Digital Payment Security: Expert Protocols
AI-generated quiz: Digital Payment Security: Expert Protocols
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Showing 5 of 20 questions - take the quiz to answer them all
- 1
Which of the following best describes the concept of 'Integrity' in the context of digital payment security?
- AKeeping sensitive information private from unauthorized individuals.
- BVerifying the identity of the sender and receiver in a transaction.
- CEnsuring that payment data remains unaltered during transmission.
- DConverting readable data into an unreadable format.
- 2
In the context of digital payment security, what is the primary role of the Reserve Bank of India (RBI)?
- ABuilding and operating payment systems like UPI and RuPay.
- BDefining technical and operational security standards for digital payments.
- CSetting national rules for banking and digital payments, including customer protection policies.
- DManaging end-to-end encryption for all online transactions.
- 3
Which of the following is NOT a typical example of 'Something you are' authentication factor in Multi-Factor Authentication (MFA)?
- AFingerprint scan
- BFace scan
- CPassword
- DVoice recognition
- 4
What is the main advantage of using tokenization for online card payments?
- AIt allows merchants to store the real card number securely.
- BIt replaces the actual card number with a random digital token, making the token useless if stolen.
- CIt encrypts the card details during transmission, preventing interception.
- DIt verifies the cardholder's identity using biometric data.
- 5
How does device binding enhance the security of UPI transactions?
- ABy encrypting the UPI PIN on the user's device.
- BBy linking the UPI ID to the user's phone, SIM card, and device ID, preventing use on unauthorized devices.
- CBy generating a unique Virtual Payment Address (VPA) for each transaction.
- DBy requiring biometric authentication for every UPI transaction.