- 20 Marks
BSIM – April 2024 – L3 – Q4 – Strategic Information Management Plan and Security Threats
Importance of creating a Strategic IM Plan for financial institutions and common information security threats from digital banking channels.
Question
a. What factors make it important for a Deposit-Taking Financial Institution to opt for the creation of a Strategic Information Management Plan? Elaborate with two (2) instances. (10 marks)
b. The adoption of Digital Channels for Banking Services has brought about a multitude of Information Security threats. Offer two (2) instances where these risks are particularly widespread within the Financial Services Sector. (10 marks)
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