How does a Man-in-the-Middle (MitM) attack compromise secure inter-branch transactions?By decrypting the data transmitted between branchesBy impersonating one of the branches in the transactionBy altering the transaction amounts without detectionBy creating a denial of service conditio
Question
How does a Man-in-the-Middle (MitM) attack compromise secure inter-branch transactions?By decrypting the data transmitted between branchesBy impersonating one of the branches in the transactionBy altering the transaction amounts without detectionBy creating a denial of service conditio
Solution
A Man-in-the-Middle (MitM) attack compromises secure inter-branch transactions in several ways:
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By Decrypting the Data Transmitted Between Branches: If the attacker can intercept the communication between the branches, they can potentially decrypt the data being transmitted. This would allow them to view sensitive information, such as transaction details.
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By Impersonating One of the Branches in the Transaction: In a MitM attack, the attacker positions themselves between the communicating parties. They can then impersonate one of the branches, tricking the other into believing they are communicating with the legitimate branch. This allows the attacker to receive and potentially alter the transaction data.
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By Altering the Transaction Amounts Without Detection: Once the attacker has intercepted the communication, they can alter the transaction amounts. Since they are in the middle of the communication, this alteration can potentially go undetected.
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By Creating a Denial of Service Condition: The attacker could also use their position to create a denial of service condition. This could involve flooding one or both branches with traffic, causing their systems to become overwhelmed and potentially disrupting the transaction process.
Similar Questions
Man-in-the-Middle (MitM) attacks are a significant security threat in which an attacker secretly relays and possibly alters the communication between two parties who believe they are directly communicating with each other. Which of the following measures is considered most effective in preventing Man-in-the-Middle attacks?Group of answer choicesEnforcing a policy of regularly changing passwords.Limiting the physical access to network infrastructure.Implementing end-to-end encryption for data transmission.Increasing the frequency of system backup procedures
What is the term for a Man-in-the middle (MITM) attack that involves intercepting and altering communication between two parties secretly?Eavesdropping attackSpoofing attackTampering attackRelay attack
What principle underlies the use of "hardware security modules" (HSMs) in securing inter-branch transaction processing?Storing cryptographic keys in a physically secure environment to prevent unauthorized accessEncrypting data using hardware-based algorithms for faster processingManaging user access through hardware-based authentication mechanismsDistributing encryption tasks across multiple devices to enhance security
Man-in-the-Middle (MitM) Attacks: Intercepting and altering communication between users and web applications.
A multinational corporation has multiple branches across the world and utilizes a centralizeddatabase system. Employees from different branches access this database daily.(a) Describe a potential scenario where an attacker uses a Man-in-the-Middle (MitM) attack tocompromise data being transferred between a branch and the central database. (3 marks)(b) How would a Virtual Private Network (VPN) help mitigate the risks of such an attack? (3marks)(c) If an insider threat wanted to extract sensitive data without causing immediate suspicion,which type of attack might they employ and how would they execute it? (4 marks
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