Innovative approaches to cloud security in IOT-enabled banking systems

Machine to machine connectivity in banking processes with IoT devices linked with cloud have brought in lot of innovation in terms of productivity and customer satisfaction. But at the same time this integration carry out the harder security issues that need new approaches to solving. This hence shapes the subject of this piece where the author discusses the changes that have been witnessed in the IoT banking sector the major security threats as well as explain the difference between the traditional and the modern bank security. It discusses measures for protecting against risks such as Zero Trust Architecture, artificial intelligence, space discriminating technology known as blockchain, edge computing, and device identity and access management. It also looks into new topics like quantum-resistant cryptography, 5G networks, developments of AI and machine learning. The article carries out examples of such strategies applied by well-established financial organizations and discusses potential developments toward Cloud security advancements for IoT integrated banking systems.