12 Questions
What is a major concern for banks when it comes to online transactions?
Security threats and risks
What is the primary objective of data confidentiality?
To protect sensitive information from unauthorised access
What should banks evaluate when adopting an encryption solution?
The security requirements associated with their internet systems
What is the purpose of establishing a security strategy for banks?
To provide assurance that online login access and transactions are adequately protected and authenticated
What type of risks do banks face when conducting online transactions?
Denial of service attacks, spamming, spoofing, and other forms of malware
What is the primary purpose of encryption in banks' online systems?
To protect sensitive information from unauthorised access
What should banks consider when selecting encryption algorithms?
Algorithms that are well-established international standards
What is the most important aspect of data encryption?
The protection and secrecy of cryptographic keys
Who should have access to the cryptographic keys?
No single individual should have complete access
What determines the frequency of key changes?
The sensitivity of the data and operational criticality
What is the primary application of cryptography?
Protecting the integrity and privacy of data for a specified time
Where should the encryption security of the customer's PIN and other sensitive data be maintained?
At the application layer
This quiz covers security threats to banks, including denial of service attacks, malware, and phishing, and the importance of implementing strong security measures to mitigate these risks. Test your knowledge of banking security and control objectives. Learn how to address and control technology risk levels.
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