Which of the following best describes the Secure Electronic Transaction (SET) protocol?
Correct Answer: B
Explanation/Reference:
Explanation:
Secure Electronic Transaction (SET) is a security technology proposed by Visa and MasterCard to allow for more secure credit card transaction possibilities than what is currently available. With SET an entity verifies a digital signature of the sender and digitally signs the information before it is sent to the next entity involved in the process.
Incorrect Answers:
A: SET uses digital signatures, not Message Authentication Codes.
C: SET uses digital signatures, not transport layer security.
D: Visa and Mastercard, not American Express, has proposed the SET protocol. The current security solution in use for credit cards transfers use SSL, but SET uses digital signatures.
References:
Harris, Shon, All In One CISSP Exam Guide, 6th Edition, McGraw-Hill, New York, 2013, p. 857