18 Questions
When is acceptance a valid strategy for an organization?
When the organization has evaluated the potential damage or loss from a successful attack
What is a disadvantage of the transferal strategy?
It involves dependence on external entities
What is a key characteristic of a mitigation strategy?
It is effective when all else fails
What is the main reason for an organization to choose termination?
The cost of protecting the asset is too high
What is the primary goal of a defense strategy?
To protect the information asset entirely
What is the term for the quantity and nature of risk that an organization is willing to accept?
Risk tolerance
What is the primary objective of the Defense risk control strategy?
To prevent the exploitation of vulnerabilities
What is the term used to describe the removal of an information asset from an organization's operating environment?
Termination
What is the risk control strategy that involves understanding the consequences of leaving a risk uncontrolled?
Acceptance
Which of the following is NOT a method of risk defense?
Shifting risk to another entity
What is the primary goal of the Mitigation risk control strategy?
To reduce the impact of a successful attack
What is the primary objective of outsourcing in the context of risk management?
To acquire expertise in security management and administration
What is the term used to describe the process of reducing the risk by limiting access to assets?
Defense
What is the primary purpose of a Service Level Agreement (SLA) in risk management?
To guarantee a certain level of security implementation
Which of the following is a characteristic of the mitigation strategy in risk management?
It involves planning and preparation to reduce the damage caused by an incident
What is the consequence of an organization's decision to accept the risk of an information asset?
The organization will be unable to do proactive security activities
Which of the following is an example of a transference strategy in risk management?
Purchasing insurance to cover the risk
What is the key to an effective transference risk control strategy?
Establishing an effective Service Level Agreement (SLA)
Test your understanding of risk management strategies, including acceptance, and the necessary steps to determine the level of risk posed to an information asset. Learn about the importance of risk assessment, probability evaluation, and financial analysis in making informed decisions.
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