What is transaction security?

Understanding Transaction Security

Quiz
•
English
•
12th Grade
•
Easy
Veronica Cozma
Used 6+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transaction security involves the physical security of bank branches.
Transaction security refers to the speed of financial transactions.
Transaction security is the protection of financial transactions from fraud and unauthorized access.
Transaction security is the process of auditing financial records.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is transaction security important in online banking?
Transaction security is important to protect sensitive information and prevent fraud in online banking.
Online banking does not require any security measures.
Transaction security is primarily for customer convenience.
Transaction security is only necessary for large transactions.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are common threats to transaction security?
Phishing, man-in-the-middle attacks, malware, insecure networks.
Regular software updates
Two-factor authentication
Strong passwords
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can encryption enhance transaction security?
Encryption slows down transaction processing times.
Encryption enhances transaction security by protecting sensitive data from unauthorized access and ensuring data integrity.
Encryption is only necessary for online banking transactions.
Encryption makes data more accessible to authorized users.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role do firewalls play in transaction security?
Firewalls protect transaction security by monitoring and controlling network traffic to prevent unauthorized access.
Firewalls automatically approve all incoming transaction requests.
Firewalls are used to speed up transaction processing times.
Firewalls encrypt transaction data to ensure privacy.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is two-factor authentication and how does it improve security?
Two-factor authentication is a method that only requires a password to access an account.
Two-factor authentication is a security feature that uses only biometric data for verification.
Two-factor authentication (2FA) is a security measure that requires two forms of identification to access an account, improving security by adding an extra layer of protection.
Two-factor authentication is a process that eliminates the need for passwords entirely.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the differences between symmetric and asymmetric encryption?
Asymmetric encryption requires a single key for both encryption and decryption.
Symmetric encryption is faster than asymmetric encryption because it uses multiple keys.
Symmetric encryption is used for digital signatures, while asymmetric encryption is used for data encryption.
Symmetric encryption uses one key for both encryption and decryption, while asymmetric encryption uses a pair of keys (public and private).
Create a free account and access millions of resources
Similar Resources on Quizizz
10 questions
NFTs

Quiz
•
9th - 12th Grade
12 questions
Bitcoin Quiz

Quiz
•
12th Grade
10 questions
E-MONEY

Quiz
•
11th Grade - University
10 questions
Vocab Argumentative

Quiz
•
12th Grade
11 questions
Listening Unit 4

Quiz
•
12th Grade
15 questions
Prinsip dan Jurnal Akuntansi Keuangan

Quiz
•
12th Grade
15 questions
AVSEC SMS & AVIATION SAFETY

Quiz
•
12th Grade
10 questions
Handling Sensitive Information

Quiz
•
12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for English
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade