Comparative Analysis of Cloud Computing Security Frameworks for Financial Sector

Document Type

Book Chapter

Publication Date



Cloud computing has become a preferred operating model for financial organizations due to the flexibility it offers in business operations which made the platform readily available for consumption with advanced capabilities in security, technology, and cost-effective. This paper presents a comprehensive analysis of the salient features of four cloud security frameworks viz, Cloud security reference model, Novel open security framework, Temenos enterprise framework architecture (TEFA), and Sherwood applied business security architecture (SABSA) in regards to their suitability for a financial organization. The comparative analysis is primarily based on the deployment models, structure, service delivery model, security policy, and security standards and guidelines.


The Sixth International Congress on Information and Communication Technology was held on February 25–26, 2021, digitally on ZOOM and was organized by Global Knowledge Research Foundation. The associated partners were Springer, SPRINGER NATURE, and InterYIT IFIP.

Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 236).

Conference paper, first online 17 September 2021.

At the time of the conference Sudhish Mohanan and Nandagopal Sridhar were graduate students of the School of Computer Science & Engineering at Sacred Heart University.