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Understanding Risk Responses and Documentation Importance

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VeritableAlgebra
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23 Questions

Which of the following is NOT a cloud resource that requires management?

Hardware

Which of the following policies is considered the most critical for risk management?

Security policies

What is the first step in an incident response workflow?

Detection and identification

Which of the following is NOT a basic right in an Access Control List (ACL)?

Modify

How can the basic rights of an ACL be applied?

To both technical and non-technical assets

What is the purpose of mitigation in risk management?

To reduce risk through action(s) of expenditure of resources

In the context of risk responses, what does acceptance imply?

Choosing not to reduce the risk

What characterizes vendor lock-in in relation to cloud services?

CSPs hold data hostage when a user wants to switch providers

What is the primary difference between policies and procedures in an organization?

Policies guide the organization's goals, while procedures outline specific steps

Why are standard operating procedures (SOPs) considered important?

To shorten the time involved in basic troubleshooting for quick issue resolution

What does change management involve in consuming cloud resources?

Managing change to enhance organizational value while considering risks

What is the main benefit of cloud computing in terms of technology services?

Eliminating the need for physical data centers and servers

Which decade saw the introduction of microprocessors and the proliferation of personal computers that reduced the need for mainframe computers?

1970s

What technology products marked the beginning of modern cloud computing?

ARPANET

Which company introduced cloud-based storage and computing services in the mid-2000s, contributing to the rapid growth of public cloud services?

Amazon

What concept was introduced in the 1950s and 1960s to maximize processing power and minimize downtime in computing resources?

Shared computing resources

Which type of service provided by Microsoft in 2011 marked their entry into cloud computing?

Office 365

What is the main advantage of cloud computing over traditional on-premises solutions?

Cost savings

Which of the following cloud service models focuses on providing a platform for developing software delivered via the internet?

Platform-as-a-Service (PaaS)

What is one of the main challenges associated with cloud computing?

Outages and disruptions

Which of the following technologies has contributed to the evolution of cloud computing over the past decade?

Serverless computing

What is one of the key benefits of cloud computing that promotes remote work and omnichannel customer engagement?

Accessibility

Which of the following cloud service models allows users to access software applications through a pay-as-you-go model?

Software-as-a-Service (SaaS)

Test your knowledge on the four risk responses - Mitigation, Acceptance, Avoidance, and Transfer. Explore the importance of documentation in compliance with laws and regulations, with examples like Findings and risk registers. Dive into the impact of vendor relationships on risk management.

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