Why is user security particularly important in the world of crypto?* Choose only one answerBecause crypto assets are often held in decentralized wallets with no central authority to help recover lost fundsBecause crypto transactions are subject to high feesBecause exchanges offer insurance against lossBecause blockchain technology is less secure than traditional financial systems

What is the main advantage of using Ethereum over traditional financial systems?Faster transaction processing timesGreater privacy and securityLower transaction feesAvoidance of potential issues of censorship, single point of failure, and fraud

Which of the following are key factors to consider when choosing a secure crypto exchange?* Choose only one answerRobust security measures like 2FA and cold storageA strong reputation and history of security auditsThe exchange’s experience with past security incidentsAll of the above

Why is information security important for organisations and societies?Group of answer choicesBusinesses have regulatory requirements to maintain confidentiality of dataIndividuals can have their identity stolenAll of the aboveBusinesses and economies are at risk of cybercrime and cyberterrorism

What is the primary purpose of a blockchain in the context of cryptocurrencies?Question 11AnswerA.Enhancing user anonymityB.Reducing transaction feesC.Centralizing controlD.Facilitating decentralized and secure transactions

What is the primary purpose of cryptography in network security?To protect data from physical accessTo protect data from unauthorized accessTo protect data from unauthorized accessTo protect data from Physical and Network access