Cloud computing is an infrastructure that enables easy access to shared pools of storage, network, servers, and applications. It is also a software model that allows the data processing to be done on a private or third-party server cloud. It helps to create great speed and reliability. 

The most significant benefit of cloud computing is low maintenance, scalability, and easy installation. Kerala cloud computing services help through all these ways to grow with your needs. The other features of cloud computing include Optimal Server Utilization, On-Demand cloud services, Dynamic Scalability, and Virtualization Techniques. 

Now, let’s see the examples of cloud computing in the real world that makes our everyday work at our fingertips. 

Cloud Computing in Healthcare

The primary examples of cloud computing in healthcare are IBM Cloud and ClearDATA. With the help of cloud computing, all the doctors and medical professionals host the analyzed information and perform diagnostics remotely. It allows doctors to access medical data for faster prescriptions and updates globally. 

However, the healthcare application of cloud computing includes bioinformatics, E-health service, telemedicine, and public and personal healthcare. One can save on the cost through cloud computing by allowing instant large file transfer for maximum convenience. This will provide faster treatment and can update the patient’s condition through remote conferencing in seconds. 

Cloud Computing in Education

Cloud computing in education provides benefits to universities and colleges for higher learning. In COVID-19, cloud computing has helped a lot in education by providing online lectures to students. 

Google and Microsoft provide free services to the staff and students in various learning institutions for educating the students. Cloud computing services have been used in the hard times of COVID-19, and as a result, it improved efficiency and reduced costs.  The examples are Google App Education, Ratatype, SlideRocket, Amazon Web Services, and more. 

Cloud Computing for Government

The government uses cloud computing as IT consolidation, shared services, and citizen services. They deliver e-governance services to the citizen through cloud computing services. It has the technology to handle large transactions and help citizens to transfer a significant amount of money within seconds. 

Cloud Computing in Facebook, Dropbox, Gmail

Cloud computing is used as file storage, and the great advantage is it has an easy backup. It automatically synchronizes dropbox and allows the users to store files up to 1 TB with free storage of 1 TB. You get quick-to-call capabilities from social networking sites like Facebook through cloud computing and access to the instant messaging system. 

Cloud Computing in Business Process

All the emails occurring for business is cloud-based. SaaS has become an essential method for enterprises that includes Salesforce and HubSpot. The cloud service provider also includes ERP, CRM, and document management. 

Through this, many businesses’ processes are reliable and provide excellent services to their customers. This service is possible because data can be copied at multiple sites on cloud providers with the help of cloud computing. It efficiently fulfils the need for personalization. 

Cloud Computing for Big Data Analytics

Cloud computing helps data scientists analyze data patterns, insights, predictions, and help them in making correct decisions. Cassandra and Hadoop are the other open-source applications of cloud computing in big data analytics.  

As it is provided in clouds, businesses can deliver a large amount of structured and unstructured data in their possession. It helps the companies to make data integration for numerous resources easily. It provides the visualization to the companies that have implemented backup and disaster recovery solutions on the cloud. 

Hence, the above-listed examples of cloud computing make the world go at your fingertips with ease.   

 

 

Nowadays, more and more technologies are developing rapidly. So, companies can bind multiple new technologies, maximize their security, and protect their customers. Among all the industries, the Kerala FinTech industry is leading the digital transformation. 

The system has changed a lot. The change is, today all the banks provide the facility of online transaction and services through multiple channels like ATMs, mobile, tab, pos machines, smart voice assistance, and more. 

Thus, using this technology to reduce various friction functions has given rise to a whole new industry. And it is further named FinTech. It has witnessed tremendous growth in the past few years globally. The innovation in sectors such as payment gateway, e-KYC, credit scoring has also been assisted by FinTech.   

FinTech: Fraudsters Love

In the previous year, the fraud cases in the FinTech sector blew up at an eye-watering rate. Recently, 85% of financial industries have experienced fraud in the account opening process. Scammers break anti-fraud systems to steal personal information and credit card details. They use the victim’s account and online wallet to buy an existing account on the black market. 

Now, see the top ways to prevent the occurring frauds in the FinTech industry. 

• Customer behaviour

One should monitor the behavioural patterns after tracking the habits of their clients. The changes in the patterns could be through address, duplicate card request, password reset, typical spend velocity, typical shopping time, the period between different payment locations, and more. 

