80 Questions
What is the primary reason why data needs to be managed in a bank?
Because it is a vital organizational resource
What is the focus of Chapter 4 of the Advance Level IT Manual for NCC Bank Limited?
Data Management in Online Banks
What is the classification of data in the context of banking?
Important business asset
Why is data management important in banking?
To support business operations and decision-making
What is the relationship between data and information in a bank?
Information is a subset of data
What is the primary function of authentication in data access control?
To verify the user's identity and validate their credentials
What is the purpose of accounting in data access control?
To measure and record resource usage by users
What is the role of authorization in data access control?
To determine the level of access and activities a user can perform
What is the benefit of using a multifactor authentication system?
To provide an additional layer of security during authentication
What is the outcome of successful authentication in data access control?
The user is granted access to the database
What is the primary purpose of a data center?
To centralize an organization's shared IT operations and equipment
What is a critical aspect of data center design?
Data center security
What type of equipment is typically housed in a data center?
Routers, switches, firewalls, storage systems, servers, and application delivery controllers
Why are data centers vital to an organization?
They provide a secure environment for storing and managing business-critical data and applications
What is the significance of a secure environment in a data center?
It minimizes the chances of a security breach
What has led to a significant reduction in the cost of global funds transfer?
All of the above
What do customers expect from banks in terms of technology?
To be able to bank at any time and from any location
What has become the heart of the banking sector in Bangladesh?
ICT
What is the role of ICT in banking?
To provide banking solutions to handle accounting and back office needs
What has led to a surge in financial activity globally?
Uprising of Information Technology
What is the main purpose of implementing Separation of Duties (SOD) in an organization?
To prevent collusion and fraud by separating responsibilities
What is the primary goal of a password policy in a banking organization?
To enhance computer security by encouraging strong passwords
What type of control is turning on audit trails, monitoring software, or exception reports?
Detective control
What is the main benefit of restricting database access within an organization?
To reduce the risk of data breaches and unauthorized access
Why is it important for banks to deploy a password policy?
To reduce the risk of unexpected incidents
What is a key characteristic of the Web in terms of information quality?
Anyone can post information without quality control
What has been the impact of introducing computer and internet facilities in the banking industry?
It has changed the day-to-day operation of banks
What is a result of the democratic nature of the Web?
Users must be cautious when evaluating information
What has been the impact of alternative delivery channels in the banking sector?
They have changed the way banks operate
What is the fundamental rule about information on the Web?
User beware!
What is the primary purpose of a database?
To provide a collection of information for quick selection
What is the lowest level of data organization in a computer system?
Bit
What is the term for a collection of programs that enables you to enter, organize, and select data in a database?
Database Management System (DBMS)
What is the result of processing and organizing data?
Information
What is the term for a group of related fields in a database?
Record
Which of the following is an example of a database software?
MySQL
What is the main function of a database management system?
To enter, organize, and select data in a database
What is the term for a group of bits that represent one character, number, or symbol?
Byte
What is the hierarchy of data organization in a computer system?
Bit -> Byte -> Field -> Record -> File -> Database
What is the purpose of a database?
To provide a collection of information for quick selection
What is the primary purpose of a data center in an organization?
To centralize IT operations and equipment for storing, processing, and disseminating data and applications
What is a critical aspect of data center design?
Implementing a robust security system
What is typically housed in a data center?
Routers, switches, firewalls, storage systems, servers, and application delivery controllers
Why are data centers vital to an organization?
Because they house critical business applications and data
What is a key consideration in data center design?
Ensuring a secure environment that minimizes the chances of a security breach
What is the primary consideration for banks when managing data as an organizational resource?
Data being a vital organizational asset
What is a critical consideration when discussing data management in online banking?
Data security and access control
What is the relationship between data and information in the context of banking?
Information is derived from data
What is the primary focus of Chapter 4 of the Advance Level IT Manual for NCC Bank Limited?
Data management in online banking
What is the primary benefit of effective data management in online banking?
Increased efficiency and decision-making
What is the primary benefit of adopting a core banking solution (CBS) platform in the banking industry?
Increased efficiency in banking operations
What has been the impact of the introduction of computer and internet facilities in the banking industry?
Improved delivery of banking services
What is the primary characteristic of the Web in terms of information quality?
Unregulated information
What is the fundamental rule about information on the Web?
User beware!
What has been the impact of alternative delivery channels in the banking sector?
