International Journal on Science and Technology

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Cloud Security Strategies for High-Risk Financial Applications

Author(s) Prashant Singh
Country United States
Abstract The financial industry is undergoing a transformative shift with the adoption of cloud computing technologies. While cloud environments offer significant benefits such as scalability, operational agility, and cost-efficiency, they also introduce a wide range of security challenges, especially for high-risk financial applications. These applications include online banking, trading platforms, insurance services, and digital payment systems, which process sensitive data and mission-critical transactions that are frequent targets of cyberattacks. The protection of financial data within cloud environments has therefore become a top priority for regulators, financial institutions, and cloud service providers. Failure to safeguard these systems can result in catastrophic financial losses, reputational damage, and regulatory penalties. This paper systematically investigates the strategies necessary to secure high-risk financial applications deployed in cloud infrastructures. It addresses the critical security requirements from multiple perspectives, including regulatory compliance, data integrity, confidentiality, and operational resilience. The study draws upon an extensive analysis of academic literature, industry reports, and real-world case studies to identify current best practices and emerging trends in cloud security specific to the financial domain. It further proposes a framework that integrates advanced technologies such as artificial intelligence, machine learning-driven threat intelligence, and zero-trust security architectures to counter sophisticated cyber threats. Our findings emphasize that security in cloud environments must be treated as a dynamic, multi-layered process requiring continuous assessment, timely updates, and collaborative governance between all stakeholders involved. The proposed security strategies provide guidance for financial organizations seeking to safely harness the benefits of cloud computing while minimizing security risks. The research also highlights the importance of proactive threat hunting, strong encryption protocols, secure identity and access management, robust network security policies, and rapid incident response mechanisms tailored for financial use cases. By adopting these integrated approaches, financial institutions can build a resilient and compliant cloud infrastructure capable of withstanding evolving cyber threats and regulatory demands. The ultimate aim of this paper is to contribute toward safer and more reliable cloud computing adoption for high-risk financial applications, paving the way for innovation without compromising on security.
Field Engineering
Published In Volume 11, Issue 2, April-June 2020
Published On 2020-05-08
DOI https://doi.org/10.71097/IJSAT.v11.i2.6072
Short DOI https://doi.org/g9q4c3
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