30 Questions
What is the primary goal of cyber risk mitigation?
To reduce the overall impact and risk of a cyber threat
What is a common challenge of cyber risk mitigation for organizations?
Lack of resources
What is the primary benefit of timely identification and mitigation of cyber risks?
Reducing the overall impact and risk of a cyber threat
What is the main objective of the 'Four Ts' approach in risk mitigation?
To reduce or avoid risks
What are cyber attack indication events?
Signals or signs that indicate the presence of a cyber attack or malicious activity
What do IOAs stand for?
Indicators of Attack
Why are cyber attack indication events important?
To respond immediately to avoid any compromise of business or systems
What is a common limitation of security teams in mitigating cyber risks?
They are not able to identify and respond to threats in a timely manner
What is the primary focus of IOCs?
Identifying tactics, techniques, and procedures used by attackers
What is the goal of 'Transferring Risk' in the 'Four Ts' approach?
To shift risk ownership to another party
What do IOCs indicate?
A system or network has been compromised by a cyber attack
What is the main difference between IOAs and IOCs?
IOAs are used for attack detection, while IOCs are used for compromise detection
What is the primary disadvantage of terminating a risk?
It restricts what the organization can do
What is an example of transferring risk?
Contracting with a cloud service provider
What is an example of a risk termination strategy?
Deciding not to store sensitive customer data on servers
What is a disadvantage of transferring risk?
Some risks, such as human error, cannot be fully transferred
What is an advantage of terminating a risk?
It enhances confidence among customers and investors
What is the purpose of treating risk?
To reduce the likelihood of the risk occurring
Why is terminating a risk considered the most expensive risk strategy?
Because it costs the organization potential benefits of the activity
What is a consequence of relying only on accepting risks?
It can lead to the accumulation of risks
What is an example of treating risk?
Setting up antivirus software and firewalls
What is an advantage of treating risk?
It ensures systems and data are safeguarded against various threats
What is a potential long-term consequence of terminating a risk?
It can limit the organization's ability to adapt to changes
What may be left over after treating an unacceptable risk?
A residual risk
A major disadvantage of treating risk is that:
it may not completely eliminate all risks
What is a potential advantage of tolerating risk?
It reduces mistakes and laziness among team members
Why might an organization tolerate risk?
Because the cost of implementing risk management options is too high
What is a potential consequence of accepting risks without proper action?
Legal trouble due to non-compliance with regulations
What is a characteristic of tolerating risk?
It involves no action to mitigate risks
What is a limitation of risk management strategies?
They can be impacted by factors such as budget constraints
Test your knowledge on cyber attack indication events, IOAs, IOCs, and risk mitigation techniques. Learn about the challenges of cyber risk mitigation and the different approaches to mitigate cyber threats.
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