Chapter 9 - new technology and data security

Question 1

What are four benefits of automation?

Answer 1

Improved data integrity
More efficient approval
Greater internal data visibility
Quicker payment from customers

Question 2

What are the five steps of a blockchain?

Answer 2

1. A user raises a transaction
2. A block is created to represent the transaction
3. The block is distributed to every computer in the network
4. Every computer validates the transaction
5. The now authenticated block is added to the chain

Question 3

What are descriptive data analyses

Answer 3

looks at what has happened in past performance, with no explanation

Question 4

What are diagnostic data analyses

Answer 4

looks at past performance, with explanation

Question 5

what are predictive data analyses

Answer 5

looks at future performance, without much explanation

Question 6

what are prescriptive data analyses

Answer 6

makes reccommendations for future performance and how to achieve targets

Question 7

what is the maximum fine for breaches of data protection in the EU

Answer 7

greater of 20 mill euros, or 4% of annual global turnover

Question 8

what is the maximum fine for breaches of data protection in the UK

Answer 8

greater of 17.5 mill pounds, or 4% of annual global turnover

Question 9

what is a firewall?

Answer 9

a barrier that sits between a businesses internal network and the public internet