Enhancing Cybersecurity in Cloud - Based Banking - Best Practices and Technologies
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
How to Cite?: Ravi Jagadish, "Enhancing Cybersecurity in Cloud - Based Banking - Best Practices and Technologies", Volume 13 Issue 3, March 2024, International Journal of Science and Research (IJSR), Pages: 422-426, https://www.ijsr.net/getabstract.php?paperid=SR24306144435, DOI: https://dx.doi.org/10.21275/SR24306144435