Podcast
Questions and Answers
Which of the following methods uses risk scenarios when estimating the likelihood and impact of significant risk to the enterprise?
Which of the following methods uses risk scenarios when estimating the likelihood and impact of significant risk to the enterprise?
- An IT audit
- An IT security assessment
- A threat and vulnerability assessment (correct)
- A security gap analysis
An enterprise desires a quick implementation of a crucial technical solution that deviates from company policy. What action should the risk practitioner take FIRST?
An enterprise desires a quick implementation of a crucial technical solution that deviates from company policy. What action should the risk practitioner take FIRST?
- Recommend against implementation due to policy violation.
- Recommend immediate revision of the current policy.
- Recommend a risk assessment and subsequent implementation, only if residual risk is accepted. (correct)
- Conduct a risk assessment and decide based on the outcome.
Which of the following will produce comprehensive results when performing a qualitative risk analysis?
Which of the following will produce comprehensive results when performing a qualitative risk analysis?
- Scenarios with threats and impacts (correct)
- Estimated productivity losses
- A vulnerability assessment
- The value of information assets
Under what condition may risk be removed from the risk register?
Under what condition may risk be removed from the risk register?
What is the BEST way to ensure that an accurate risk register is maintained over time?
What is the BEST way to ensure that an accurate risk register is maintained over time?
When should a risk practitioner add an emerging risk to the risk register?
When should a risk practitioner add an emerging risk to the risk register?
What is the PRIMARY objective of a risk management program?
What is the PRIMARY objective of a risk management program?
What is the function of risk assessment techniques for a risk practitioner?
What is the function of risk assessment techniques for a risk practitioner?
A procurement employee discovers that new printer models retain copies of printed documents on a hard disk. What should the employee do FIRST?
A procurement employee discovers that new printer models retain copies of printed documents on a hard disk. What should the employee do FIRST?
Why should risk assessments be repeated at regular intervals?
Why should risk assessments be repeated at regular intervals?
What is the BEST way to approach the assessment of risk to information systems assets?
What is the BEST way to approach the assessment of risk to information systems assets?
What does a lack of adequate controls represent?
What does a lack of adequate controls represent?
An enterprise learns of a security breach at another entity using similar network technology. What is the MOST important action for a risk practitioner to take?
An enterprise learns of a security breach at another entity using similar network technology. What is the MOST important action for a risk practitioner to take?
Detection of changes in which of the following is the MOST likely trigger to conduct a comprehensive risk assessment?
Detection of changes in which of the following is the MOST likely trigger to conduct a comprehensive risk assessment?
Which risk identification technique BEST supports an enterprise seeking anonymous risk input from employees?
Which risk identification technique BEST supports an enterprise seeking anonymous risk input from employees?
Which description BEST reflects the information needed for each risk in a risk register?
Which description BEST reflects the information needed for each risk in a risk register?
What is the GREATEST advantage of performing a business impact analysis (BIA)?
What is the GREATEST advantage of performing a business impact analysis (BIA)?
What is the PRIMARY advantage of creating and updating a risk register?
What is the PRIMARY advantage of creating and updating a risk register?
Which option BEST assists a risk practitioner in measuring the existing development level of risk management processes against the desired state?
Which option BEST assists a risk practitioner in measuring the existing development level of risk management processes against the desired state?
Which of the following is MOST effective in assessing business risk?
Which of the following is MOST effective in assessing business risk?
In which risk management process does the preparation of a risk register begin?
In which risk management process does the preparation of a risk register begin?
What is a business impact analysis (BIA) used for PRIMARILY?
What is a business impact analysis (BIA) used for PRIMARILY?
Risk scenarios enable the risk assessment process because they:
Risk scenarios enable the risk assessment process because they:
Which information in the risk register helps the MOST in developing accurate risk scenarios?
Which information in the risk register helps the MOST in developing accurate risk scenarios?
What BEST helps identify information systems control deficiencies?
What BEST helps identify information systems control deficiencies?
When assessing the performance of a critical application server, from what can the MOST reliable assessment results be obtained?
When assessing the performance of a critical application server, from what can the MOST reliable assessment results be obtained?
Which situation presents the GREATEST risk when updating the risk register?
Which situation presents the GREATEST risk when updating the risk register?
How is IT risk measured?
How is IT risk measured?
Deriving the likelihood and impact of risk scenarios through statistical methods can BEST be described as:
Deriving the likelihood and impact of risk scenarios through statistical methods can BEST be described as:
During an internal risk assessment, a risk manager notes that local management has proactively mitigated a high-level risk related to the global purchasing process. Which of the following accurately reflects responsibility?
During an internal risk assessment, a risk manager notes that local management has proactively mitigated a high-level risk related to the global purchasing process. Which of the following accurately reflects responsibility?
Which of the following BEST estimates the likelihood of significant events affecting an enterprise?
Which of the following BEST estimates the likelihood of significant events affecting an enterprise?
Which of the following BEST improves decision-making related to risk?
