Risk Assessment and Management Quiz
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Questions and Answers

What is the objective of risk assessment?

  • To implement security controls without considering budget
  • To estimate the potential cost of security breaches only
  • To determine an appropriate budget for security (correct)
  • To estimate the likelihood of natural disasters

    • What is considered as an asset in the context of risk assessment?

  • Only financial assets such as cash and investments
  • Only physical assets such as buildings and equipment
  • Any valuable item not related to information processing
  • Any data, device, or other components of the environment that supports information-related activities (correct)

    • What is a threat in the context of risk assessment?

  • Only natural disasters such as earthquakes and floods
  • Any potential risk to the organization's reputation
  • Any circumstance or event with the potential to adversely impact (correct)
  • Only intentional human actions aimed at causing harm

    • What does the risk assessment provide an estimate of?

    <p>The potential cost to the organization of security breaches and the likelihood of such breaches</p> Signup and view all the answers

    What does Figure 1 illustrate?

    <p>The universally accepted method for determining information security risk</p> Signup and view all the answers

    What is the objective of risk assessment?

    <p>To determine an appropriate budget for security and implement security controls</p> Signup and view all the answers

    In the context of risk assessment, what is considered as an asset?

    <p>Any data, device, or other components of the environment that supports information-related activities</p> Signup and view all the answers

    What does the risk assessment aim to provide an estimate of?

    <p>The potential cost to the organization of security breaches and the likelihood of such breaches</p> Signup and view all the answers

    What is a threat in the context of risk assessment?

    <p>Any circumstance or event with the potential to adversely impact the organization</p> Signup and view all the answers

    What does Figure 1 illustrate in the context of risk assessment?

    <p>The universally accepted method for determining information security risk</p> Signup and view all the answers

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