STUDY OF BANKING SECURITY USING CLOUD COMPUTING

SEEE DIGIBOOK ON ENGINEERING & TECHNOLOGY, VOL. 01, APR 2020 PP. (17-22)
Abstract– Concerns continue to be raised despite the fact that the Cloud offers a chance for a tremendous leap forward in terms of how banking operations are conducted in the modern era; however, this opportunity. These concerns can largely be broken down into two categories: compliance and the security of information and data stored in the cloud. Cloud computing has been adopted by banking institutions and the financial industry as a whole at a pace that is considered to be relatively slow. Their plan has been to wait and see how the cloud functions in terms of both its security and its robustness as an infrastructure before making any decisions about how to proceed. Although many banks have been slow or almost reluctant to use public cloud services in their core banking operations due to security concerns, public cloud computing can play a larger role in a bank’s horizontal and back-office processes that do not directly involve sensitive data pertaining to customers. This is because public cloud computing does not directly involve customers’ sensitive data.
Index Terms – Cloud computing, banking systems, cloud performance, cloud storage, and cloud security
REFERENCE

[1] N Leavitt, “Is Cloud Computing Really Ready for Prime Time?”, Computer, vol. 42, pp. 15-20, 2009.
[2] C Weinhardt, AAnandasivam, B Blau, J Stosser, “Business Models in the Service World”, IT Professional, vol. 11, pp. 28-33, 2009.
[3] F Gens, “New IDC IT Cloud Services Survey: Top Benefits and Challenges”, IDC eXchange, February 2009, [online] Available: http://blogs.idc.com/ie/? p=730.
[4] A Platform Computing Whitepaper, pp. 6, March 2010.
[5] B Dooley, “Architectural Requirements Of The Hybrid Cloud”, Information Management Online, February 2010, [online]Available:http:// www.informationmanagement.com/ne ws/hybrid-cloud- architectural-requirements 10017152-1.html.
[6] Global Netoptex Incorporated”, Demystifying the cloud. Important opportunities crucial choices, pp. 4-14, December 2009.
[7] M Lofstrand, “The VeriScale Architecture: Elasticity and Efficiency for Private Clouds”, Sun Microsystems Sun BluePrint, 09 09.
[8] M Goia, “„Cloud computing grid computing utility computing-list of top providers”, Feb 2010
[9] J Brodkin, “Gartner: Seven cloud-computing security risks”, Infoworld, March 2008.
[10] ISO. ISO 7498–2: 1989. Information processing systems- Open Systems Interconnection.ISO 7498–2.

Sreenivasalu Manda V, Ramya G, Rahu S, Rajamanikkam R, Salman D, Subashraj M
Department of Information Technology
Rathinam Technical Campus,
Coimbatore, Tamilnadu, India

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top