Moodle software has become the heart of teaching and learning services in education. The software is viewed as a trusted modern platform for transforming learning and teaching modes from conventional face-to-face to fully online classes. However, its use for online examination is very limited despite having a state-of-the-art Quiz Module with features which can auto-generate random question papers and marking schemes. This paper presents a security profile of the Moodle platform as an integral component for administration of online examinations by reviewing its pedagogical assessment features, software configurations, and settings of the Quiz module. The results provide crucial insights that show the Moodle Quiz module is a rich workspace that meets all practical requirements for an efficient, secured, cost-effective, and virtually enabled standard online examination platform. The findings suggest that Moodle can be an effective assessment system if the software is properly and securely hosted and configured on a well established and reliable computing infrastructure.