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Informative Article | Computer Science & Engineering | United States of America | Volume 13 Issue 3, March 2024 | Popularity: 5 / 10

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Enhancing Cybersecurity in Cloud - Based Banking - Best Practices and Technologies

Ravi Jagadish

Abstract: 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.

Keywords: Cloud - based banking, Cybersecurity, Blockchain, Artificial Intelligence (AI), Data Encryption, Multi - Factor Authentication, Security Audits, Threat Detection

Edition: Volume 13 Issue 3, March 2024

Pages: 422 - 426

DOI: https://www.doi.org/10.21275/SR24306144435

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