JAIIB · PPB

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.

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Q

What is the primary objective of information security in banks?

A

The primary objective is to protect the confidentiality, integrity, and availability (CIA triad) of banking information assets from unauthorized access, misuse, or destruction.

Q

What is a zero-day vulnerability in the context of banking cybersecurity?

A

An unknown software flaw exploited before a patch is available.

Q

What does the term 'CIA triad' stand for in information security?

A

CIA triad stands for Confidentiality, Integrity, and Availability — the three core principles that guide information security policies in banks.

Q

What is credential stuffing and how does it affect online banking?

A

Using stolen username-password pairs to gain unauthorized account access.

Q

What is a firewall in the context of bank network security?

A

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.

Q

What is a honeypot in bank cybersecurity?

A

A decoy system designed to detect and study unauthorized access attempts.

Q

What is an Intrusion Detection System (IDS) used for in banks?

A

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.

Q

What is network segmentation and why is it important for banks?

A

Dividing bank network into zones to limit breach spread.

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