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Principles of Information Security in Banking: A Case Study

16 Questions

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Principles of Information Security in Banking: A Case Study

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Questions and Answers

What are the three security goals prioritized by SecureBank?

Confidentiality, Integrity, and Availability (correct)

Confidentiality, Integrity, and Reliability

Confidentiality, Integrity, and Authentication

Confidentiality, Accuracy, and Availability

How does SecureBank approach the concept of absolute security?

By implementing strict security policies for employees

By outsourcing security operations to third-party vendors

By acknowledging the impossibility of achieving absolute security and focusing on continuous improvement (correct)

By investing in the latest security technology

What strategy does SecureBank employ to protect against diverse threats?

Intrusion detection system only

Firewalls only

Single-layer security mechanisms

Defense in depth with multiple layers of security mechanisms (correct)

What is the emphasis of SecureBank's investment in user education and training?

To reduce human errors in financial transactions Signup and view all the answers

According to the case study, why does SecureBank prioritize continuous improvement and adaptation to emerging threats?

To maintain trust and protect customer assets Signup and view all the answers

What is the primary focus of SecureBank's security measures?

Ensuring confidentiality, integrity, and availability Signup and view all the answers

What type of security requirements does the bank focus on, according to Principle 5?

Both functional and assurance requirements Signup and view all the answers

According to Principle 6, what does SecureBank rely on for security instead of secrecy?

Well-established security standards and practices Signup and view all the answers

What does Principle 7 emphasize in relation to security?

Security as risk management Signup and view all the answers

Which types of security controls does SecureBank implement, as mentioned in Principle 8?

Preventative, detective, and responsive controls Signup and view all the answers

According to Principle 9, what is considered the enemy of security?

Complexity in security mechanisms Signup and view all the answers

What approach does SecureBank take to communication with customers, as per Principle 10?

Factual and transparent communication Signup and view all the answers

According to Principle 11, what does SecureBank recognize as essential for adequate security?

People, process, and technology Signup and view all the answers

What does Principle 12 advocate for in relation to vulnerabilities?

Responsible disclosure of vulnerabilities Signup and view all the answers

What is the primary focus of integrating the 12 principles of information security into SecureBank's operations?

Ensuring customer confidentiality, integrity, and availability of data and services Signup and view all the answers

In what way does SecureBank build trust with customers according to the Conclusion?

By transparently safeguarding against threats Signup and view all the answers