30 Questions
What is the purpose of an Incident Response Plan (IRP) according to the text?
To define actions to take while an incident is in progress
Which plan encompasses the continuation of business activities if a catastrophic event occurs?
Business Continuity Plan (BCP)
What is the primary goal when applying layered protections, architectural designs, and administrative controls?
To minimize the risk of vulnerability exploitation
In which scenario would an organization apply protections to increase the attacker's cost?
When attacker's cost is less than potential gain
What is the essence of the Acceptance Control Approach mentioned in the text?
To evaluate and allow a risky state to continue as is
When should an organization apply layered protections and controls?
When a vulnerability can be exploited
What is the purpose of terminating a business activity according to the text?
To limit the extent of an attack
What is the Annualized Loss Expectancy (ALE) used for?
To calculate expected monetary loss due to risk over a year
What is the starting point to determine the single loss that would occur from a specific item according to the text?
Single Loss Expectancy (SLE)
What does Cost Benefit Analysis (CBA) evaluate before deciding on a strategy?
Assets to be protected and their value
What is the purpose of Feasibility Studies mentioned in the text?
To determine economic consequences of vulnerability
What is the number of times per year that an incident is likely to occur according to the text?
Annualized Rate of Occurrence (ARO)
What is the formula for Annualized Loss Expectancy (ALE) according to the text?
ALE = single loss expectancy (SLE) × annualized rate of occurrence (ARO)
What is the purpose of the Annualized Cost of the Safeguard (ACS) according to the text?
To evaluate the effectiveness of controls
In the context of risk controls, what is ACS an abbreviation for?
Annualized Cost of Security
What is the purpose of Benchmarking as described in the text?
To duplicate practices from other organizations
What is one of the measures typically used in Benchmarking to compare practices?
Metrics-based measures
What should be done after selecting and implementing a control strategy, according to the text?
Continue monitoring and reevaluating controls on an ongoing basis
What is the main purpose of the Cost Benefit Analysis (CBA) formula?
To determine if the alternative being evaluated is worth the cost incurred to control vulnerability.
What type of measures are generally less number-focused and more strategic than metrics-based measures?
Process-based measures
Which of the following is NOT a metrics-based measure for security efforts?
Best business practices
What aspect does the Technical dimension of risk management primarily focus on?
Technology implementation and support
When considering best practices for adoption in an organization, what factor should be assessed regarding resources?
Similarity to identified targets with best practices
What does the Political dimension of risk management define?
Consensus and relationships governing risk decisions
What defines the quantity and nature of risk that organizations are willing to accept?
Risk appetite
Which term refers to the risk that has not been completely removed, shifted, or planned for?
Residual risk
What is one of the key issues mentioned regarding the application of benchmarking and best practices?
No two organizations are similar
What is the process of formally examining and documenting risks in information systems called?
Risk identification
What is the main purpose of baselining in information security?
To compare security activities against past performance
What are the five strategies used to control risks that result from vulnerabilities?
Defend, Transfer, Mitigate, Accept, Terminate
Test your knowledge on calculating the probability of a risk occurrence in a specific year and valuing assets in terms of potential loss. Questions cover concepts such as annualized loss expectancy (ALE), single loss expectancy (SLE), and annualized rate of occurrence (ARO).
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