Risk Management In Cloud Banking
Cloud computing is the modern means of collecting, storing and recovering the data. It is the advanced level of retrieving information relating to the specific concern. Because of the efficient service of cloud, users benefits by time and effort. It also has vast number of disadvantages. Although cloud computing possess an advanced software of accessing data, it has to overcome certain issues and risk like privacy, technical issue, sharing information, data location, outsourcing risk, migrating complexity, downtime, long term viability, speed and latency, mitigation etc. Banks distinguished manner of selecting software plays an essential role in cloud banking. When banks switch over to cloud, they must be ready to tackle the critical hurdles in the process in an effective manner with the steps involved to overcome risk which is mentioned in this article. Aim of our study is to make a clear view on cloud banking and to provide simple ways to conquer the risk entailed in the cloud banking sector