0

Cybersecurity and Financial Services

Description: Cybersecurity and Financial Services Quiz
Number of Questions: 15
Created by:
Tags: cybersecurity financial services information security
Attempted 0/15 Correct 0 Score 0

What is the primary objective of cybersecurity in the financial services industry?

  1. To protect customer data and financial transactions

  2. To ensure compliance with regulatory requirements

  3. To maintain the reputation of financial institutions

  4. All of the above


Correct Option: D
Explanation:

Cybersecurity in the financial services industry aims to protect customer data, ensure compliance, and maintain the reputation of financial institutions.

Which of the following is NOT a common type of cyberattack targeting financial institutions?

  1. Phishing

  2. Malware

  3. DDoS attacks

  4. Insider trading


Correct Option: D
Explanation:

Insider trading is not a cyberattack, but rather a form of financial fraud.

What is the purpose of multi-factor authentication (MFA) in financial services?

  1. To add an extra layer of security to user accounts

  2. To prevent unauthorized access to sensitive data

  3. To comply with regulatory requirements

  4. All of the above


Correct Option: D
Explanation:

MFA adds an extra layer of security, prevents unauthorized access, and helps financial institutions comply with regulations.

Which regulatory body is responsible for overseeing cybersecurity in the financial services industry in the United States?

  1. Federal Deposit Insurance Corporation (FDIC)

  2. Securities and Exchange Commission (SEC)

  3. Financial Industry Regulatory Authority (FINRA)

  4. All of the above


Correct Option: D
Explanation:

FDIC, SEC, and FINRA all have a role in overseeing cybersecurity in the financial services industry in the United States.

What is the term used to describe the unauthorized access, use, disclosure, disruption, modification, or destruction of information in electronic form?

  1. Cybersecurity

  2. Cybercrime

  3. Information security

  4. Data breach


Correct Option: B
Explanation:

Cybercrime refers to the unauthorized access, use, disclosure, disruption, modification, or destruction of information in electronic form.

Which of the following is NOT a best practice for financial institutions to protect against cyberattacks?

  1. Implementing strong cybersecurity policies and procedures

  2. Regularly updating software and systems

  3. Educating employees about cybersecurity risks

  4. Ignoring cybersecurity risks and hoping for the best


Correct Option: D
Explanation:

Ignoring cybersecurity risks is not a best practice and can lead to serious consequences.

What is the term used to describe the process of identifying, assessing, and mitigating cybersecurity risks?

  1. Risk assessment

  2. Vulnerability assessment

  3. Penetration testing

  4. Incident response


Correct Option: A
Explanation:

Risk assessment is the process of identifying, assessing, and mitigating cybersecurity risks.

Which of the following is NOT a common type of financial fraud facilitated by cybercrime?

  1. Identity theft

  2. Credit card fraud

  3. Money laundering

  4. Insider trading


Correct Option: D
Explanation:

Insider trading is not a type of financial fraud facilitated by cybercrime.

What is the term used to describe a malicious software program that is designed to steal sensitive information from a user's computer?

  1. Virus

  2. Trojan horse

  3. Spyware

  4. Malware


Correct Option: C
Explanation:

Spyware is a malicious software program that is designed to steal sensitive information from a user's computer.

Which of the following is NOT a common type of cybersecurity attack that targets financial institutions?

  1. Phishing

  2. Malware

  3. DDoS attacks

  4. Zero-day attacks


Correct Option: D
Explanation:

Zero-day attacks are not a common type of cybersecurity attack that targets financial institutions.

What is the term used to describe a type of cyberattack that involves flooding a target system with traffic in order to overwhelm it and prevent legitimate users from accessing it?

  1. Phishing

  2. Malware

  3. DDoS attacks

  4. Insider trading


Correct Option: C
Explanation:

DDoS attacks involve flooding a target system with traffic in order to overwhelm it and prevent legitimate users from accessing it.

Which of the following is NOT a common type of cybersecurity control used to protect financial institutions from cyberattacks?

  1. Firewalls

  2. Intrusion detection systems

  3. Anti-malware software

  4. Employee training


Correct Option: D
Explanation:

Employee training is not a cybersecurity control, but rather a cybersecurity best practice.

What is the term used to describe a type of cyberattack that involves tricking a user into clicking on a malicious link or opening a malicious attachment in an email?

  1. Phishing

  2. Malware

  3. DDoS attacks

  4. Insider trading


Correct Option: A
Explanation:

Phishing involves tricking a user into clicking on a malicious link or opening a malicious attachment in an email.

Which of the following is NOT a common type of cybersecurity incident that can occur in the financial services industry?

  1. Data breaches

  2. Malware infections

  3. DDoS attacks

  4. Insider trading


Correct Option: D
Explanation:

Insider trading is not a cybersecurity incident, but rather a type of financial fraud.

What is the term used to describe a type of cybersecurity attack that involves exploiting a vulnerability in software or a system to gain unauthorized access or control?

  1. Phishing

  2. Malware

  3. Exploit

  4. Insider trading


Correct Option: C
Explanation:

An exploit is a type of cybersecurity attack that involves exploiting a vulnerability in software or a system to gain unauthorized access or control.

- Hide questions