IT Chapter-4
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Questions and Answers

What is the primary reason why data needs to be managed in a bank?

  • Because it is a vital organizational resource (correct)
  • Because it is a major cost center for the bank
  • Because it is a requirement for regulatory compliance
  • Because it is a minor aspect of the bank's operations
  • What is the focus of Chapter 4 of the Advance Level IT Manual for NCC Bank Limited?

  • Banking Operations and Technology
  • Outsourcing IT services
  • Data Management in Online Banks (correct)
  • IT Audit and Compliance
  • What is the classification of data in the context of banking?

  • Valuable intangible asset
  • Tangible business asset
  • Vital organizational resource
  • Important business asset (correct)
  • Why is data management important in banking?

    <p>To support business operations and decision-making</p> Signup and view all the answers

    What is the relationship between data and information in a bank?

    <p>Information is a subset of data</p> Signup and view all the answers

    What is the primary function of authentication in data access control?

    <p>To verify the user's identity and validate their credentials</p> Signup and view all the answers

    What is the purpose of accounting in data access control?

    <p>To measure and record resource usage by users</p> Signup and view all the answers

    What is the role of authorization in data access control?

    <p>To determine the level of access and activities a user can perform</p> Signup and view all the answers

    What is the benefit of using a multifactor authentication system?

    <p>To provide an additional layer of security during authentication</p> Signup and view all the answers

    What is the outcome of successful authentication in data access control?

    <p>The user is granted access to the database</p> Signup and view all the answers

    What is the primary purpose of a data center?

    <p>To centralize an organization's shared IT operations and equipment</p> Signup and view all the answers

    What is a critical aspect of data center design?

    <p>Data center security</p> Signup and view all the answers

    What type of equipment is typically housed in a data center?

    <p>Routers, switches, firewalls, storage systems, servers, and application delivery controllers</p> Signup and view all the answers

    Why are data centers vital to an organization?

    <p>They provide a secure environment for storing and managing business-critical data and applications</p> Signup and view all the answers

    What is the significance of a secure environment in a data center?

    <p>It minimizes the chances of a security breach</p> Signup and view all the answers

    What has led to a significant reduction in the cost of global funds transfer?

    <p>All of the above</p> Signup and view all the answers

    What do customers expect from banks in terms of technology?

    <p>To be able to bank at any time and from any location</p> Signup and view all the answers

    What has become the heart of the banking sector in Bangladesh?

    <p>ICT</p> Signup and view all the answers

    What is the role of ICT in banking?

    <p>To provide banking solutions to handle accounting and back office needs</p> Signup and view all the answers

    What has led to a surge in financial activity globally?

    <p>Uprising of Information Technology</p> Signup and view all the answers

    What is the main purpose of implementing Separation of Duties (SOD) in an organization?

    <p>To prevent collusion and fraud by separating responsibilities</p> Signup and view all the answers

    What is the primary goal of a password policy in a banking organization?

    <p>To enhance computer security by encouraging strong passwords</p> Signup and view all the answers

    What type of control is turning on audit trails, monitoring software, or exception reports?

    <p>Detective control</p> Signup and view all the answers

    What is the main benefit of restricting database access within an organization?

    <p>To reduce the risk of data breaches and unauthorized access</p> Signup and view all the answers

    Why is it important for banks to deploy a password policy?

    <p>To reduce the risk of unexpected incidents</p> Signup and view all the answers

    What is a key characteristic of the Web in terms of information quality?

    <p>Anyone can post information without quality control</p> Signup and view all the answers

    What has been the impact of introducing computer and internet facilities in the banking industry?

    <p>It has changed the day-to-day operation of banks</p> Signup and view all the answers

    What is a result of the democratic nature of the Web?

    <p>Users must be cautious when evaluating information</p> Signup and view all the answers

    What has been the impact of alternative delivery channels in the banking sector?

    <p>They have changed the way banks operate</p> Signup and view all the answers

    What is the fundamental rule about information on the Web?

    <p>User beware!</p> Signup and view all the answers

    What is the primary purpose of a database?

    <p>To provide a collection of information for quick selection</p> Signup and view all the answers

    What is the lowest level of data organization in a computer system?

    <p>Bit</p> Signup and view all the answers

    What is the term for a collection of programs that enables you to enter, organize, and select data in a database?

    <p>Database Management System (DBMS)</p> Signup and view all the answers

    What is the result of processing and organizing data?

    <p>Information</p> Signup and view all the answers

    What is the term for a group of related fields in a database?

    <p>Record</p> Signup and view all the answers

    Which of the following is an example of a database software?

    <p>MySQL</p> Signup and view all the answers

    What is the main function of a database management system?

    <p>To enter, organize, and select data in a database</p> Signup and view all the answers

    What is the term for a group of bits that represent one character, number, or symbol?

    <p>Byte</p> Signup and view all the answers

    What is the hierarchy of data organization in a computer system?

    <p>Bit -&gt; Byte -&gt; Field -&gt; Record -&gt; File -&gt; Database</p> Signup and view all the answers

    What is the purpose of a database?

    <p>To provide a collection of information for quick selection</p> Signup and view all the answers

    What is the primary purpose of a data center in an organization?

