select the correct answer. what does the electronic fund transfer act do? a. it protects banks from malware…

select the correct answer. what does the electronic fund transfer act do? a. it protects banks from malware and hackers. b. it establishes consumer rights relating to electronic banking. c. it gives the pci security standards council the right to monitor banks. d. it defines the illegal activities in which hackers engage.

select the correct answer. what does the electronic fund transfer act do? a. it protects banks from malware and hackers. b. it establishes consumer rights relating to electronic banking. c. it gives the pci security standards council the right to monitor banks. d. it defines the illegal activities in which hackers engage.

Answer

Brief Explanations:

The Electronic Fund Transfer Act (EFTA) is a U.S. federal law that protects consumers engaging in electronic fund - transfers. It sets out the rights, liabilities, and responsibilities of consumers and financial institutions in electronic banking transactions.

Answer:

B. It establishes consumer rights relating to electronic banking.