Cybersecurity and Risk Management Technology: Chapter 5
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Questions and Answers

What term is used to describe accounting fraud in the text?

  • Earnings optimization
  • Corporate governance
  • Earnings engineering (correct)
  • Financial management
  • What is the most cost-effective approach in dealing with fraud?

  • Increasing security personnel
  • Prevention (correct)
  • Detection after the fact
  • Prosecution of violators
  • Which of the following demonstrates effective corporate governance and fraud prevention measures according to the text?

  • IT monitoring and control (correct)
  • Implementing firewalls and e-mail scanners
  • Focusing on maximizing profits
  • Having a strong HR department
  • Why does the text emphasize the importance of having a good corporate governance culture?

    <p>To demonstrate best practices to regulators</p> Signup and view all the answers

    What is one of the internal fraud prevention measures mentioned in the text?

    <p>Biometric access control</p> Signup and view all the answers

    What does the text suggest would be a benefit of implementing effective corporate governance and fraud prevention measures?

    <p>Decreased time spent on additional regulations</p> Signup and view all the answers

    What is the role of top management in cybersecurity initiatives?

    <p>Sponsoring and promoting security initiatives</p> Signup and view all the answers

    Why is it important for security to be viewed as a high priority in organizations?

    <p>Due to the growth of mobile technologies and the IoT</p> Signup and view all the answers

    What contributes to the rising number of data breaches according to the text?

    <p>Interconnected business environment</p> Signup and view all the answers

    How is risk defined in the context of cyber risk management?

    <p>Probability of a threat exploiting a vulnerability and cost of potential loss or damage</p> Signup and view all the answers

    Why is security considered an ongoing, unending process in organizations?

    <p>It is similar to painting the Golden Gate Bridge in San Francisco</p> Signup and view all the answers

    Why can hardware and software security defenses not fully protect against cybersecurity risks?

    <p>They cannot address irresponsible business practices</p> Signup and view all the answers

    What is the main focus of Chapter 5 in the text?

    <p>Cyber risk management and its importance</p> Signup and view all the answers

    Why is it essential for business leaders to prioritize cybersecurity?

    <p>To address the sources of cyberthreats putting organizations in jeopardy</p> Signup and view all the answers

    How do risk management frameworks, standards, and models help organizations?

    <p>Ensure compliance with industry and federal regulations</p> Signup and view all the answers

    In the context of cybersecurity, what is an important distinction mentioned in the text?

    <p>Compliance and security can diverge</p> Signup and view all the answers

    Why do business leaders need to understand that compliance alone may not ensure security?

    <p>Because being compliant does not protect against all cyberthreats</p> Signup and view all the answers

    What motivates organizations to establish an organizational model for cybersecurity?

    <p>Recognizing cyber risk as a top business priority</p> Signup and view all the answers

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