QUESTION

Security Risk Management is a systematic process for determining the likelihood of various security attacks and for identifying the actions needed to prevent or otherwise mitigate those attacks.

a) Security Risk Management consists of four phases, describe each one of them.

b) Explain why the following security measures are important for e-banking:

(i) Auditing

(ii) Data Confidentiality

(iii) Non Repudiation

c) What is a denial-of-service attack?

d) E-banking is a solution implemented over a network (the Internet). There are different risks associated with the network, describe any one technology that exists to ensure that an organization's network boundaries are secure.