Privacy Breaches in Modern Information Systems Involve Far Less Risk

question 25

True/False

Privacy breaches in modern information systems involve far less risk, and affect fewer people, compared to the older information systems.

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Definitions:

Cheques Clear

Refers to the process by which a bank verifies that the funds available in the account of the individual who wrote the cheque are sufficient to cover the amount, and subsequently moves those funds to the account of the cheque recipient.

Incremental Bad Debt

Additional losses expected from non-payment or default by borrowers beyond what was originally anticipated.

Bad Debt Losses

Financial losses a company incurs when it cannot collect payment from a borrower or customer.

Decline

A decrease in the value or quantity of something.