    <p>To centralize IT operations and equipment for storing, processing, and disseminating data and applications</p> Signup and view all the answers

    What is a critical aspect of data center design?

    <p>Implementing a robust security system</p> Signup and view all the answers

    What is typically housed in a data center?

    <p>Routers, switches, firewalls, storage systems, servers, and application delivery controllers</p> Signup and view all the answers

    Why are data centers vital to an organization?

    <p>Because they house critical business applications and data</p> Signup and view all the answers

    What is a key consideration in data center design?

    <p>Ensuring a secure environment that minimizes the chances of a security breach</p> Signup and view all the answers

    What is the primary consideration for banks when managing data as an organizational resource?

    <p>Data being a vital organizational asset</p> Signup and view all the answers

    What is a critical consideration when discussing data management in online banking?

    <p>Data security and access control</p> Signup and view all the answers

    What is the relationship between data and information in the context of banking?

    <p>Information is derived from data</p> Signup and view all the answers

    What is the primary focus of Chapter 4 of the Advance Level IT Manual for NCC Bank Limited?

    <p>Data management in online banking</p> Signup and view all the answers

    What is the primary benefit of effective data management in online banking?

    <p>Increased efficiency and decision-making</p> Signup and view all the answers

    What is the primary benefit of adopting a core banking solution (CBS) platform in the banking industry?

    <p>Increased efficiency in banking operations</p> Signup and view all the answers

    What has been the impact of the introduction of computer and internet facilities in the banking industry?

    <p>Improved delivery of banking services</p> Signup and view all the answers

    What is the primary characteristic of the Web in terms of information quality?

    <p>Unregulated information</p> Signup and view all the answers

    What is the fundamental rule about information on the Web?

    <p>User beware!</p> Signup and view all the answers

    What has been the impact of alternative delivery channels in the banking sector?

    <p>Changed day-to-day banking operations</p> Signup and view all the answers

    What is the primary objective of implementing separation of duties (SOD) in an organization?

    <p>To prevent any single individual from having excessive privileges</p> Signup and view all the answers

    What is the primary benefit of establishing test and production environments in an organization?

    <p>To reduce the risk of data breaches</p> Signup and view all the answers

    What is the primary purpose of turning on audit trails, monitoring software, or exception reports in an organization?

    <p>To detect and respond to security incidents</p> Signup and view all the answers

    What is the primary goal of a password policy in a banking organization?

    <p>To enhance computer security by encouraging users to employ strong passwords</p> Signup and view all the answers

    What is the primary consequence of a poorly chosen password in a banking organization?

    <p>A compromise of the bank's entire systems</p> Signup and view all the answers

    What has been the impact of technological advancements on global funds transfer?

    <p>Significantly reduced the cost</p> Signup and view all the answers

    What is the primary expectation of customers from banks in terms of technology?

    <p>To be able to bank at any time and from any location</p> Signup and view all the answers

    What is the current role of ICT in the banking sector in Bangladesh?

    <p>It has become the heart of the banking sector</p> Signup and view all the answers

    What has been the impact of technological advancements on financial activity globally?

    <p>It has led to a surge</p> Signup and view all the answers

    What is the primary purpose of ICT in banking?

    <p>To provide comprehensive banking solutions</p> Signup and view all the answers

    What is the primary function of a database management system?

    <p>To enable users to enter, organize, and select data in a database</p> Signup and view all the answers

    What is the result of processing and organizing data?

    <p>Information</p> Signup and view all the answers

    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?

    <p>Database</p> Signup and view all the answers

    What is the lowest level of data organization in a computer system?

    <p>Bit</p> Signup and view all the answers

    What is the term for a group of related fields in a database?

    <p>Record</p> Signup and view all the answers

    What is the purpose of organizing data in a hierarchical structure?

    <p>To enable quick selection of desired pieces of data</p> Signup and view all the answers

    What is an example of a database software?

    <p>MySQL</p> Signup and view all the answers

    What is the term for a group of bits that represent one character, number, or symbol?

    <p>Byte</p> Signup and view all the answers

    What is the primary purpose of a database?

    <p>To enable quick selection of desired pieces of data</p> Signup and view all the answers

    What is the hierarchy of data organization in a computer system?

    <p>Bit, byte, field, record, file, database</p> Signup and view all the answers

    What is the primary purpose of authentication in data access control?

    <p>To verify the identity of the entity that is trying to access the database</p> Signup and view all the answers

    What is the relationship between authorization and accounting in data access control?

    <p>Authorization determines the level of access, while accounting measures the resources used</p> Signup and view all the answers

    What is the benefit of using a multifactor authentication system in data access control?

    <p>To increase the security of the authentication process</p> Signup and view all the answers

    What is the purpose of recording session statistics and use data in accounting?

    <p>To measure the resources used by a user during access</p> Signup and view all the answers

    What is the outcome of successful authentication in data access control?

    <p>The user is granted access to the database</p> Signup and view all the answers

    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.

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    Description

    Test your knowledge of AAA security components, including authentication, authorization, and accounting. Learn how to ensure secure data access and identity verification.

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