computing Security, Financial Institutions, Privacy Compliance, Risk Management, Security Framework
Field Computer
Published In Volume 16, Issue 1, January-March 2025
Published On 2025-03-07
Cite This Security and Privacy Considerations for Financial Institutions Migrating to Cloud Infrastructure - Raghu Danda, Dr. Rajkumar Banoth - IJSAT Volume 16, Issue 1, January-March 2025. DOI 10.71097/IJSAT.v16.i1.2301
DOI https://doi.org/10.71097/IJSAT.v16.i1.2301
Short DOI https://doi.org/g87cvz
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