CAMS · Question #892
Which technologies are commonly used to help financial institutions (FIs) navigate privacy and data protection regulations while securely sharing client information with private third-party…
The correct answer is B. Data encryption to protect sensitive information from unauthorized access C. Privacy-enhancing technologies (PETs) to enable secure and privacy-compliant data sharing. Data encryption protects sensitive information from unauthorized access, while privacy-enhancing technologies (PETs) enable secure and compliant data sharing with third parties, helping financial institutions meet privacy and data protection regulations.
Question
Which technologies are commonly used to help financial institutions (FIs) navigate privacy and data protection regulations while securely sharing client information with private third-party entities? (Choose two.)
Options
- ABlockchain to ensure traceability and security in shared data transactions
- BData encryption to protect sensitive information from unauthorized access
- CPrivacy-enhancing technologies (PETs) to enable secure and privacy-compliant data sharing
- DArtificial intelligence (AI) to automating compliance processes like data anonymization and secure
- ECloud storage solutions for efficient data handling and management
How the community answered
(34 responses)- A6% (2)
- B79% (27)
- D3% (1)
- E12% (4)
Explanation
Data encryption protects sensitive information from unauthorized access, while privacy-enhancing technologies (PETs) enable secure and compliant data sharing with third parties, helping financial institutions meet privacy and data protection regulations.
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