SECURITY CONSIDERATIONS
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the primary objective of information security in banking?
The primary objective is to protect the confidentiality, integrity, and availability (CIA triad) of information assets against unauthorized access, modification, or disruption.
What is a honeypot in the context of banking network security?
A decoy system designed to lure and detect attackers
What does the CIA triad stand for in the context of banking information security?
CIA stands for Confidentiality (restricting access to authorized users), Integrity (ensuring data is accurate and unaltered), and Availability (ensuring systems are accessible when needed).
What is patch management and why is it critical for bank servers?
Regular updating of software to fix known security vulnerabilities
What is a firewall and how does it protect a bank's network?
A firewall is a network security device that monitors and controls incoming and outgoing traffic based on predefined security rules, preventing unauthorized access to the bank's internal network.
What is biometric authentication and how is it used in banking?
Identity verification using unique physical traits like fingerprint or iris
What is the difference between authentication and authorization in banking systems?
Authentication verifies the identity of a user (who you are), while authorization determines what resources or actions that verified user is permitted to access or perform.
What is a Man-in-the-Middle (MitM) attack in online banking?
Attacker secretly intercepts communication between user and bank server
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