IT Risk Assessment Importance
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Questions and Answers

What is the main purpose of conducting security risk assessments?

  • To enhance cybersecurity programs and avoid legal fees
  • To identify threats to IT systems and prioritize mitigation efforts (correct)
  • To increase compliance penalties and customer churn
  • To understand potential business impacts and avoid downtime

What is the focus of a security risk assessment?

  • Assessing customer churn and lost business
  • Considering a host of cyber risks beyond cybersecurity
  • Prioritizing cybersecurity efforts as part of a broader program
  • Identifying vulnerabilities in the IT ecosystem and understanding their financial threat (correct)

What is the difference between IT risk assessments and security risk assessments?

  • IT risk assessments focus on cybersecurity, while security risk assessments consider financial threats
  • Security risk assessments focus on vulnerabilities in the IT ecosystem, while IT risk assessments consider a host of cyber risks (correct)
  • There is no difference, they are both terms for the same process
  • Security risk assessments focus on customer churn, while IT risk assessments consider legal fees

Why are regular security risk assessments considered vital for organizations?

<p>To avoid costly business disruptions, data breaches, compliance penalties, and other damage (C)</p> Signup and view all the answers

What is the ultimate goal of a security risk assessment?

<p>To accurately prioritize security efforts as part of a broader cybersecurity program (B)</p> Signup and view all the answers

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