Computer Science · Cyber Security
What is the primary purpose of encryption in electronic banking (E-banking)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To allow easy, unrestricted access to bank databases
- 2To accelerate transaction processing speeds
- 3To protect sensitive financial information from unauthorized access✓
- 4To verify the physical location of customers
Correct answer
To protect sensitive financial information from unauthorized access
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