In today’s digital world, the cloud has become an indispensable tool for banks. Cloud computing enables banks to store and secure large amounts of data, provide better customer service, and reduce operational costs. But is the cloud a sustainable digital solution for banks? Let’s explore.
Gone are the days when organizations deployed one or two countermeasures, mostly antivirus and firewalls, for the most common security threats and thought it would help. As more and more sophisticated attacks grew these security measures were effective against only a small portion of attacks. This gave way to Multi-Layered Security Solutions.
Cloud computing has been incredibly helpful in lowering operating expenses, boosting speed and scalability, and simplifying simplicity of use. But it also had its own share of threats, security flaws, and complexity.