Risk Acceptance Strategies in Cybersecurity
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Questions and Answers

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?

<p>Mitigation Approach (C)</p> Signup and view all the answers

When is the acceptance control approach used?

<p>To evaluate the risk of vulnerabilities and allow them to continue as is (A)</p> Signup and view all the answers

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

<p>By applying layered protections and controls (C)</p> Signup and view all the answers

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

<p>Determining if the alternative is worth the cost incurred to control vulnerability. (C)</p> 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?

<p>Process-based measures (D)</p> Signup and view all the answers

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

<p>Staff-hours spent on systems protection (B)</p> 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?

<p>Ensuring alignment with the organization's risk tolerance level (B)</p> Signup and view all the answers

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

<p>Technology necessary to implement and support control alternatives (C)</p> Signup and view all the answers

What does the Political examination in risk management define?

<p>Consensus and relationship constraints (C)</p> Signup and view all the answers

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

<p>The expected monetary loss over a one year period due to a risk (B)</p> Signup and view all the answers

What is Single Loss Expectancy (SLE) used for?

<p>To determine the single loss that would occur if a specific item occurred (C)</p> Signup and view all the answers

What does Annualized Rate of Occurrence (ARO) represent?

<p>The number of times per year that an incident is likely to occur (A)</p> Signup and view all the answers

What is Cost Benefit Analysis (CBA) used for?

<p>To evaluate the worth of assets to be protected and the loss in value (A)</p> Signup and view all the answers

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

<p>Explore all information about economic/noneconomic consequences of vulnerability (D)</p> Signup and view all the answers

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

<p>Annualized loss expectancy of risk before implementation of control (A)</p> Signup and view all the answers

What is the purpose of a weighted factor analysis worksheet?

<p>To identify and prioritize threats based on their relative importance (A)</p> Signup and view all the answers

What is the key goal of risk assessment?

<p>To assign a risk rating to each information asset (C)</p> Signup and view all the answers

How are vulnerabilities identified in the risk management process?

<p>By examining specific avenues that threat agents can exploit (D)</p> Signup and view all the answers

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

<p>The probability of a successful attack on a vulnerability (C)</p> Signup and view all the answers

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

<p>Creating a list of possible controls for each vulnerability (D)</p> Signup and view all the answers

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

<p>To prevent exploitation of vulnerabilities through protective safeguards (C)</p> Signup and view all the answers

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

<p>Shifting risk to other assets or organizations (C)</p> Signup and view all the answers

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

<p>The level of threat and value of the asset at risk (D)</p> Signup and view all the answers

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

<p>Table 4-9 Ranked Vulnerability Risk Worksheet' (D)</p> Signup and view all the answers

What is the primary reason for identifying and prioritizing threats?

<p>To understand which threats present danger to assets and information (A)</p> Signup and view all the answers

What does risk appetite in an organization define?

<p>The level of risk an organization is willing to accept as a trade-off between perfect security and unlimited accessibility (A)</p> Signup and view all the answers

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

<p>Because it hinders the sharing of best practices and benchmarking information (B)</p> Signup and view all the answers

What is the purpose of baselining in information security?

<p>To compare security activities and events against an organization’s future performance (A)</p> Signup and view all the answers

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

<p>Finding a balance of controls providing the greatest value to as many asset-threat pairs as possible (C)</p> Signup and view all the answers

What is residual risk in the context of information security?

<p>Risk that remains even after applying existing controls (B)</p> 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?

<p>Because best practices are constantly evolving and are a moving target (D)</p> Signup and view all the answers
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