One must take help of Machine Learning Algorithms as it helps to gather data that determines likely fraudulent patterns. Your system must have the technology to report the high probability of frauds via suspicious alerts like blocking the account from further transactions and more. 

• Basic Web Safety

Your client should have all the essential security knowledge regarding your website. You can create alerts on the website that describes the following:

• Leaving open cards: Send an alert if your client has forgotten to dismiss their card details on the website. 
• Clicking on unknown links: If your client opens unfamiliar links, send an alert.
• Never submit personal data: Do not trust well-known companies that ask for registration and personal data submittal in return for job offers.

Ask your customers not to post any personal information on their social handlings.  

• Fraud Detection Technologies

You may get excellent results for identity verification through liveness detection technology. Selfie technology is developed where liveness detection requests users to authenticate real people. However, this technology does not provide 100% security to the company as the criminal copies selfies, wax figures, and other ways to get to the user account. 

Moreover, some of the clients stick to selfies rather than opting for liveness detection. But now, many people are getting back to this tool as the technology has increased client rates up to 40%. 

• Biometric Security

It is almost the next to impossible task for a criminal to use the person’s physical identification and fool a system. Biometric is safer among all the other security options. One can leak the password or change it, but biometric stands as a barrier for fraudsters to overcome. 

Face Id and fingerprint are used as a security option to unlock and enable you to monitor all the client’s login details. You can block the unusual behavioural patterns to protect the user’s account.

• Partner with the right company

It is essential to partner with companies having a broad base of documents and identities. Many scammers produce fake documents. Investing in cybersecurity is more important here to keep your user’s account safe. 

Hence, by combining the above listed multiple types of fraud protection, you can keep track of users’ accounts regarding safety concerns. 

The use of digitally connected devices and applications is increasing rapidly in every aspect of our lives. All the appliances are turning intelligent and advanced to harness the benefits of being connected to the internet. Everything is surrounded by the Internet of Things, from the roof of buildings and skyline to your streets. 

Moreover, walk down the roads of manufacturing plants, hospitals, malls, or an electronic store, you will be overwhelmed by the ubiquity of the connected IoT devices. As digital communication and appliances are growing, IoT has become the world of opportunities for hackers. Billions of interconnected devices share and transfer data by creating a massive background for exploiting, crafting, and tinkering these systems with their limits.

Let’s have a detailed look on the importance of IoT security. 

Importance of IoT security

The Internet of Things security is a concern as it’s on the verge of an explosion with IoT related products and services. As we know, IoT has started disrupting consumers, enterprises, and governments; it is paving the way for an analytical evolution. 

As predicted, the Internet of Things will expand widely and may benefit approximately $2 trillion economically. That is more than any other device. But here the question is, can the companies having IoT devices secure all the objects from threats.     

While IoT offers many opportunities, it will also possess significant risks in terms of security. When more and more devices get inter-connected, securing all at once becomes a considerable challenge. Companies and manufacturers need to ensure hardware, software, and connectivity to work effectively with IoT services. 

Without Internet of Things security, hackers can hack all the devices and equipment quickly. Once the system or the information get hacked, they can replace it or steal the user’s digital data. Industrialists should also take specific steps to secure their IoT without neglecting it. 

Now, let’s see the various steps to secure the Internet of Things.

How to secure IoT?

The first and foremost thing one can do is go for security by design. It is an approach to software and hardware development that helps build security initially and not after the system gets hacked. Since the IoT is connected to the internet, they are vulnerable to remote hacking. 

Mainly, three steps are taken to enhance the security and consumer privacy of the companies, thereby building trust in the IoT devices. 

• Security by Design

Every company comprising of the Internet of Things should start with security by design. Most tech companies, firms, and startups should incorporate security into the initial design process. It adequately safeguards the safety of the consumer’s data and prevents hackers from entering the site. 

Each device should have individual and unique identities to manage its Internet of Things device well. All the other measures of IoT like firmware, sign code, and workload compliance should be built upon the top of the identity layer.  

• Go for Data Minimization

There are specific approaches that IoT manufacturer needs to employ. To avoid security breaches, protect devices from being accessed by anyone through the internet with the help of data minimization. 

• Increase transparency

All IoT manufacturers should provide notice to their consumers regarding the usage and sharing of the data. Then they must offer various tools that will allow the customers to make changes with a specific type of information collection and sharing. Manufacturers should also inform about their security to avoid risky behaviours while using their IoT devices. 

Hence, these were the reasons for the importance of IoT security and what should the government, manufacturers, and companies do to save them.