A mitigating technique designated to prevent an event from occurring. -
ANSWER-Preventive Control
A plan that defines the action steps, involved resources and communication
strategy upon identification of a threat or potential threat event, such as a breach in
security protocol, power or telecomunnications outage, severe weather or
workplace violence. - ANSWER-Incident Response Plan
A technique used to internally assess the effectiveness of risk management and
control processes. - ANSWER-Control Self-Assessment
Comprehensive strategies to recover, resume and maintain all critical business
functions. - ANSWER-Business Continuity Strategy
Controls to prevent and detect unauthorized activity. - ANSWER-Technical
Controls
Defines the manner in which an organization will proceed, perform or affect
something to accomplish the objectives of a policy. - ANSWER-Procedures
Governs the handling of payments for the Bureau of Public Debt made through the
ACH Network. - ANSWER-Title 31 of the Code of Federal Regulation (CFR) Part
370
Law to protect consumers purchasing financial products and services requiring that
consumers have access to information that lets them choose the option they believe
,is best for their situation. - ANSWER-Unfair, Deceptive or Abusive Acts or
Practices (UDAAP)
Process of comparing risk analysis results to determine if risk is at an acceptable
level. - ANSWER-Risk Evaluation
Process of identifying the potential impact of uncontrolled, non-specific events on
an institution's business processes. - ANSWER-Business Impact Analysis (BIA)
Process of planning, organizing, leading and controlling the activities of an
organization to minimize the effects of risk on that organization. - ANSWER-
Enterprise Risk Management
Process to determine the likelihood of an adverse event or threat occurring and the
potential impact of such an event on the institution. - ANSWER-Risk
Measurement
Security technique used to regulate who or what can view or use resources in a
computing environment. - ANSWER-User Access Controls
Systematic examination of systems to identify, quantify and prioritize the security
deficiencies of the systems. - ANSWER-Vulnerability Assessment
Testing method involves actual mobilization of personnel to other sites attempting
to establish communications and perform actual recovery processing as outlined in
the business continuity plan (BCP). - ANSWER-Function Drill/Parallel Test
Total process required to identify, control and minimize the impact of uncertain
events. - ANSWER-Risk Management
, Use of different controls at different points in a transaction process. - ANSWER-
Layered Security
Testing method ensures critical personnel from all areas are familiar with the
business continuity plan (BCP) and may be used as an effective training tool. -
ANSWER-Tabletop Exercise/Structured Walk-Through Test
Testing method used to apply a specific event scenario to the business continuity
plan (BCP). - ANSWER-Walk-Through Drill/Simulation Test
A bank account established directly or indirectly by an employer on behalf of an
employee to which an employee's wages are electronically transferred to. -
ANSWER-Payroll Card Account
A card indicating the holder has been granted a line of credit to make purchases or
withdraw cash up to a prearranged ceiling. - ANSWER-Credit Card
A card-based payment system that assigns a value to the card; some cards can be
"reloaded" through various methods and others are designed to be discarded. -
ANSWER-Prepaid/Stored Value Card
A check that never appears in paper form. - ANSWER-ECI - Electronically
Created Item
A company or individual that has been authorized by the Receiver to initiate either
a credit or debit ACH entry to their account. - ANSWER-Originator
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