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Question:
a) Describe why the following security measures are important for e-banking and how are they implemented?
(i) Data Confidentiality (ii) Data Integrity (iii) Auditing
b) 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. Briefly describe the four phases of the Security Risk Management process.
c) Outline briefly how biometric systems work and differentiate between physiological biometrics and behavioral biometrics, giving an example for each biometric measurement.
d) E-banking has unique characteristics that may increase an institution's overall risk profile and the level of risks associated with traditional financial services particularly strategic, operational, legal and reputational risks. Outline these unique e-banking characteristics.
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