Explain the value of penetration testing
What will be an ideal response?
Penetration testing involves an authorized attempt by an internal audit team or an external security consultant to break into the organization's information system. This type of service is provided by risk management specialists in all the Big Four accounting firms. These specialists spend more than half of their time on security matters. The team attempts to compromise the system using every means possible. With a combination of systems technology skills and social engineering, these teams often find weaknesses in systems that were believed to be secure.
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The item on the liabilities and equity section of a bank's balance sheet that represents the smallest proportion of a typical bank's liabilities and stockholders' equity is:
a. deposits b. stockholders' equity c. securities d. federal funds
Which of the following is an example of a competitive strategy employed by a firm?
A) increasing the price of its product when raw material prices increase B) laying off staff in order to cut down costs during a recession period C) advertising its products nationwide like its competitor organizations D) launching a unique product targeted at a section of consumers