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?

<p>To reduce human errors in financial transactions (C)</p> Signup and view all the answers

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

<p>To maintain trust and protect customer assets (D)</p> Signup and view all the answers

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

<p>Ensuring confidentiality, integrity, and availability (D)</p> Signup and view all the answers

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

<p>Both functional and assurance requirements (A)</p> Signup and view all the answers

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

<p>Well-established security standards and practices (C)</p> Signup and view all the answers

What does Principle 7 emphasize in relation to security?

<p>Security as risk management (C)</p> Signup and view all the answers

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

<p>Preventative, detective, and responsive controls (B)</p> Signup and view all the answers

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

<p>Complexity in security mechanisms (D)</p> Signup and view all the answers

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

<p>Factual and transparent communication (D)</p> Signup and view all the answers

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

<p>People, process, and technology (B)</p> Signup and view all the answers

What does Principle 12 advocate for in relation to vulnerabilities?

<p>Responsible disclosure of vulnerabilities (B)</p> Signup and view all the answers

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

<p>Ensuring customer confidentiality, integrity, and availability of data and services (D)</p> Signup and view all the answers

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

<p>By transparently safeguarding against threats (B)</p> Signup and view all the answers

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