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Assignment 3: Securing Cloud Infrastructure for a Financial Services Firm

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Assignment 3: Securing Cloud Infrastructure for a Financial Services Firm You have been appointed as a cybersecurity consultant for a financial services firm that is transitioning its operations to the cloud. The company is concerned about the security implications of this transition and seeks your expertise to ensure a secure cloud infrastructure. Assignment Tasks: 1. Cloud Security Risk Assessment: Perform a comprehensive risk assessment for the financial services firm’s cloud infrastructure. Identify potential security risks associated with data storage, transmission, and processing in the cloud environment. Provide recommendations for mitigating these risks. 2. Identity and Access Management (IAM): Assess the effectiveness of the current IAM policies in the cloud environment. Propose strategies to enhance identity verification, access controls, and privilege management. Highlight the importance of least privilege principles in the context of financial data. 3. Data Encryption in the Cloud: Evaluate the encryption practices for data at rest and in transit within the cloud infrastructure. Recommend encryption algorithms and key management strategies to ensure the confidentiality and integrity of sensitive financial data stored in the cloud. 4. Cloud Incident Response Plan: Develop an incident response plan specifically tailored to cloud- related security incidents. Outline the steps to be taken in the event of a data breach or other security incident in the cloud environment. Include communication protocols, roles and responsibilities, and post-incident review procedures. 5. Compliance and Regulatory Considerations: Examine the compliance requirements and regulatory frameworks relevant to the financial services industry in the context of cloud computing. Discuss how the firm can ensure adherence to these regulations while leveraging cloud services. Provide specific measures to address compliance concerns. Note: Customize the length and depth of the responses based on your instructor’s guidelines and the complexity of the financial services firm’s cloud infrastructure. Your assignment must follow these formatting requirements: · Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. · Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: · Compare and contrast the methods of disaster recovery and business continuity. · Explain risk management in the context of information security. · Use technology and information resources to research issues in disaster recovery  


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