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Recognizing Risk Management Concepts Related to Cloud Services

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VeritableAlgebra
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10 Questions

Each identified risk in a risk register typically has its own column for detailed description.

False

The Threat column in a risk register describes the probability of the risk occurring.

False

The Impact column in a risk register specifies the nature of the risk and potential harm or damage to assets.

True

The Assets column in a risk register lists the owners of the identified risks.

False

Risk registers in the real world are often filled out using specialized risk management software, not Excel.

False

The Date Created column in a risk register signifies when changes were made to the identified risks.

False

Risk registers contain columns to categorize and group identified risks based on their likelihood and impact.

True

Risk registers always include exactly 12 columns as part of their standard classification system.

False

The Grade/Level column in a risk register typically provides a numerical or alphabetical representation allowing comparison between risks.

True

Risk owners are responsible for making changes to the identified risks listed in a risk register.

False

Test your understanding of risk management concepts in the context of cloud services. Explore the differences between data and information, the value placed on information, and the importance of assets inventory. Develop insights into how business processes are built on data and how to define risk.

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