Enterprise Cybersecurity Risk Assessment Quiz
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Questions and Answers

What is the objective of Security Risk Assessment?

  • Identify security risks, determine their levels, and rely on insurance for risk mitigation
  • Identify security risks, ignore their levels, and allocate unlimited budget for security controls
  • Identify security risks, determine their levels, and enable appropriate budget allocation for security controls (correct)
  • Identify security risks, determine their levels, and implement security controls without budget consideration

What does 'risk' refer to in the context of Risk Assessment?

  • The potential impact of a threat event without any vulnerability
  • The likelihood of a threat agent causing a threat event due to a potential vulnerability (correct)
  • The potential impact of a threat event without considering likelihood
  • The likelihood of a threat agent causing a threat event without any vulnerability

What does Risk Assessment involve?

  • Identification, estimation of risk levels, and reliance on external standards for acceptable risk levels
  • Identification, evaluation, estimation of risk levels, comparison against benchmarks, and determination of acceptable risk levels (correct)
  • Identification, estimation of risk levels, and acceptance of any level of risk
  • Identification, acceptance, and mitigation of risk levels without comparison

What is the role of Risk Assessment in Risk Management?

<p>To situate risk assessment and enable informed decision-making for risk treatment (B)</p> Signup and view all the answers

What does the Security Risk Assessment objective aim to provide an estimate of?

<p>The potential cost of security breaches and the likelihood of such breaches (D)</p> Signup and view all the answers

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