1)Introduction – Challenges o Have to implement a

1)Introduction

–         
Definition
of cloud computing

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–         
Explanation
of PaaS, IaaS and SaaS

–         
The need of
Cloud computing within the banking sector.

–         
The
potential issues of using cloud computing.

–         
Its
implication social, ethical and professional implications.

2) Security risks

Elevated access right

–         
Explanation
on the concept of elevated access right

–         
Banking
security failure example

–         
Social,
ethical and professional implications

–         
Cite
related laws

Data
location

–         
Explanation
on the concept of Data location

–         
Banking
security failure example

–         
Cite
related laws

–         
Social,
ethical and professional implications

Recovery

–         
Explanation
on the concept of Recovery

–         
Banking
security failure example

–         
Cite
related laws

–         
Social,
ethical and professional implications

Long term viability

–         
Explanation
on the concept of long term viability

–         
Banking
security failure example

–         
Cite
related laws

–         
Social,
ethical and professional implications

 

3) Emerging security
threats

Social networking attacks

–         
Relation
between social media and cloud computing

–         
Social
engineering to get credentials

–         
Phishing
attack targeting banking clients

–         
Examples of
past issues encountered

–         
Social,
ethical and professional implications

Mobile device attacks

–         
Increase
use of mobile devices and apps

–         
Banking
apps connect to cloud via API

–         
The rise of
hacking through unsecured internet connections – unsecured WIFI connection

–         
Legal laws /
data protection act

–         
Social,
ethical and professional implications

4) Risks assessments

–         
Security
requirements

o  
Thoroughly
implemented security measures

o  
Deep
auditing permission in case of incident

o  
Penalty
clauses in case of incident

–         
Challenges

o  
Lack of
negotiation power

o  
Perceived
limitation in certification.

5) Existing solutions

–         
Private
cloud system – bank host its own cloud computing platform

–         
Challenges

o  
Have to
implement a cloud service department

o  
Costly

o  
Have to
find necessary IT, and human resources

–         
Benefits

o  
Solve
numerous security issues

o  
No vendor
lock in

o  
Marketing
strategy to attract customer 

o  
Considerably
lesser social, ethical and professional issues.