Establishing secure financial infrastructure using cloud computing and encrypted data management

A cloud computing offers numerous advantages in terms of cost strictly compared to the other models, i.e., it makes available to a broad audience the opportunity of taking advantage from provided infrastructure and services. However, it introduces new security and reliability concerns. Financial Institutions had to spend a lot of efforts in keeping data safe and protected. These sensitive data – if affected by breach – are able to damage customers to the same level of institution, with a risk for consumers of loss or damaging of capital and for banks or financial institutions of losing market share, damage to brand or revealing of confidential information.