Business Studies · Risk Management
Consider the operational aspects of modern banking security: (1) SOCs monitor network behavior 24x7 using SIEM tools. (2) Fraud Risk Management utilizes threat intelligence feeds from bodies like CERT-In. (3) The 'Three Lines of Defense' model involves business units, risk compliance, and internal audit. Which of the following evaluations is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only statements 1 and 2 provide accurate frameworks.
- 2Statements 2 and 3 are correct, but statement 1 is false since SOCs only operate during regular business hours.
- 3All three statements are accurate and reflect modern Cyber Fraud Risk Management in banks.✓
- 4Statement 1 and 3 are correct, but statement 2 is false because banks are legally prohibited from checking threat intelligence.
Correct answer
All three statements are accurate and reflect modern Cyber Fraud Risk Management in banks.
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