Podcast
Questions and Answers
What is the primary purpose of a risk assessment report?
What is the primary purpose of a risk assessment report?
- Analyzing historical data
- Identifying and evaluating potential risks (correct)
- Identifying cybersecurity threats
- Prioritizing risks based on likelihood
How are risks typically prioritized in risk evaluation?
How are risks typically prioritized in risk evaluation?
- By the number of cyberattacks
- Based on historical data
- By their significance (correct)
- By assessing market conditions
Which of the following is a common cybersecurity threat mentioned in the text?
Which of the following is a common cybersecurity threat mentioned in the text?
- Financial mismanagement
- Supply chain disruptions
- Cyberattacks (correct)
- Employee turnover
What role does senior management play in risk assessment?
What role does senior management play in risk assessment?
How are risks identified in a bottom-up approach?
How are risks identified in a bottom-up approach?
Which risk mitigation strategy involves simple and structured lists of potential risks?
Which risk mitigation strategy involves simple and structured lists of potential risks?
What technique aims to gather ideas and perspectives on potential risks from participants in a group setting?
What technique aims to gather ideas and perspectives on potential risks from participants in a group setting?
Which approach involves one-on-one or group discussions with key stakeholders or subject matter experts to collect insights?
Which approach involves one-on-one or group discussions with key stakeholders or subject matter experts to collect insights?
What is the term used for a framework that assesses both internal and external factors under risk assessment?
What is the term used for a framework that assesses both internal and external factors under risk assessment?
Which term refers to an individual's or organization's readiness to accept, tolerate, or avoid uncertainty?
Which term refers to an individual's or organization's readiness to accept, tolerate, or avoid uncertainty?
What does risk capacity indicate for a bank?
What does risk capacity indicate for a bank?
How often a risk is expected to materialize is indicated by which aspect of risk assessment?
How often a risk is expected to materialize is indicated by which aspect of risk assessment?
What is LOSS PREVENTION primarily focused on?
What is LOSS PREVENTION primarily focused on?
Which response is recommended for high-likelihood/low-impact risks?
Which response is recommended for high-likelihood/low-impact risks?
What does COST CONTAINMENT focus on?
What does COST CONTAINMENT focus on?
What does the RISKINESS INDEX provide for organizations?
What does the RISKINESS INDEX provide for organizations?
In which situation would Terminate be the dominant response?
In which situation would Terminate be the dominant response?
What is the main focus of DAMAGE LIMITATION?
What is the main focus of DAMAGE LIMITATION?
What does a balance sheet represent?
What does a balance sheet represent?
How do employers protect their employees' personal and professional interests?
How do employers protect their employees' personal and professional interests?
What is the purpose of purchasing insurance?
What is the purpose of purchasing insurance?
What does a Disaster Recovery plan focus on?
What does a Disaster Recovery plan focus on?
What do Captive insurance companies do?
What do Captive insurance companies do?
What do Mandatory Legal Obligations refer to?
What do Mandatory Legal Obligations refer to?
