Practice Free S2000-023 Exam Online Questions
Which scenarios represent valid use cases for deploying an IBM Cloud Enterprise Account in a financial services context? (Select all that apply.)
- A . A multinational bank needs to create distinct environments for its US, EU, and Asia divisions to simplify regulatory reporting and data isolation while consolidating billing.
- B . A large fintech needs to manage 50 different SaaS products and wants centralized usage reporting for all of them.
- C . A user wants to avoid two-factor authentication.
- D . An insurance company wants to prevent its "Dev" environment from accessing "Prod" data by placing them in separate child accounts under a unified management umbrella.
- E . A startup with one developer needs a single virtual server for a personal blog.
A bank running a large VMware vSphere environment on-premises needs to migrate to IBM Cloud for Financial Services. They require full administrative control (root access) over the hypervisor to install compliant security agents and must keep their existing operational tools (vCenter) to minimize retraining.
Which IBM Cloud solution is the appropriate target for this migration?
- A . IBM Cloud for VMware Solutions (Regulated Workloads)
- B . IBM Cloud Virtual Servers for VPC
- C . IBM Cloud Kubernetes Service (IKS)
- D . Red Hat OpenShift on IBM Cloud (ROKS)
An architect is designing a solution and needs to ensure that the "Security and Compliance Center" (SCC) can actually monitor the resources being deployed.
What is a prerequisite for a resource to be effectively monitored by SCC against the Framework?
- A . The resource must be located in the Dallas region.
- B . The resource must be named with the prefix "scc-".
- C . The resource must be a "Supported Service" that integrates with the SCC scanning engine (e.g., Cloud Object Storage, VPC, Databases for PostgreSQL). Using unsupported custom appliances on bare metal may result in "Blind Spots."
- D . The resource must be public.
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What is the necessary third step to automatically detect if this risk re-occurs (i.e., if a manual change slips through)?
- A . Deploy a bastion host to monitor SSH logins.
- B . Configure IBM Cloud Security and Compliance Center (SCC) to scan the VPC resources daily against the Framework profile.
- C . Ask developers to email the CISO whenever they make a change.
- D . Increase the size of the VPC subnets.
The IBM Cloud for Financial Services operational model is built upon a continuous lifecycle known as "Define-Implement-Assess."
Which statement correctly identifies the primary function of the "Define" phase in this model?
- A . It involves the continuous scanning of deployed resources to generate compliance reports.
- B . It refers to the automated provisioning of infrastructure using Terraform scripts.
- C . It establishes the common set of harmonized security and compliance controls (the Framework) that all financial institutions and partners must adhere to.
- D . It represents the manual audit process conducted by external regulators once a year.
A software company (Target Client: Provider) has built a specialized "Anti-Money Laundering" (AML) tool. They want to list it in the IBM Cloud Catalog for Financial Services.
What is the prerequisite condition for their product to be visible and purchasable by regulated "Consumer" clients in this specific catalog?
- A . It must be written in Java.
- B . It must use only bare metal servers.
- C . It must be free of charge.
- D . It must have achieved Financial Services Validated status by evidencing compliance with the Framework controls.
Review the following description of an ecosystem partner:
Partner_Type: "SaaS Provider"
Status: "Financial Services Validated"
Offering: "AI-based Fraud Detection API"
Compliance_Evidence: "SCC Report Available"
For a bank consuming this service, what is the "Chain of Trust" benefit?
- A . The bank is required to install its own agents on the SaaS provider’s servers.
- B . The bank trusts the SaaS provider, and the SaaS provider trusts IBM; since both links (IBM Platform and SaaS App) are validated against the same Framework, the bank inherits a complete, unbroken compliance lineage.
- C . The SaaS provider assumes control of the bank’s entire cloud account.
- D . The bank must re-audit the SaaS provider’s underlying physical data center.
A financial institution is setting up an "Enterprise Account" structure. They want to use IBM Cloud Trusted Profiles to manage administrative access.
What is the primary operational value of using Trusted Profiles over standard API Keys for a CI/CD pipeline automation user?
- A . Trusted Profiles give the pipeline "Root" access to the entire account by default.
- B . Trusted Profiles eliminate the need to manage and rotate long-lived API keys by issuing short-lived, automatically rotated tokens based on the compute identity (e.g., the Kubernetes cluster).
- C . Trusted Profiles allow the pipeline to run without any authentication.
- D . Trusted Profiles encrypt the pipeline logs.
The "Telecommunications" layer of the FS Cloud reference architecture often includes an "Edge VPC" for specific use cases.
What is the primary function of the Edge VPC (also known as the Transit VPC in some variations) building block when deployed with public internet access?
- A . To provide a centralized point for North/South traffic inspection using a Virtual Network Firewall (VNF) or WAF before traffic reaches the Workload VPC.
- B . To store long-term archival data.
- C . To host the core banking database.
- D . To generate encryption keys.
What is the primary purpose of the "IBM Cloud Framework for Financial Services" within the ecosystem?
- A . To serve as a common, harmonized set of automated security and compliance controls that simplifies adherence to global regulations (like NIST, GDPR, PCI).
- B . To provide a proprietary coding language that all financial applications must be written in.
- C . To manually review every single line of code deployed by financial institutions.
- D . To offer a discount program for banks that use more than 100 virtual servers.