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Describe the two critical steps that can be used to ensure that an organization's data can be accessed only by authorized users. How does biometrics relate to this process?
Memorandum
A written record or communication used in office or administrative support systems.
Statute of Frauds
A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.
Oral Agreement
A verbal commitment between parties that is not recorded in written form but may still be legally binding.
Collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure on default.
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