Katlego Blankets uses an EFT payment system to manage its financial transactions.

Several weaknesses in the system have been identified, posing potential risks to the security and reliability of the payment process as follows:

$$ The EFT system relies on simple username$-$password combinations for user authentication, making it susceptible to unauthorised access.

$$ The EFT system lacks dual authorisation for financial transactions, allowing a single individual to initiate and approve high$-$value transactions without additional checks.

$$ The financial data transmitted during EFT transactions is not adequately encrypted, exposing it to potential interception during data transit.

$$ The EFT system lacks proper access controls, allowing employees with unnecessary privileges to access and potentially misuse financial data

Provide the preventative and detective measures for the weaknesses identified in the Electronic Funds Transfer $($EFT$)$ system.