Which of the following BEST improves decision-making related to risk?
What is the PRIMARY reason to have the risk management process reviewed by an independent risk management professional?
What is the PRIMARY reason to have the risk management process reviewed by an independent risk management professional?
What review is BEST suited for IT risk analysis results before they are sent to management for approval and decision making?
What review is BEST suited for IT risk analysis results before they are sent to management for approval and decision making?
What is the FIRST step in identifying and assessing IT risk?
What is the FIRST step in identifying and assessing IT risk?
Risk scenarios should primarily be created based on which of the following:
Risk scenarios should primarily be created based on which of the following:
Which of the following triggers performance of an internal ad hoc risk assessment BEFORE the annual occurrence?
Which of the following triggers performance of an internal ad hoc risk assessment BEFORE the annual occurrence?
When a start-up company becomes popular, and suddenly is the target of hackers, what is this considered?
When a start-up company becomes popular, and suddenly is the target of hackers, what is this considered?
To gain a thorough understanding of what, is the PRIMARY reason an external risk assessment team reviews documentation as the first step in a risk assessment?
To gain a thorough understanding of what, is the PRIMARY reason an external risk assessment team reviews documentation as the first step in a risk assessment?
When using a maturity model for assessing the risk management process, which capability dimensions is MOST important?
When using a maturity model for assessing the risk management process, which capability dimensions is MOST important?
Flashcards
Threat and vulnerability assessment
Threat and vulnerability assessment
Evaluates business process elements for threats/vulnerabilities, identifying likelihood and business impact if realized.
Risk practitioner's role
Risk practitioner's role
Clarify risk when policies can't be followed; implement solution only if related risk is formally accepted.
Comprehensive qualitative risk analysis
Comprehensive qualitative risk analysis
Using possible threat scenarios better frames the range of risk and facilitates informed decisions.
Maintaining a Risk Register
Maintaining a Risk Register
Signup and view all the flashcards
Primary Objective of Risk Management
Primary Objective of Risk Management
Signup and view all the flashcards
Use of Risk Assessment Techniques
Use of Risk Assessment Techniques
Signup and view all the flashcards
Importance of risk assessment
Importance of risk assessment
Signup and view all the flashcards
Assessing Information System Risk
Assessing Information System Risk
Signup and view all the flashcards
When to add emerging risk
When to add emerging risk
Signup and view all the flashcards
What is a vulnerability?
What is a vulnerability?
Signup and view all the flashcards
Learning of a security breach
Learning of a security breach
Signup and view all the flashcards
Triggering a Comprehensive Risk Assesment
Triggering a Comprehensive Risk Assesment
Signup and view all the flashcards
Delphi Technique
Delphi Technique
Signup and view all the flashcards
Information in a risk register
Information in a risk register
Signup and view all the flashcards
Greatest advantage of Business Impact Analysis (BIA)
Greatest advantage of Business Impact Analysis (BIA)
Signup and view all the flashcards
Advantage of updating Risk Register
Advantage of updating Risk Register
Signup and view all the flashcards
The Capacity Maturity Model
The Capacity Maturity Model
Signup and view all the flashcards
Risk Scenarios
Risk Scenarios
Signup and view all the flashcards
Business Impact Analysis (BIA)
Business Impact Analysis (BIA)
Signup and view all the flashcards
Risk Scenarios used in Assessment
Risk Scenarios used in Assessment
Signup and view all the flashcards
Gap Analysis
Gap Analysis
Signup and view all the flashcards
Continuous Monitoring
Continuous Monitoring
Signup and view all the flashcards
Updating Risk Register annually
Updating Risk Register annually
Signup and view all the flashcards
IT Risk Measured
IT Risk Measured
Signup and view all the flashcards
Quantitative Risk Analysis
Quantitative Risk Analysis
Signup and view all the flashcards
Mitigation in Global Enterprise
Mitigation in Global Enterprise
Signup and view all the flashcards
Scenario Analysis
Scenario Analysis
Signup and view all the flashcards
Documented risk register
Documented risk register
Signup and view all the flashcards
Primary reason to review
Primary reason to review
Signup and view all the flashcards
Peer Review: IT Risk Analysis
Peer Review: IT Risk Analysis
Signup and view all the flashcards
First Step: Identify IT Risk
First Step: Identify IT Risk
Signup and view all the flashcards
Important factors to consider
Important factors to consider
Signup and view all the flashcards
Ad Hoc Risk assessment
Ad Hoc Risk assessment
Signup and view all the flashcards
Emerging threat, start-up
Emerging threat, start-up
Signup and view all the flashcards
Primary reasons External Risk Assessment
Primary reasons External Risk Assessment
Signup and view all the flashcards
Capability Dimensions, Maturity model
Capability Dimensions, Maturity model
Signup and view all the flashcards
Define vulnerability
Define vulnerability
Signup and view all the flashcards
What value does a risk register have?
What value does a risk register have?
