While encryption is important on both wired and wireless networks, it's even more critical on wireless networks due to the data being transmitted over radio waves, making it easy to intercept
A bank should use encryption so that customer data cannot be understood if intercepted and only authorised users can access customers' confidential information.
A MAC address is represented as 12hexadecimal digits (48 bits), usually grouped in pairs, with the first three pairs being the manufacturer ID number (OUI) and the last three pairs being the serial number of the network interface card (NIC).
A computing standard is a set of guidelines that when used with different hardware and software allows them to work with each other (compatibility) and allow data exchange (interoperability).