Question

A bank wants to migrate their e-banking system to AWS. (a) State ANY ONE major risk incurred by the bank in migrating their e-banking system to AWS. (b) The bank accepts the risk stated in part (a) of this question and has decided using AWS. Which AWS price model is the MOST suitable for this case? Justify your answer. (c) Assume that the bank owns an on-premise system already. Suggest ONE alternative solution if the bank still wants to migrate their e-banking system to cloud with taking advantage of using cloud.

Answer 1

(a) One major risk incurred by the bank in migrating their e-banking system to AWS could be the potential loss of sensitive customer data due to security breaches or unauthorized access. (b) The most suitable AWS price model for this case would be the On-Demand pricing model . This is because the bank may not have a clear idea of how much computing power they will require for their e-banking system once it is migrated to AWS, and the On-Demand pricing model allows them to pay for only the resources they actually use on an hourly basis. This makes it easier for the bank to manage their costs and avoid overpaying for unused resources. (c) One alternative solution for the bank could be to use a hybrid cloud approach, where they can keep certain parts of their e-banking system on their on-premise system while migrating other parts to the cloud. This would allow the bank to take advantage of the benefits of cloud computing while still maintaining control over sensitive data and ensuring better security of their system.

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