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Questions and Answers
What is a major concern for banks when it comes to online transactions?
What is a major concern for banks when it comes to online transactions?
- Security threats and risks (correct)
- Profitability and revenue
- Data encryption
- Marketing and advertising
What is the primary objective of data confidentiality?
What is the primary objective of data confidentiality?
- To protect sensitive information from unauthorised access (correct)
- To reduce online security costs
- To provide access to all online systems
- To increase online transaction speed
What should banks evaluate when adopting an encryption solution?
What should banks evaluate when adopting an encryption solution?
- The speed of the encryption process
- The type of encryption algorithm to use
- The cost of the encryption solution
- The security requirements associated with their internet systems (correct)
What is the purpose of establishing a security strategy for banks?
What is the purpose of establishing a security strategy for banks?
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What type of risks do banks face when conducting online transactions?
What type of risks do banks face when conducting online transactions?
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What is the primary purpose of encryption in banks' online systems?
What is the primary purpose of encryption in banks' online systems?
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What should banks consider when selecting encryption algorithms?
What should banks consider when selecting encryption algorithms?
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What is the most important aspect of data encryption?
What is the most important aspect of data encryption?
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Who should have access to the cryptographic keys?
Who should have access to the cryptographic keys?
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What determines the frequency of key changes?
What determines the frequency of key changes?
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What is the primary application of cryptography?
What is the primary application of cryptography?
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Where should the encryption security of the customer's PIN and other sensitive data be maintained?
Where should the encryption security of the customer's PIN and other sensitive data be maintained?
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