Cyber Attack Indication Events & Risk Mitigation

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What is the primary goal of cyber risk mitigation?

To implement security policies and technologies
To reduce the overall impact and risk of a cyber threat (correct)
To identify and respond to threats in a timely manner
To increase revenue

What is a common challenge of cyber risk mitigation for organizations?

Having too many security teams
Identifying too many threats
Having too many assets to protect
Lack of resources (correct)

What is the primary benefit of timely identification and mitigation of cyber risks?

Better security compliance
Increased revenue
Fewer vulnerabilities
Reducing the overall impact and risk of a cyber threat (correct)

What is the main objective of the 'Four Ts' approach in risk mitigation?

To reduce or avoid risks (D) Signup and view all the answers

What are cyber attack indication events?

Signals or signs that indicate the presence of a cyber attack or malicious activity (D) Signup and view all the answers

What do IOAs stand for?

Indicators of Attack (D) Signup and view all the answers

Why are cyber attack indication events important?

To respond immediately to avoid any compromise of business or systems (B) Signup and view all the answers

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 (B) Signup and view all the answers

What is the primary focus of IOCs?

Identifying tactics, techniques, and procedures used by attackers (A) Signup and view all the answers

What is the goal of 'Transferring Risk' in the 'Four Ts' approach?

To shift risk ownership to another party (B) Signup and view all the answers

What do IOCs indicate?

A system or network has been compromised by a cyber attack (A) Signup and view all the answers

What is the main difference between IOAs and IOCs?

IOAs are used for attack detection, while IOCs are used for compromise detection (C) Signup and view all the answers

What is the primary disadvantage of terminating a risk?

It restricts what the organization can do (A) Signup and view all the answers

What is an example of transferring risk?

Contracting with a cloud service provider (D) Signup and view all the answers

What is an example of a risk termination strategy?

Deciding not to store sensitive customer data on servers (B) Signup and view all the answers

What is a disadvantage of transferring risk?

Some risks, such as human error, cannot be fully transferred (D) Signup and view all the answers

What is an advantage of terminating a risk?

It enhances confidence among customers and investors (C) Signup and view all the answers

What is the purpose of treating risk?

To reduce the likelihood of the risk occurring (A) Signup and view all the answers

Why is terminating a risk considered the most expensive risk strategy?

Because it costs the organization potential benefits of the activity (B) Signup and view all the answers

What is a consequence of relying only on accepting risks?

It can lead to the accumulation of risks (C) Signup and view all the answers

What is an example of treating risk?

Setting up antivirus software and firewalls (D) Signup and view all the answers

What is an advantage of treating risk?

It ensures systems and data are safeguarded against various threats (C) Signup and view all the answers

What is a potential long-term consequence of terminating a risk?

It can limit the organization's ability to adapt to changes (A) Signup and view all the answers

What may be left over after treating an unacceptable risk?

A residual risk (A) Signup and view all the answers

A major disadvantage of treating risk is that:

it may not completely eliminate all risks (C) Signup and view all the answers

What is a potential advantage of tolerating risk?

It reduces mistakes and laziness among team members (A) Signup and view all the answers

Why might an organization tolerate risk?

Because the cost of implementing risk management options is too high (C) Signup and view all the answers

What is a potential consequence of accepting risks without proper action?

Legal trouble due to non-compliance with regulations (B) Signup and view all the answers

What is a characteristic of tolerating risk?

It involves no action to mitigate risks (C) Signup and view all the answers

What is a limitation of risk management strategies?

They can be impacted by factors such as budget constraints (A) Signup and view all the answers