Changed day-to-day banking operations
What is the primary objective of implementing separation of duties (SOD) in an organization?
To prevent any single individual from having excessive privileges
What is the primary benefit of establishing test and production environments in an organization?
To reduce the risk of data breaches
What is the primary purpose of turning on audit trails, monitoring software, or exception reports in an organization?
To detect and respond to security incidents
What is the primary goal of a password policy in a banking organization?
To enhance computer security by encouraging users to employ strong passwords
What is the primary consequence of a poorly chosen password in a banking organization?
A compromise of the bank's entire systems
What has been the impact of technological advancements on global funds transfer?
Significantly reduced the cost
What is the primary expectation of customers from banks in terms of technology?
To be able to bank at any time and from any location
What is the current role of ICT in the banking sector in Bangladesh?
It has become the heart of the banking sector
What has been the impact of technological advancements on financial activity globally?
It has led to a surge
What is the primary purpose of ICT in banking?
To provide comprehensive banking solutions
What is the primary function of a database management system?
To enable users to enter, organize, and select data in a database
What is the result of processing and organizing data?
Information
What is the term for a collection of information organized in such a way that a computer program can quickly select desired pieces of data?
Database
What is the lowest level of data organization in a computer system?
Bit
What is the term for a group of related fields in a database?
Record
What is the purpose of organizing data in a hierarchical structure?
To enable quick selection of desired pieces of data
What is an example of a database software?
MySQL
What is the term for a group of bits that represent one character, number, or symbol?
Byte
What is the primary purpose of a database?
To enable quick selection of desired pieces of data
What is the hierarchy of data organization in a computer system?
Bit, byte, field, record, file, database
What is the primary purpose of authentication in data access control?
To verify the identity of the entity that is trying to access the database
What is the relationship between authorization and accounting in data access control?
Authorization determines the level of access, while accounting measures the resources used
What is the benefit of using a multifactor authentication system in data access control?
To increase the security of the authentication process
What is the purpose of recording session statistics and use data in accounting?
To measure the resources used by a user during access
What is the outcome of successful authentication in data access control?
The user is granted access to the database
Study Notes
Data Access Control
- A security feature that limits access based on a set of restrictions to protect personally identifiable information (PII), intellectual property, and other private information.
- Implemented through separation of duties, test and production environments, restricted user account and database administrator access, and audit trails, monitoring software, or exception reports.
- A preventive control that protects against unauthorized access.
Password Policy
- A set of rules designed to enhance computer security by encouraging users to employ strong passwords and use them properly.
- Often part of an organization's official regulations and taught as part of security awareness training.
- Protects systems from unexpected incidents.
Information Technology and Banking
- The uprising of IT has enabled banks to meet high customer expectations, providing 24/7 banking services from anywhere.
- ICT provides banking solutions for accounting, back-office needs, and heart of the banking sector.
Outsourcing IT Services
- Common IT services that banks can outsource: front-line IT support, technology operations, banking operations, cash management, and customer service helpdesk/call center services.
- Advantages and disadvantages of outsourcing include cost reduction, improved efficiency, and risk management.
Data Management in Online Banks
- Data are vital organizational resources that need to be managed like other important business assets.
- Data access control ensures users are who they say they are and have the authority to access data.
AAA (Authentication, Authorization, Accounting)
- Authentication: checks the identity of the entity trying to access the database.
- Authorization: determines the level of access and activities a user can perform.
- Accounting: measures resource usage for authorization control, charging, trend analysis, resource consumption, and capacity planning.
Data Center
- A facility that centralizes an organization's shared IT operations and equipment for storing, processing, and disseminating data and applications.
- Critical to the continuity of daily operations and requires high security standards to minimize the risk of a security breach.
Electronic Banking Infrastructure
- Alternative delivery channels in banking sector have changed day-to-day operations.
- Core banking solution (CBS) platform has been adopted to deliver banking services.
Information and Data
- Data: unorganized facts and figures.
- Information: data that have been processed, organized, and structured to help people make decisions.
Database
- A collection of information organized for a computer program to quickly select desired pieces of data.
- A database management system (DBMS) is required to access information from a database.
- Examples of popular database software or DBMSs include MySQL, Microsoft Access, Microsoft SQL Server, Oracle, DB2, and PostgreSQL.
Test your knowledge of AAA security components, including authentication, authorization, and accounting. Learn how to ensure secure data access and identity verification.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
