Which loss event type is the loss of personally identifiableclient information classified as under the Basel II framework?

Which loss event type is the loss of personally identifiableclient information classified as under the Basel II framework?
A . Technology risk
B . Clients, products and business practices
C . Information security
D . External fraud

View Answer

Answer: B

Explanation:

Choice ‘b’ is the correct answer. All other answers areincorrect.

Refer to the detailed loss event type classification under Basel II (see Annex 9 of the accord). You should know the exact names of all loss event types, and examples of each.