Cloud Control: Securing Financial Data in the Age of Cloud Computing

The whitepaper explores the impact of cloud computing on data security in the financial sector. It highlights the rapid adoption of cloud services, projecting a doubling of the global market by 2025. The key challenges include ensuring data integrity and confidentiality amid rising cyber threats. The strategies for enhanced cloud security are explored which shows data classification, encryption, access control, and compliance with regulations like GDPR and CCPA. The case studies from Capital One and DBS demonstrate the benefits of cloud adoption. Looking forward, the focus will be on zero trust architecture, AI - driven threat detection and multi - cloud security solutions to maintain trust and protect consumer data.