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Question:
a) Differentiate between ‘Gross Settlement' and ‘Multilateral Net Settlement' providing suitable examples where necessary to support your answer.
b) Differentiate between the symmetric and the asymmetric encryption system providing illustrations where necessary to support your answer.
c) The following technologies can be applied to an e-banking infrastructure to ensure security. Briefly explain the role of each one of them.
(i) SSL (Secure Socket Layer) (ii) Digital Certificate
d) Explain the concept behind digital signature and how it can be used to ensure both authenticity and confidentiality. (Provide suitable illustration to support answer).
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Implementing an effective online authentication scheme in practice faces many challenges. Systems with highly sensitive data often require multifactor authentication. But, requirin
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Problem (a) Differentiate between private key and public key encryption. (b) What issue with private key encryption is resolved with public key encryption? (c) Describe
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The three primary types of network protection are the same as the three primary areas where a network can be attacked. Every network needs protection against people-related, hardwa
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