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http://dx.doi.org/10.13089/JKIISC.2018.28.3.743

A Study on the Decision Making Model for the Introduction of the Financial Institution's Cloud Systems  

Lee, Hee-Seok (Korea University, Graduate School of Information Security)
Kim, In-Seok (Korea University, Graduate School of Information Security)
Publication Information
Journal of the Korea Institute of Information Security & Cryptology / v.28, no.3, 2018 , pp. 743-763 More about this Journal
Abstract
It has been 10 years since the concept of cloud system has emerged. Despite the fact that the cost-effectiveness and security of cloud systems has been proven, financial companies are reluctant to adopt cloud systems. Financial institutions are reluctant to adopt the cloud system because of the strong regulation of financial authorities in relation to the leakage of customer information However, more important reason why financial institutions hesitate to introduce cloud systems is the lack of direction and standards for the introduction of cloud systems by financial institutions. This study examines the legal and institutional constraints on the introduction of cloud systems in financial institutions and suggests decision models for determining whether cloud systems can be applied and how cloud systems are configured when financial institutions construct IT systems. We hope that this research will be helpful for establishing direction of cloud system introduction of many financial institutions.
Keywords
Cloud system; Decision making model; Financial institutions;
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