How does GFEBS ensure data security?

How does GFEBS ensure data security?

• A. By using only physical storage devices
• B. By implementing protective measures like encryption, authentication, and access controls
• C. By relying on users to maintain password security
• D. By conducting regular audits without additional protective measures

Answer: (B)

GFEBS ensures data security primarily by implementing protective measures such as encryption, authentication, and access controls. These measures work together to create a robust security framework that protects sensitive financial and operational data from unauthorized access and breaches. Encryption ensures that even if data is intercepted, it remains unreadable to anyone without the correct decryption key. Authentication verifies the identity of users accessing the system, ensuring that only authorized personnel can view or manipulate sensitive information. Access controls further enhance security by restricting specific privileges based on user roles, allowing only those with the proper clearance to interact with certain data or functions. This comprehensive approach to data security minimizes risks associated with data exposure and ensures GFEBS maintains compliance with security standards and best practices.

GFEBS ensures data security primarily by implementing protective measures such as encryption, authentication, and access controls. These measures work together to create a robust security framework that protects sensitive financial and operational data from unauthorized access and breaches.

Encryption ensures that even if data is intercepted, it remains unreadable to anyone without the correct decryption key. Authentication verifies the identity of users accessing the system, ensuring that only authorized personnel can view or manipulate sensitive information. Access controls further enhance security by restricting specific privileges based on user roles, allowing only those with the proper clearance to interact with certain data or functions.

This comprehensive approach to data security minimizes risks associated with data exposure and ensures GFEBS maintains compliance with security standards and best practices.