Preview Questions FinTech Specialist | Role Specific Skill

Question 1: How do financial institutions use "big data" analytics to enhance decision-making processes in investment portfolios?

Which action should you take?

Choose only one option

By analyzing large datasets for trends, patterns, and predictions about asset performance

By encrypting data to prevent unauthorized access

By reducing the need for human expertise in investment management

By storing all financial data in unstructured formats

Question 2: In a financial institution, how does a Data Loss Prevention (DLP) system help secure sensitive customer data?

Which action should you take?

Choose only one option

By detecting and blocking unauthorized access to data

By encrypting sensitive data stored in databases

By providing security training to employees

By reducing the cost of compliance audits

Question 3: What is the main function of a Data Loss Prevention (DLP) system in financial institutions?

Which action should you take?

Choose only one option

Enhancing network speed

Encrypting data at rest

Preventing unauthorized data transfers

Detecting intrusions

Question 4: What is the main advantage of using a decentralized ledger in the context of banking?

Which action should you take?

Choose only one option

It centralizes the control of financial records

It ensures that all data is easily reversible

It allows for faster transaction processing and settlement

It reduces the risk of centralized fraud and failure

Question 5: When designing a secure API gateway in a financial context, which method ensures that API credentials and secrets used by backend services are not exposed in logs or error messages if a security incident occurs?

Which action should you take?

Choose only one option

Hardcoding API secrets in code and obfuscating them

Logging all request headers and query parameters for troubleshooting

Allowing full verbose stack traces in production logs

Redacting or masking sensitive fields before logging, implementing centralized secret management, and restricting error verbosity

Question 6: Which protocol is commonly used in the implementation of secure peer-to-peer payment systems in blockchain?

Which action should you take?

Choose only one option

IPFS

SSL/TLS

HTTPS

TCP/IP