Podcast
Questions and Answers
What is the primary reason why data needs to be managed in a bank?
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?
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?
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?
Why is data management important in banking?
What is the relationship between data and information in a bank?
What is the relationship between data and information in a bank?
What is the primary function of authentication in data access control?
What is the primary function of authentication in data access control?
What is the purpose of accounting in data access control?
What is the purpose of accounting in data access control?
What is the role of authorization in data access control?
What is the role of authorization in data access control?
What is the benefit of using a multifactor authentication system?
What is the benefit of using a multifactor authentication system?
What is the outcome of successful authentication in data access control?
What is the outcome of successful authentication in data access control?
What is the primary purpose of a data center?
What is the primary purpose of a data center?
What is a critical aspect of data center design?
What is a critical aspect of data center design?
What type of equipment is typically housed in a data center?
What type of equipment is typically housed in a data center?
Why are data centers vital to an organization?
Why are data centers vital to an organization?
What is the significance of a secure environment in a data center?
What is the significance of a secure environment in a data center?
What has led to a significant reduction in the cost of global funds transfer?
What has led to a significant reduction in the cost of global funds transfer?
What do customers expect from banks in terms of technology?
What do customers expect from banks in terms of technology?
What has become the heart of the banking sector in Bangladesh?
What has become the heart of the banking sector in Bangladesh?
What is the role of ICT in banking?
What is the role of ICT in banking?
What has led to a surge in financial activity globally?
What has led to a surge in financial activity globally?
What is the main purpose of implementing Separation of Duties (SOD) in an organization?
What is the main purpose of implementing Separation of Duties (SOD) in an organization?
What is the primary goal of a password policy in a banking organization?
What is the primary goal of a password policy in a banking organization?
What type of control is turning on audit trails, monitoring software, or exception reports?
What type of control is turning on audit trails, monitoring software, or exception reports?
What is the main benefit of restricting database access within an organization?
What is the main benefit of restricting database access within an organization?
Why is it important for banks to deploy a password policy?
Why is it important for banks to deploy a password policy?
What is a key characteristic of the Web in terms of information quality?
What is a key characteristic of the Web in terms of information quality?
What has been the impact of introducing computer and internet facilities in the banking industry?
What has been the impact of introducing computer and internet facilities in the banking industry?
What is a result of the democratic nature of the Web?
What is a result of the democratic nature of the Web?
What has been the impact of alternative delivery channels in the banking sector?
What has been the impact of alternative delivery channels in the banking sector?
What is the fundamental rule about information on the Web?
What is the fundamental rule about information on the Web?
What is the primary purpose of a database?
What is the primary purpose of a database?
What is the lowest level of data organization in a computer system?
What is the lowest level of data organization in a computer system?
What is the term for a collection of programs that enables you to enter, organize, and select data in a database?
What is the term for a collection of programs that enables you to enter, organize, and select data in a database?
What is the result of processing and organizing data?
What is the result of processing and organizing data?
What is the term for a group of related fields in a database?
What is the term for a group of related fields in a database?
Which of the following is an example of a database software?
Which of the following is an example of a database software?
What is the main function of a database management system?
What is the main function of a database management system?
What is the term for a group of bits that represent one character, number, or symbol?
What is the term for a group of bits that represent one character, number, or symbol?
What is the hierarchy of data organization in a computer system?
What is the hierarchy of data organization in a computer system?
What is the purpose of a database?
What is the purpose of a database?
What is the primary purpose of a data center in an organization?
What is the primary purpose of a data center in an organization?
What is a critical aspect of data center design?
What is a critical aspect of data center design?
What is typically housed in a data center?
What is typically housed in a data center?
Why are data centers vital to an organization?
Why are data centers vital to an organization?
What is a key consideration in data center design?
What is a key consideration in data center design?
What is the primary consideration for banks when managing data as an organizational resource?
What is the primary consideration for banks when managing data as an organizational resource?
What is a critical consideration when discussing data management in online banking?
What is a critical consideration when discussing data management in online banking?
What is the relationship between data and information in the context of banking?
What is the relationship between data and information in the context of banking?
What is the primary focus of Chapter 4 of the Advance Level IT Manual for NCC Bank Limited?
What is the primary focus of Chapter 4 of the Advance Level IT Manual for NCC Bank Limited?
What is the primary benefit of effective data management in online banking?
What is the primary benefit of effective data management in online banking?
What is the primary benefit of adopting a core banking solution (CBS) platform in the banking industry?
What is the primary benefit of adopting a core banking solution (CBS) platform in the banking industry?
What has been the impact of the introduction of computer and internet facilities in the banking industry?
What has been the impact of the introduction of computer and internet facilities in the banking industry?
What is the primary characteristic of the Web in terms of information quality?
What is the primary characteristic of the Web in terms of information quality?
What is the fundamental rule about information on the Web?
What is the fundamental rule about information on the Web?
What has been the impact of alternative delivery channels in the banking sector?
What has been the impact of alternative delivery channels in the banking sector?
What is the primary objective of implementing separation of duties (SOD) in an organization?
What is the primary objective of implementing separation of duties (SOD) in an organization?
What is the primary benefit of establishing test and production environments in an organization?
What is the primary benefit of establishing test and production environments in an organization?
What is the primary purpose of turning on audit trails, monitoring software, or exception reports in an organization?
What is the primary purpose of turning on audit trails, monitoring software, or exception reports in an organization?
What is the primary goal of a password policy in a banking organization?
What is the primary goal of a password policy in a banking organization?
What is the primary consequence of a poorly chosen password in a banking organization?
What is the primary consequence of a poorly chosen password in a banking organization?
What has been the impact of technological advancements on global funds transfer?
What has been the impact of technological advancements on global funds transfer?
What is the primary expectation of customers from banks in terms of technology?
What is the primary expectation of customers from banks in terms of technology?
What is the current role of ICT in the banking sector in Bangladesh?
What is the current role of ICT in the banking sector in Bangladesh?
What has been the impact of technological advancements on financial activity globally?
What has been the impact of technological advancements on financial activity globally?
What is the primary purpose of ICT in banking?
What is the primary purpose of ICT in banking?
What is the primary function of a database management system?
What is the primary function of a database management system?
What is the result of processing and organizing data?
What is the result of processing and organizing data?
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?
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?
What is the lowest level of data organization in a computer system?
What is the lowest level of data organization in a computer system?
What is the term for a group of related fields in a database?
What is the term for a group of related fields in a database?
What is the purpose of organizing data in a hierarchical structure?
What is the purpose of organizing data in a hierarchical structure?
What is an example of a database software?
What is an example of a database software?
What is the term for a group of bits that represent one character, number, or symbol?
What is the term for a group of bits that represent one character, number, or symbol?
What is the primary purpose of a database?
What is the primary purpose of a database?
What is the hierarchy of data organization in a computer system?
What is the hierarchy of data organization in a computer system?
What is the primary purpose of authentication in data access control?
What is the primary purpose of authentication in data access control?
What is the relationship between authorization and accounting in data access control?
What is the relationship between authorization and accounting in data access control?
What is the benefit of using a multifactor authentication system in data access control?
What is the benefit of using a multifactor authentication system in data access control?
What is the purpose of recording session statistics and use data in accounting?
What is the purpose of recording session statistics and use data in accounting?
What is the outcome of successful authentication in data access control?
What is the outcome of successful authentication in data access control?
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.
