Sample Solution
Common Criteria (CC) is an international standard for evaluating the security of information technology systems. It provides a framework for assessing and certifying the security of IT products and services in order to ensure their safety, reliability, and trustworthiness. CC also serves as a guideline for vendors creating biometric systems or other IT security applications so that they are able to meet specific minimal requirements designed to protect against threats. When these criteria are met, it allows organizations using the system to be confident in its security capabilities.
The CC standards are divided into seven Evaluation Assurance Levels (EALs) which range from EAL 1 – Functionally Tested to EAL 7 – Formally Verified Design with each level providing more rigorous assurance than the last. One of the most important levels when it comes to biometric systems is EAL 4 – Structurally Tested because this requires comprehensive testing of all features related specifically to system protection profiles (PPs) and security targets (STs). For example, if a company was looking at implementing facial recognition technology into their authentication process then they would require assurance that this particular PP/ST meets all CC standards necessary for maintaining data privacy and integrity.
Overall, Common Criteria plays an important role in helping maintain and enhance the security of biometric systems by providing layers of assurance across various PPs/STs developed by vendors so businesses have confidence that their implemented solutions will effectively protect them from any potential malicious activities trying to exploit weaknesses within them.
the national bank. Regardless, the financial difficulties increased around the 2000s and called for additional severe changes and regulation to address the provisos. Bank of Ghana Act 2002 (Act 612) was proclaimed to additionally state the freedom of the national bank from administrative impact, keep up with cost solidness and elevate monetary approaches to improve development of the financial framework (Appiah-Adu and Bawumia, 2016; Mawutor, 2014).
The widespread financial idea was acquainted in Ghana in 2003 with take out division of banks, increment entrance and contest for capital preparation and make a level stage for banks. The base capital necessity was expanded to GHS 7 million and banks were supposed to accomplish this by 2006. Directly following the different changes, the Financial Demonstration 2004 revoked the Financial Demonstration 1989 to blend existing financial regulations, control banks and other related issues (Adjei-Frimpong, 2013; Swamp, 2007; IMF, 2011). The Financial Demonstration 2004 was likewise corrected as the Banking (Alteration) Act 2007 to allow the foundation of a Worldwide Monetary Administrations Community to support the progression of unfamiliar direct venture and pay from unfamiliar cash overwhelmed expenses. The Financial Demonstration 2007 presented the general financial permit for widespread and seaward banking, Class I banking permit for general banking and Class II financial permit for seaward banking. The Ghanaian money was redenominated in 2007 to compare 10,000 to one dollar. The base capital prerequisite for banks was additionally expanded to GHS 60 million to cause contest and fabricate the limit of banks to take part in bigger exchanges. Unfamiliar possessed banks had a two-year ban and nearby banks, a five-year ban to meet the prerequisite.
The Parliament of Ghana passed an alteration bill to the Bank of Ghana Act 2004 in August 2016. The 2016 Demonstration is to connect escape clauses the 2004 Demonstration, carry guidelines at standard with global accepted procedures, strengthen the independence of the national bank, present new capabilities and wipe out the impact of the Money Pastor in selecting board individuals. The nation likewise went into an IMF-upheld Expanded Credit Office Program in 2015 which determined zero-funding by the national bank to government rather than the 5% supporting ceil passed by Parliament.
Examination of current realities and issues
SWOT examination is a business examination procedure or technique plan device utilized to assess the qualities of a substance to take advantage of chances for development, address shortcomings and moderate dangers to decide strategies that will best adjust the capabilities and assets to
