34 Questions
What is the main purpose of an Incident Response Plan (IRP)?
To define the actions to take while an incident is in progress
Which plan is the most common mitigation procedure according to the text?
Disaster Recovery Plan (DRP)
What is the primary focus of a Business Continuity Plan (BCP)?
Ensuring continuation of business activities after a catastrophic event
What approach involves applying layered protections, architectural designs, and administrative controls to minimize risk?
Mitigation Approach
When is the acceptance control approach used?
To evaluate the risk of vulnerabilities and allow them to continue as is
How can organizations increase an attacker's cost according to the text?
By applying layered protections and controls
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.
Which type of measures are generally more strategic and less number-focused than metrics-based measures in evaluating security efforts?
Process-based measures
What is a key component of metrics-based measures when evaluating security efforts?
Staff-hours spent on systems protection
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
Which aspect does the Technical examination focus on when evaluating IS (Information Systems) alternatives?
Technology necessary to implement and support control alternatives
What does the Political examination in risk management define?
Consensus and relationship constraints
What is the Annualized Loss Expectancy (ALE) defined as?
The expected monetary loss over a one year period due to a risk
What is Single Loss Expectancy (SLE) used for?
To determine the single loss that would occur if a specific item occurred
What does Annualized Rate of Occurrence (ARO) represent?
The number of times per year that an incident is likely to occur
What is Cost Benefit Analysis (CBA) used for?
To evaluate the worth of assets to be protected and the loss in value
What is the focus of Feasibility Studies in the context of risk handling decision points?
Explore all information about economic/noneconomic consequences of vulnerability
In Cost Benefit Analysis (CBA), what does ALE (prior) represent?
Annualized loss expectancy of risk before implementation of control
What is the purpose of a weighted factor analysis worksheet?
To identify and prioritize threats based on their relative importance
What is the key goal of risk assessment?
To assign a risk rating to each information asset
How are vulnerabilities identified in the risk management process?
By examining specific avenues that threat agents can exploit
What does 'likelihood' refer to in the context of risk assessment?
The probability of a successful attack on a vulnerability
Which step follows the completion of a ranked vulnerability risk worksheet?
Creating a list of possible controls for each vulnerability
What is the purpose of the 'Defend' risk control strategy?
To prevent exploitation of vulnerabilities through protective safeguards
In risk management, what does 'Transfer' as a control strategy involve?
Shifting risk to other assets or organizations
What plays a major role in selecting a risk control strategy?
The level of threat and value of the asset at risk
Which document serves as an initial working document for assessing and controlling risks?
Table 4-9 Ranked Vulnerability Risk Worksheet'
What is the primary reason for identifying and prioritizing threats?
To understand which threats present danger to assets and information
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
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
What is the purpose of baselining in information security?
To compare security activities and events against an organization’s future performance
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
What is residual risk in the context of information security?
Risk that remains even after applying existing controls
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
Test your knowledge on the acceptance strategy in cybersecurity, where organizations determine the level of risk, assess the probability of attacks, estimate potential damage, and conduct cost-benefit analysis. Explore the principles and protections to limit potential loss in case of substantial risks.
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