Question 91 · 856 in bank
Which of the following is a known security risk associated with data archives that contain financial information?
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Answer: A
Explanation
Archiving financial information for longer than required by regulatory guidelines can pose a security risk. The longer data is retained, the more exposure it has to potential breaches or unauthorized access, increasing the risk of sensitive financial information being compromised. Additionally, unnecessary retention of financial data can result in legal and compliance issues if the data is accessed or disclosed improperly. Proper data retention policies should be in place to ensure that financial data is retained for the required period and then securely disposed of when no longer needed.
Source: Adapted from community discussion — ApplebeesWaiter1122