CompTIA Updated SY0-701 Exam Questions and Answers by macy

Comprehensive and Detailed In-Depth Explanation:

Updating wire transfer processes to include verification steps (such as requiring dual approval or verifying account changes via a secondary communication method) canprevent fraudulenttransactions. Attackers often use business email compromise (BEC) or pretexting to trick employees into transferring funds to fraudulent accounts.

Standardizing security incident reportingis useful for tracking security events but does not prevent fraud in real time.

Executing regular phishing campaignsimproves awareness but does not enforce a verification process for financial transactions.

Implementing insider threat detectionfocuses on internal risks but does not specifically prevent external fraud.

Amore secure wire transfer processwith additional verification steps is the most effective measure against fraudulent transactions.

Acknowledgement and attestationinvolveformal confirmationthat an application is no longer in scope for compliance, auditing, or reporting requirements. This typically includes documentation signed by relevant stakeholders confirming that the software no longer processes, stores, or transmits relevant data.

Data inventory and retention (A)is related to managing data assets, not software scope confirmation.

Right to be forgotten (B)pertains toprivacy laws (e.g., GDPR), allowing individuals to request data deletion.

Due care and due diligence (C)focus on security best practices rather than software applicability.

The first step in responding to a cybersecurity incident, particularly when malware is detected, is to contain the impacted hosts. This action prevents the spread of malware to other parts of the network, limiting the potential damage while further investigation and remediation actions are planned.

References = CompTIA Security+ SY0-701 study materials, particularly on incident response procedures and the importance of containment in managing security incidents​​.

Masking is a method to secure credit card data that involves replacing some or all of the digits with symbols, such as asterisks, dashes, or Xs, while leaving some of the original digits visible. Masking is best to use when a requirement is to see only the last four numbers on a credit card, as it can prevent unauthorized access to the full card number, while still allowing identification and verification of the cardholder. Masking does not alter the original data, unlike encryption, hashing, or tokenization, which use algorithms to transform the data into different formats.