Security Considerations and Mitigation Measures in banks
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
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What is the primary objective of information security in banks?
The primary objective is to protect the confidentiality, integrity, and availability (CIA triad) of banking information assets from unauthorized access, misuse, or destruction.
What is a zero-day vulnerability in the context of banking cybersecurity?
An unknown software flaw exploited before a patch is available.
What does the term 'CIA triad' stand for in information security?
CIA triad stands for Confidentiality, Integrity, and Availability — the three core principles that guide information security policies in banks.
What is credential stuffing and how does it affect online banking?
Using stolen username-password pairs to gain unauthorized account access.
What is a firewall in the context of bank network security?
A firewall is a network security device that monitors and controls incoming and outgoing traffic based on predefined security rules, acting as a barrier between trusted internal networks and untrusted external networks.
What is a honeypot in bank cybersecurity?
A decoy system designed to detect and study unauthorized access attempts.
What is an Intrusion Detection System (IDS) used for in banks?
An IDS monitors network or system activities for malicious activities or policy violations and generates alerts, helping banks detect unauthorized access attempts in real time.
What is network segmentation and why is it important for banks?
Dividing bank network into zones to limit breach spread.
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