Signup and view all the flashcards
Main risk assessments objective
Main risk assessments objective
Signup and view all the flashcards
Best use of a maturity model
Best use of a maturity model
Signup and view all the flashcards
Study Notes
IT Risk Assessment Overview
- IT risk assessment estimates significant risk likelihood and impact
- Utilizes risk scenarios for estimation
- Focuses on all business process components for threats and vulnerabilities
- Identifies occurrence likelihood
- Determines the business impact of realized threats
Technical Solution Implementation
- In cases of critical business importance where technical solutions deviate from policies, conduct a risk assessment
- Implement the solution only if related risk has formal enterprise acceptance
Qualitative Risk Analysis
- In qualitative risk analysis that involves scenarios with threats and impacts, comprehensive results obtained
- Frames the risk range
- Facilitates informed discussions and decisions
Risk Register Management
- When a risk is no longer relevant, remove it from the risk register
Maintaining an Accurate Risk Register
- Publish the risk register centrally
- Use workflow features for periodic polling of risk assessors
- Employ a knowledge management platform featuring workflow and polling to automate register maintenance
Emerging Risk Addition
- An emerging risk should be added when the triggering activity has initiated
Risk Management Program Objectives
- The primary goal is to maintain residual risk at an acceptable level for the business
Risk Assessment Technique Application
- Apply risk assessment techniques to efficiently justify and implement risk mitigation strategies
Printer Security Protocol
- Upon noticing new printer models retain document copies on an internal hard disk, notify the security manager
- Risk assessment determines appropriate mitigation techniques relative to enterprise risk context and appetite
Repeated Risk Assessments
- Conducted at regular intervals because business threats are constantly evolving
Assessing Information System Risk
- Best achieved by evaluating threats linked to existing informational assets
What a Lack of Adequate Controls Represents
- Indicates a vulnerability, sensitive information and exposing data
Incident Response Protocol
Assess likelihood of similar incident at the risk practitioner's enterprise upon security breach at another entity
Most Likely Trigger for Risk Assessment
- Detected business environment changes triggers comprehensive periodic risk assessment
Technique For Identifying Risk
- Anonymous risk identification via Delphi technique involves polling anonymously or privately
Key Info Need For Each Risk
- Mitigation action and owner to be specified
Greatest Advantage Of Impact Analysis
- Raises enterprise-wide awareness of risk to business recovery and continuity
Primary Advantage
- Maintain an inventory of identified risk
Tool For Measuring Risk
- Capability maturity model assists in measuring existing levels for management
Technique For Assessing Business Risk
- Risk scenarios are valuable in determining identified risk's likelihood and impact
Risk Register
- The risk register details all identified risks
- Risk register identifies the inclusion category, cause, and probability of impacting objectives
- Identifies proposed responses, owners, and current status
Business Impact
- Its primary use is to evaluate the impact of disruption over time on an enterprise's ability to operate
Enablement For Frequency
- When used correctly, risk scenarios aid by making clear 2 key elements
Identifying Business Assets Is Key For:
- Identifying vulnerabilities that will contribute to the risk scenarios
Identifying Info Systems
- Gap analysis helps to identify potential deficiencies
Assessing Performance
- Continuous monitoring can help to track key performance metrics and possibly prevent potentially related issues
Greatest Risk
- Updating the register annually means that it does not show real number for IT risk
Main Measurement
- IT risk is measured mainly by its impact on Business operations
Likelihood And Impact
- Quantitative derives risk, with statistical and data methods
Responsibilities
- The corporate management has the responsibility of a risk - even when response is being executed low on the latter
Scenarios and Analysis
- Scenarios and vulnerability analysis determines risks
Risk Register Capture
- Maintaining a documented risk register improves the relationship and responses
Primary Reasons
- The primary method is to have process reviewed to end with the end-to-end process
Results Sent
- Effciency with good peer result analysis
Steps To Minimize IT Risk
- The first step would to gather information
Scenarios Should Be Based On The Following
- Scenarios need to be based risks the company faces
Introducing New Risks
Introducing mew systems will increase over all risk
New Hacker Targets
- A threat to potentially new hackers
To gain through understanding of an external risk assessment team reviews documentation
- Encompasses business processes
Risk management Process
- Achieved when the process implemented, in its perforce
The Type
- A weakness can be a vulnerability based on management
Provides Detailed Info
- Registers provide related information by supplying activities along decision making skills
The Main Objective
- Detection and documentation
A Maturity Model
- Should help when identifying potential efforts to mediate
The alignment
- The main alignment is related to prioritizing
Likelihood and impact
- Determine the magnitude if they determine it a loss
Benefits Of A Register
- With a register, there is now likely a impact with prioritization
Prevent Low Level Risks
- Address more with a series of attacks.
Total Impact
- A professional makes quantitative measurments to help measure
Should Be Available
- Risk should be in the register
To Establish
- To compare future results
The Important Items
- Are Business objectives
Evaluation
- To take in mind the size and likelihood of loss
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
