ExpertACCA · Question 49 · Syllabus C: Business functions, regulation and technology
Scenario: FinTech Solutions requires two signatures for all large payments. They recently detected an attempt to purchase high-value assets using illicit funds to integrate them into the economy. They use distributed ledger technology for transactions and recently suffered an attack that overwhelmed their servers with traffic.
Identify the correct classifications for the following four tasks:
Task 1: Type of control for the two signatures
Task 2: Money laundering stage identified
Task 3: Technology used for transactions
Task 4: Type of cyber-attack suffered
Which of the following combinations is correct?
Scenario: FinTech Solutions requires two signatures for all large payments. They recently detected an attempt to purchase high-value assets using illicit funds to integrate them into the economy. They use distributed ledger technology for transactions and recently suffered an attack that overwhelmed their servers with traffic.
Identify the correct classifications for the following four tasks:
Task 1: Type of control for the two signatures
Task 2: Money laundering stage identified
Task 3: Technology used for transactions
Task 4: Type of cyber-attack suffered
Which of the following combinations is correct?
Answer options:
1-Preventive, 2-Integration, 3-Blockchain, 4-DDoS
1-Detective, 2-Layering, 3-Cloud Computing, 4-Phishing
1-Preventive, 2-Placement, 3-Big Data, 4-Ransomware
1-Corrective, 2-Integration, 3-Blockchain, 4-Malware
How to approach this question
Full Answer
Common mistakes
Practice the full ACCA BT — Business & Technology Practice Exam 5
52 questions · hints · full answers · grading