General Studies · Digital Banking and Security
Regarding the security and protocol aspects of Electronic Banking and Electromagnetic Cards, read the following statements: (I) Strong Customer Authentication (SCA) is only mandatory for high-value transactions above 2,000 rupees in India's card networks. (II) Virtual Private Networks (VPNs) are commonly used to provide secure and private communication links between bank branches and the central data center, making it a critical part of the Data Communication Networks. (III) The term 'Salami Attack' in Electronic Banking refers to a type of distributed denial-of-service attack (DDoS) on the bank's website. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only II and III are correct
- 2Only I and III are correct
- 3Only II is correct✓
- 4Only I and II are correct
Correct answer
Only II is correct
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