a) Explain why the following security measures are important in e-banking:

(i) Data confidentiality
(ii) Data Integrity
(iii) Access control
(iv) Auditing

b) Security Risk Management is a systematic process for determining the likelihood of various security attacks and for identifying the actions needed to prevent or otherwise mitigate those attacks.

(i) Security Risk Management consists of four phases; briefly describe each one of them.

c) In any electronic payment method there are FIVE parties involved. Name each one of them and briefly outline their role.

d) Outline the importance of backup and recovery procedures in an e-banking environment.