18 Questions
What term is used to describe accounting fraud in the text?
Earnings engineering
What is the most cost-effective approach in dealing with fraud?
Prevention
Which of the following demonstrates effective corporate governance and fraud prevention measures according to the text?
IT monitoring and control
Why does the text emphasize the importance of having a good corporate governance culture?
To demonstrate best practices to regulators
What is one of the internal fraud prevention measures mentioned in the text?
Biometric access control
What does the text suggest would be a benefit of implementing effective corporate governance and fraud prevention measures?
Decreased time spent on additional regulations
What is the role of top management in cybersecurity initiatives?
Sponsoring and promoting security initiatives
Why is it important for security to be viewed as a high priority in organizations?
Due to the growth of mobile technologies and the IoT
What contributes to the rising number of data breaches according to the text?
Interconnected business environment
How is risk defined in the context of cyber risk management?
Probability of a threat exploiting a vulnerability and cost of potential loss or damage
Why is security considered an ongoing, unending process in organizations?
It is similar to painting the Golden Gate Bridge in San Francisco
Why can hardware and software security defenses not fully protect against cybersecurity risks?
They cannot address irresponsible business practices
What is the main focus of Chapter 5 in the text?
Cyber risk management and its importance
Why is it essential for business leaders to prioritize cybersecurity?
To address the sources of cyberthreats putting organizations in jeopardy
How do risk management frameworks, standards, and models help organizations?
Ensure compliance with industry and federal regulations
In the context of cybersecurity, what is an important distinction mentioned in the text?
Compliance and security can diverge
Why do business leaders need to understand that compliance alone may not ensure security?
Because being compliant does not protect against all cyberthreats
What motivates organizations to establish an organizational model for cybersecurity?
Recognizing cyber risk as a top business priority
Test your knowledge about cybersecurity incidents, data breaches, cyberthreat sources, cyberattacks, and their impact on organizations. Explore key learning objectives related to cybersecurity and risk management technology.
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