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).
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