Achieving data privacy and security in fintech cloud computing environments
Department of Information Technology, University of the Cumberlands, Kentucky, U.S.A.
Research Article
World Journal of Advanced Research and Reviews, 2024, 23(03), 251–255
Publication history:
Received on 22 July 2024; revised on 30 August 2024; accepted on 01 September 2024
Abstract:
The rapid adoption of Financial Technology (FinTech) has transformed the financial services industry, with cloud computing playing a crucial role in enabling scalable and efficient services. However, the reliance on cloud environments has also introduced significant data privacy and security challenges. This study explores strategies for achieving robust data privacy and security in FinTech cloud computing environments. Through a comprehensive literature review and qualitative analysis, this study identifies key threats, evaluates existing solutions, and proposes new approaches to safeguard data in FinTech. The findings suggest that a multi-layered security framework incorporating encryption, access control, and regulatory compliance is essential for mitigating risks. Future research should focus on developing standardized protocols and enhancing user awareness to address emerging challenges in this dynamic field.
Keywords:
FinTech; Cloud computing; Data privacy; Data security; Encryption; Regulatory compliance
Full text article in PDF:
Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0