Application of cloud computing in banking and electronic commerce: advantages, challenges and security threats

With the development of the Internet and its applications, Internet banking has been proposed as an effective and efficient way to provide services to customers. At the end of the previous decade, cloud computing has been considered as a revolution in the use of the Internet, which has had a great impact on the ways of providing services. In terms of improving services based on customer needs, cloud computing has been a major movement in the service of information and is one of the most powerful inventions that has captured the curiosity of technologists around the world. Cloud computing has many advantages, but it also has many security risks that cannot be ignored by any organization. For the successful adoption of cloud computing in a company, proper planning and awareness of emerging risks, threats, vulnerabilities and potential solutions are necessary. Consequently, determining the most effective solution guidelines for enhancing cloud security has become important for all cloud operations. This research is investigating and evaluating the most significant advantages, challenges, risks of network security and data security in cloud systems based on literature review. As many businesses have promoted and marketed virtualized environments as a solution to current security concerns, a deeper look reveals that virtualization adds additional software to the network system that, if poorly constructed and deployed, can have a negative impact on security.