Risk Acceptance Strategies in Cybersecurity

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What is the main purpose of an Incident Response Plan (IRP)?

To recover from a catastrophic event

To minimize the attacker's cost

To prevent vulnerabilities from being exploited

To define the actions to take while an incident is in progress (correct)

Which plan is the most common mitigation procedure according to the text?

Business Continuity Plan (BCP)

Incident Response Plan (IRP)

Acceptance Control Approach

Disaster Recovery Plan (DRP) (correct)

What is the primary focus of a Business Continuity Plan (BCP)?

Minimizing the attacker's gain

Ensuring continuation of business activities after a catastrophic event (correct)

Preventing vulnerabilities from being exploited

Increasing the attacker's cost

What approach involves applying layered protections, architectural designs, and administrative controls to minimize risk?

Mitigation Approach Signup and view all the answers

When is the acceptance control approach used?

To evaluate the risk of vulnerabilities and allow them to continue as is Signup and view all the answers

How can organizations increase an attacker's cost according to the text?

By applying layered protections and controls Signup and view all the answers

What is the main purpose of a Cost Benefit Analysis (CBA) in the context of evaluating alternatives?

Determining if the alternative is worth the cost incurred to control vulnerability. Signup and view all the answers

Which type of measures are generally more strategic and less number-focused than metrics-based measures in evaluating security efforts?

Process-based measures Signup and view all the answers

What is a key component of metrics-based measures when evaluating security efforts?

Staff-hours spent on systems protection Signup and view all the answers

In the context of risk management, what is one of the key considerations when adopting best practices in an organization?

Ensuring alignment with the organization's risk tolerance level Signup and view all the answers

Which aspect does the Technical examination focus on when evaluating IS (Information Systems) alternatives?

Technology necessary to implement and support control alternatives Signup and view all the answers

What does the Political examination in risk management define?

Consensus and relationship constraints Signup and view all the answers

What is the Annualized Loss Expectancy (ALE) defined as?

The expected monetary loss over a one year period due to a risk Signup and view all the answers

What is Single Loss Expectancy (SLE) used for?

To determine the single loss that would occur if a specific item occurred Signup and view all the answers

What does Annualized Rate of Occurrence (ARO) represent?

The number of times per year that an incident is likely to occur Signup and view all the answers

What is Cost Benefit Analysis (CBA) used for?

To evaluate the worth of assets to be protected and the loss in value Signup and view all the answers

What is the focus of Feasibility Studies in the context of risk handling decision points?

Explore all information about economic/noneconomic consequences of vulnerability Signup and view all the answers

In Cost Benefit Analysis (CBA), what does ALE (prior) represent?

Annualized loss expectancy of risk before implementation of control Signup and view all the answers

What is the purpose of a weighted factor analysis worksheet?

To identify and prioritize threats based on their relative importance Signup and view all the answers

What is the key goal of risk assessment?

To assign a risk rating to each information asset Signup and view all the answers

How are vulnerabilities identified in the risk management process?

By examining specific avenues that threat agents can exploit Signup and view all the answers

What does 'likelihood' refer to in the context of risk assessment?

The probability of a successful attack on a vulnerability Signup and view all the answers

Which step follows the completion of a ranked vulnerability risk worksheet?

Creating a list of possible controls for each vulnerability Signup and view all the answers

What is the purpose of the 'Defend' risk control strategy?

To prevent exploitation of vulnerabilities through protective safeguards Signup and view all the answers

In risk management, what does 'Transfer' as a control strategy involve?

Shifting risk to other assets or organizations Signup and view all the answers

What plays a major role in selecting a risk control strategy?

The level of threat and value of the asset at risk Signup and view all the answers

Which document serves as an initial working document for assessing and controlling risks?

Table 4-9 Ranked Vulnerability Risk Worksheet' Signup and view all the answers

What is the primary reason for identifying and prioritizing threats?

To understand which threats present danger to assets and information Signup and view all the answers

What does risk appetite in an organization define?

The level of risk an organization is willing to accept as a trade-off between perfect security and unlimited accessibility Signup and view all the answers

Why is it mentioned that organizations not talking to each other is a significant problem?

Because it hinders the sharing of best practices and benchmarking information Signup and view all the answers

What is the purpose of baselining in information security?

To compare security activities and events against an organization’s future performance Signup and view all the answers

What is the final control choice according to the text when protecting assets from identified threats?

Finding a balance of controls providing the greatest value to as many asset-threat pairs as possible Signup and view all the answers

What is residual risk in the context of information security?

Risk that remains even after applying existing controls Signup and view all the answers

Why might knowing what was happening in the information security industry through benchmarking not prepare organizations for what's next?

Because best practices are constantly evolving and are a moving target Signup and view all the answers