Podcast
Questions and Answers
What is the main issue with the company's IT risk management process according to the information provided?
What is the main issue with the company's IT risk management process according to the information provided?
- The company does not have a defined risk appetite framework or quantify risks in financial terms. (correct)
- The IT department does not follow a risk management process.
- The company does not have a documented policy for IT risk management.
- The risk register is not updated regularly, and some risks are not accounted for.
What is the key policy requirement regarding the frequency of updating the IT risk register?
What is the key policy requirement regarding the frequency of updating the IT risk register?
- The risk register should be updated annually.
- The risk register should be updated on a quarterly basis. (correct)
- The risk register should be updated on a monthly basis.
- The risk register should be updated whenever a new risk is identified.
According to the documented policy, what should the company do to quantify IT risks?
According to the documented policy, what should the company do to quantify IT risks?
- Estimate the financial impact of each risk in monetary terms. (correct)
- The policy does not require the company to quantify IT risks.
- Assign a numerical score to each risk based on its likelihood and impact.
- Categorize risks as high, medium, or low based on their potential impact.
What is the main issue with the company's employee training and education program?
What is the main issue with the company's employee training and education program?
According to the documented policy, what is the requirement for employee training and education?
According to the documented policy, what is the requirement for employee training and education?
Which of the following best describes the relationship between the observed IT risk management procedure and the documented policy requirement?
Which of the following best describes the relationship between the observed IT risk management procedure and the documented policy requirement?
What is the purpose of conducting random tests or simulations after training employees?
What is the purpose of conducting random tests or simulations after training employees?
Why is it important to review incident reports related to security breaches?
Why is it important to review incident reports related to security breaches?
What does frequent updated training reflect?
What does frequent updated training reflect?
Why is it essential to evaluate follow-up mechanisms after formal training sessions?
Why is it essential to evaluate follow-up mechanisms after formal training sessions?
What is the main purpose of performing a walkthrough of an organization's IT security procedures?
What is the main purpose of performing a walkthrough of an organization's IT security procedures?
Who might be involved in the walkthrough of an organization's IT security procedures?
Who might be involved in the walkthrough of an organization's IT security procedures?
What is the primary purpose of preventive controls in cyber risk management?
What is the primary purpose of preventive controls in cyber risk management?
Which type of control is an intrusion prevention system (IPS)?
Which type of control is an intrusion prevention system (IPS)?
What is the purpose of firewalls in cyber risk management?
What is the purpose of firewalls in cyber risk management?
What is the main benefit of device and software hardening in cyber risk management?
What is the main benefit of device and software hardening in cyber risk management?
Which cybersecurity framework does COSO recommend integrating with its ERM framework?
Which cybersecurity framework does COSO recommend integrating with its ERM framework?
Which authentication method is recommended for large enterprises handling sensitive data?
Which authentication method is recommended for large enterprises handling sensitive data?
For remote workers, which security measures are recommended?
For remote workers, which security measures are recommended?
Which authentication method is specifically mentioned for the healthcare or financial industries?
Which authentication method is specifically mentioned for the healthcare or financial industries?
In high-security environments like government agencies or the military, which authentication methods are mentioned?
In high-security environments like government agencies or the military, which authentication methods are mentioned?
What is the process of verifying access to specific resources after identifying and authenticating a user called?
What is the process of verifying access to specific resources after identifying and authenticating a user called?
In the discretionary access control (DAC) authorization model, who decides who can access a piece of data or resource?
In the discretionary access control (DAC) authorization model, who decides who can access a piece of data or resource?
What is the primary purpose of incorporating the organization's cyber risk/threat profile into its overall risk assessment?
What is the primary purpose of incorporating the organization's cyber risk/threat profile into its overall risk assessment?
According to COSO, what is the recommended approach for deploying control structures to mitigate cyber risks?
According to COSO, what is the recommended approach for deploying control structures to mitigate cyber risks?
What is the primary role of the information and communication component in COSO's cyber risk management framework?
What is the primary role of the information and communication component in COSO's cyber risk management framework?
What is the primary difference between COSO's approach and the inclusion of specific control activities?
What is the primary difference between COSO's approach and the inclusion of specific control activities?
Which of the following is NOT a key recommendation from COSO for mitigating cyber risks?
Which of the following is NOT a key recommendation from COSO for mitigating cyber risks?
