Cloud Computing Security Issues in Banking Organizations

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ITC571 - Annotated Bibliography
Full Name
Student ID
Subject ITC571 – Emerging Technology and Innovations
Assignment No Annotated Bibliography
Due Date 25th-April-2019
Lecturer’s Name Malka N. Halgamuge
TASK 1 Annotated Bibliography 20%
Article 1
CITATION Elzamly, A., Hussin, B., Abu Naser, S. S., Shibutani, T., & Doheir, M. (2017).
Predicting Critical Cloud Computing Security Issues using Artificial Neural Network
(ANNs) Algorithms in Banking Organizations. International Journal of Information
Technology and Electrical Engineering, 6(2), 40-45.
SUMMARY This article focuses on analysing critical cloud computing security issues by using
Artificial Neural Network (ANN) algorithm in banking industry. The Levenberg–
Marquardt based Back Propagation (LMBP) Algorithms have been used for predicting
performance for cloud security level. This algorithm has been helping in minimize the
security issues in the cloud computing.
CRITIQUE The concern of the study is to analyze the cloud security level in ANNs algorithms in
banking system. However, the reasons behind these issues have not been mentioned in
the article.
Article 2
CITATION Elzamly, A., Hussin, B., Naser, S. A., Khanfar, K., Doheir, M., Selamat, A., & Rashed,
A. (2016). A New Conceptual Framework Modelling for Cloud Computing Risk
Management in Banking Organizations. International Journal of Grid and Distributed
Computing, 9(9), 137-154.
SUMMARY This article focuses on a new conceptual framework modelling for cloud computing
risk management in baking organization. A successful framework modelling for cloud
computing risk management have been improved the probability of cloud computing
success in banking sector. The conceptual framework has been helping in providing
opportunity in order to minimizing the security issues in the cloud computing in
banking industry.
CRITIQUE This article does not discusses about implementation of cloud computing in the
banking sector and issues faced due to the cloud computing in banking industry. The
application of the framework has not been provided in this article.
Article 3
CITATION Yan, G. (2017, July). Application of Cloud Computing in Banking: Advantages and
Challenges. In 2017 2nd International Conference on Politics, Economics and Law
(ICPEL 2017). Atlantis Press.
SUMMARY This article has been focused on application of cloud computing in banking industry.

The benefits and limitations of cloud computing in banking industry have been
discussed in the article. The application of cloud computing in baking industry has
been discussed in the article. There have been various application of cloud computing
discussed in the paper. The use of the cloud computing in the banking industry has
been critically analysed in this paper. This paper has focused on various critical issues
of the cloud computing in the bang industry. The importance and impact of cloud
computing in the baking industry has been mentioned in the article.
CRITIQUE This paper does not explain the remedies for these issues faced in the banking industry.
This paper does not provide explanation about strategies to mitigate identified in cloud
computing in banking industry.
Article 4
CITATION Mahalle, A., Yong, J., Tao, X., & Shen, J. (2018, May). Data Privacy and System
Security for Banking and Financial Services Industry based on Cloud Computing
Infrastructure. In 2018 IEEE 22nd International Conference on Computer Supported
Cooperative Work in Design ((CSCWD)) (pp. 407-413). IEEE.
SUMMARY This article has referred to the data privacy and security system installed in banking
system with the help of cloud computing system. This paper have focused on several
aspects of cloud computing relating to privacy and security system for banking sector.
The data and privacy system of the baking sector has been enhanced with the
implementation of the cloud computing in the banking industry.
CRITIQUE This paper does not include the implementation of security and privacy systems in the
banking systems. It does not reflect about the risk involved in the implementation of
cloud security systems in the banking industry.
Article 5
CITATION Nedelcu, B., Stefanet, M. E., Tamasescu, I. F., Tintoiu, S. E., & Vezeanu, A. (2015).
Cloud Computing and its Challenges and Benefits in the Bank System. Database
Systems Journal, 5(1), 45-58.
SUMMARY This article highlight the current situation of Cloud Computing systems in baking
sector. This paper has focused on safety measures included in the cloud computing
services. This has led to analyzing the security systems included in the cloud
computing systems. Various types of cloud computing models and have been analysed
in the paper. The importance of each cloud computing models have been discussed in
the paper.
CRITIQUE Data and information provided in the paper have not been validated properly and
provide different outlook of the paper. The future work in the cloud computing has not
been included in the paper.
Article 6
CITATION Owusu-Tucker, E., & Stacey, P. K. (2018). An exploratory study assessing the role
cloud computing has in achieving strategic agility with the banking industry.
SUMMARY This paper seeks for assessing the role of cloud computing in achieving agility within
bank industry and analyses how organizations in banking sector might become more
agile in their operations. The study shows that private deployment types are the most
popular for organizations within the sector. Banking sectors is one of the crucial sector
of today’s world and for that reason it needs to make use of the latest technology in
order to satisfy its customers. The research would also be helping in understanding the
security issues along with the benefits.

CRITIQUE The concerns discussed in the paper have not been properly cited in the paper. Benefits
of cloud computing has not been properly defined in the paper. The survey done
interview conducted in the research has no practical approach to the research topic.
Article 7
CITATION Tebaa, M., Zkik, K., & El Hajji, S. (2015). Hybrid homomorphic encryption method
for protecting the privacy of banking data in the cloud. International Journal of
Security and Its Applications, 9(6), 61-70.
SUMMARY This paper has proposed a hybrid homomorphic system that can be applied to the
banking data for performing operations on encrypted data and information without
decrypting, based on the encrypting, the decryption and the operation treatment time
on the cipher text which were obtained by simulating an addition and multiplication
homomorphic cryptosystem and comparing it with DGHV that is somewhat
homomorphic.
CRITIQUE The experiment done on hybrid homomorphic system has not been able to define the
security of the data and information stored over bank database. The limitation of this
system has not been yet mentioned in the paper.
Article 8
CITATION Zineldin, M., & Vasicheva, V. (2015). Banking and financial sector in the cloud:
knowledge, quality and innovation management. In Cloud Systems in Supply Chains
(pp. 178-194). Palgrave Macmillan, London.
SUMMARY This paper has focuses on improving customer relationship management in banking
industry with the help of cloud computing. The importance of cloud computing in
enhancing the CRM of a bank in the market has been discussed in the paper. The
success of relationship management has been depended on collection of data and
information that need to be used for developing highly personalized baking offerings.
CRITIQUE This paper has not able to identify issues faced by banking organization in CRM
strategies and satisfying their customers in the market.
Article 9
CITATION Ojeniyi, J. A., & Abdulhamid, S. M. (2019). Security Risk Analysis in Online Banking
Transactions: Using Diamond Bank as a Case Study.
SUMMARY This paper describes the security risk analysis and management in Online banking
transactions in banking industry. This paper has carried out in order to evaluate the
security risk analysis and management in online banking transaction by conducting
survey. The Cloud computing is associated with a creation of a lot of opportunity for
the bankers so as to get connected with the users directly. This is the digital service
which is provided in order to maintain the relationships that exists with the customers
anywhere and anytime by making use of the cloud computing.
CRITIQUE The study does not discover about the authenticity of the survey done with
respondents. This paper does not proposes any model and theories for mitigating
security issues in banking sector.
Article 10
CITATION Zhao, Q., Tsai, P. H., & Wang, J. L. (2019). Improving Financial Service Innovation
Strategies for Enhancing China’s Banking Industry Competitive Advantage during the
Fintech Revolution: A Hybrid MCDM Model. Sustainability, 11(5), 1419.
SUMMARY This study focuses on in-depth research of the banking sector in regards of challenges