Securing Banking Applications in the Cloud: Challenges and Strategies for Enhanced Security

As the banking sector embraces virtual transformation, cloud computing gives a myriad of advantages such as scalability, agility, and cost-efficiency. However, the migration of banking applications to the cloud introduces precise protection demanding situations that must be addressed to guard sensitive financial information and ensure regulatory compliance. This studies paper examines the precise security worries related to deploying banking programs within the cloud and explores techniques and best practices for mitigating risks and improving security position. Through a complete evaluation of existing literature, case studies, and regulatory frameworks, this paper provides insights into the evolving landscape of cloud structures safety in banking programs and offers steering for banking institutions to navigate this paradigm shift securely.