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      Question

      What is 'SIEM' (Security Information and Event

      Management)?
      A A software development methodology for secure coding practices Correct Answer Incorrect Answer
      B An encryption standard for securing inter-bank communication so that no intruder can access vital information Correct Answer Incorrect Answer
      C A network segmentation tool used to isolate critical banking systems Correct Answer Incorrect Answer
      D A platform that aggregates and correlates security logs/events from across the IT infrastructure in real time to detect threats, generate alerts, and support compliance reporting Correct Answer Incorrect Answer
      E A regulatory framework for information security governance Correct Answer Incorrect Answer

      Solution

      SIEM (e.g., Splunk, IBM QRadar, Microsoft Sentinel) collects logs from firewalls, servers, databases, applications, and endpoints, normalizes them, applies correlation rules and machine learning to detect attack patterns and raises alerts for the SOC (Security Operations Centre) team. Banks use SIEM for fraud detection (unusual login patterns), APT detection, insider threat monitoring, and generating audit trails for RBI compliance. RBI mandates a 24×7 SOC with SIEM capabilities for scheduled commercial banks.

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