Cyber Resilience Strategies for Cloud-Based Financial Systems
DOI:
https://doi.org/10.63282/3050-9246.IJETCSIT-V4I1P104Keywords:
Cyber Resilience, Cloud Security, Financial Systems, Business Continuity, Disaster Recovery, Cloud Infrastructure, Data Encryption, Incident Response PlanningAbstract
In recent years, the increasing reliance of financial institutions on cloud-based systems has introduced a new array of challenges and opportunities in cybersecurity. The evolving threat landscape, alongside the complexities of managing cloud infrastructures, necessitates the development of comprehensive cyber resilience strategies to safeguard sensitive financial data. Cloud-based financial systems are particularly vulnerable to cyber-attacks due to the shared responsibility model and reliance on third-party vendors. This paper explores the key strategies for enhancing cyber resilience in cloud-based financial systems, focusing on risk assessment, data protection, disaster recovery, and compliance with regulatory frameworks. A multi-layered security approach, combined with continuous monitoring, is crucial for mitigating emerging threats such as ransomware, insider attacks, and data breaches. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) technologies in threat detection and incident response has shown promising results in improving resilience. This paper also highlights real-world case studies and best practices, demonstrating the successful implementation of cyber resilience strategies across the financial sector. The growing complexity of cyber threats, combined with rapid advancements in technology, demands ongoing research and adaptation of security measures to ensure the long-term security and stability of cloud-based financial systems
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