12 Questions
Which of the following best describes controls in an information system?
Proactive measures to prevent risks
When should organizations review their selected controls for effectiveness?
Regularly
What is the main focus after identifying risks within an organization?
Mitigating the highest risk first
Why might an organization choose not to treat a risk condition?
If the cost of treating the risk is too high compared to the potential impact
What is one way controls can be designed to reduce risk impact in an information system?
Protect user passwords
Why is it important for organizations to document and report management decisions about accepting risks?
To ensure transparency and accountability
What is the purpose of implementing a just-in-time access approach?
To reduce the time access is available, decreasing the window of opportunity for unauthorized access
Why is it important to continuously monitor and assess the effectiveness of controls implemented?
To identify gaps, shortcomings, and modify controls as needed
What can happen if the risk management process is unable to keep up with daily changes and deployments in a DevOps IT environment?
The DevOps team takes on the responsibility of mitigating or managing risk daily
Why might it be necessary to complement or supplement controls offered by third-party services?
Third-party controls may not address all identified risks
How does removing all administrative remote access mechanisms reduce the likelihood of a remote compromise?
It reduces the likelihood of unauthorized access by limiting access points
What role does the internal audit function typically play in assessing risk management processes?
It evaluates whether action taken addresses risks and supports organizational objectives
Explore the relationship between the design and selection of controls in information systems and the broader process of risk management. Learn about the importance of regularly reviewing and updating controls based on effectiveness, and how organizations prioritize risk mitigation.
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