An IS auditor is reviewing processes for importing market price data from external data providers. Which of the following findings should the auditor consider MOST critical?
A.
The quality of the data is not monitored.
B.
The transfer protocol does not require authentication.
You are importing data from external market provider which makes it authentic source, data quality doesnt need to be monitored as it may only be one source. But transfer protocol should be encrypted both for confidentiality and integrity. Authentication may not even be needed maybe its open to everyone. Answer is clearly D, in all cases you need encryption
This is a key concern because if data quality is not monitored, there is a high chance that inaccurate data will enter the system and negatively impact decision-making.
I Though A is answer. Data quality is most important. There is no need for low quality data. If the data is of a quality appropriate for your business level, you must decide whether to encrypt it or not. This question is about the data brought in.
In practice, the answer should be A. A is related to the SLA with the vendor and therefore has a direct financial impact and legal impact if it is escalated to a dispute. For option B and D, the party baring the risks and costs is actually the vendor, and hence for the auditor's client, the most concerning finding should be A.
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