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Name and briefly describe the types of data security banks and credit unions use to protect...

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Finance

  1. Name and briefly describe the types of data security banks andcredit unions use to protect their customers/members
  2. Section 501 of the GLBA mandates a bank to have in writing what3 safeguards?
  3. You are working at a Bank or Credit Union as a Branch Manager.One of the Relationship Managers introduces you to a customer thatis seeking a home mortgage. You determine that this is a newrelationship. According to the USA Patriot Act, what is the firststep you must take?
  4. The new customer is cleared and you open a checking and savingsaccount. Your institution is a state-of-the-art organization, soyou use biometric authentication. Name two biometric authentication"your institution" uses and describe them briefly to your newcustomer to explain how to use them and how it is for theirsecurity

Answer & Explanation Solved by verified expert
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The types of data security banks and credit unions use to protect their customersmembers section 501 of the GLBA mandates a bank to have in writing 3 Safegaurds 1 Data security goes well beyond your storage device alone and in fact encompasses a companys policies and procedures as well as the hardware that maintains the storage infrastructure 2 When it comes to policies and procedures you need to define who can access which data and under what circumstances 3 Further you should log access to sensitive customer information to help provide accountability and provide a deterrent to insiders that threaten    See Answer
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