Which of the following statements regarding data management risk are not true.
A) Rapid adoption of new data technologies like artificial intelligence and cloud-based storage has made data management risk a higher concern for firms.
B) Data management risk is the exposure to loss of value or trust caused by issues or limitations to the firm's ability to acquire, store, transform, and move its data assets.
C) Companies like Visa and Master Card follow a "closed loop" system meaning they act as both the issuer and acquirer to keep their data management in-house.
D) Institutions that invest in data infrastructure and data management increase their chance of preventing risk exposures.
E) Data management risk allows a firm to analyze trends and information to help keep relationships with stakeholders strong and secure.
Correct Answer:
Verified
Q38: Cross-market selling of financial products requires production
Q39: An increase in the cost of the
Q40: Funds transferred on the Fedwire are settled
Q41: Which of the following statements regarding cybersecurity
Q42: How can noninterest operating income of an
Q44: The growth areas in technology and revenues
Q45: Usury ceilings place caps on interest rates
Q46: Regulators have proposed that operational risk should
Q47: The financial services industry is undergoing a
Q48: Delaware and South Dakota have become leading
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents