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The CRISC Certification is designed to assess a candidate's ability to identify, evaluate, and manage information system risks in an organization. Certified in Risk and Information Systems Control certification exam covers four domains: Risk Identification, Assessment and Evaluation, Risk Response and Mitigation, Risk and Control Monitoring and Reporting. These domains cover a range of topics, including risk management frameworks, risk assessment methodologies, risk analysis and evaluation, and risk mitigation strategies.
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ISACA Certified in Risk and Information Systems Control Sample Questions (Q456-Q461):
NEW QUESTION # 456
Which of the following is the GREATEST benefit of using IT risk scenarios?
- A. They facilitate communication of risk.
- B. They enable the use of key risk indicators (KRls)
- C. They provide evidence of risk assessment.
- D. They support compliance with regulations.
Answer: A
NEW QUESTION # 457
From a business perspective, which of the following is the MOST important objective of a disaster recovery test?
- A. Errors are discovered in the disaster recovery process.
- B. All critical data is recovered within recovery time objectives (RTOs).
- C. All business-critical systems are successfully tested.
- D. The organization gains assurance it can recover from a disaster
Answer: B
Explanation:
A disaster recovery test is a simulation of a disaster scenario that evaluates the effectiveness and readiness of the disaster recovery plan. The main purpose of a disaster recovery test is to ensure that the organization can resume its normal operations as quickly as possible after a disaster, with minimal or no data loss. Therefore, the most important objective of a disaster recovery test from a business perspective is to verify that all critical data can be recovered within the RTOs, which are the maximum acceptable time frames for restoring the data and systems after a disaster. If the RTOs are not met, the organization may face significant financial, operational, and reputational losses. The other options are not the most important objectives of a disaster recovery test, although they may be beneficial outcomes. Gaining assurance that the organization can recover from a disaster is a subjective and qualitative goal, while recovering data within RTOs is a measurable and quantitative goal. Discovering errors in the disaster recovery process is a valuable result of a disaster recovery test, but it is not the primary objective. The objective is to correct the errors and improve the process, not just to find them. Testing all business critical systems is a necessary step in a disaster recovery test, but it is not the ultimate goal. The goal is to ensure that the systems can be restored and function properly within the RTOs. References = CRISC Review Manual, pages 197-1981; CRISC Review Questions, Answers & Explanations Manual, page 572
NEW QUESTION # 458
An organization has asked an IT risk practitioner to conduct an operational risk assessment on an initiative to outsource the organization's customer service operations overseas. Which of the following would MOST significantly impact management's decision?
- A. Cross-border information transfer restrictions in the outsourcing country
- B. Time zone difference of the outsourcing location
- C. Historical network latency between the organization and outsourcing location
- D. Ongoing financial viability of the outsourcing company
Answer: A
Explanation:
The most significant factor that would impact management's decision when conducting an operational risk assessment on an initiative to outsource the organization's customer service operations overseas is the cross-border information transfer restrictions in the outsourcing country. Cross-border information transfer restrictions are the laws, regulations, standards, or contracts that govern the collection, processing, storage, or transmission of information across national or regional boundaries. Cross-border information transfer restrictions may affect the organization's outsourcing initiative, because they may impose limitations, obligations, or penalties on the organization or the outsourcing company, such as requiring consent, notification, or authorization, or prohibiting or restricting certain types or categories of information.
Cross-border information transfer restrictions may also create challenges or risks for the organization's outsourcing initiative, such as compliance, legal, reputational, or operational risks, or conflicts or inconsistencies with the organization's own policies, regulations, standards, or contracts. The other options are not as significant as the cross-border information transfer restrictions, although they may also pose some difficulties or limitations for the organization's outsourcing initiative. Time zone difference of the outsourcing location, ongoing financial viability of the outsourcing company, and historical network latency between the organization and outsourcing location are all factors that could affect the efficiency and effectiveness of the outsourcing initiative, but they do not directly affect the legality or security of the outsourcing initiative.
References = 3
NEW QUESTION # 459
Which of the following is the BEST way to determine whether new controls mitigate security gaps in a business system?
- A. Perform a vulnerability assessment.
- B. Conduct a compliance check against standards.
- C. Measure the change in inherent risk.
- D. Complete an offsite business continuity exercise.
Answer: A
Explanation:
A business system is a set of interconnected processes, functions, or activities that support the operations and objectives of a business1. A security gap is a weakness or flaw in a business system that can be exploited by a threat to cause harm or gain unauthorized access2. A control is a measure or mechanism that reduces the likelihood or impact of a security gap or threat3.
The best way to determine whether new controls mitigate security gaps in a business system is to perform a vulnerability assessment. A vulnerability assessment is a process of identifying and evaluating the security gaps and threats in a business system, and testing the effectiveness and efficiency of the controls that are implemented to address them. A vulnerability assessment can help to:
Measure and compare the current and desired state of the security posture and performance of the business system Detect and prioritize the most critical and urgent security gaps and threats that may compromise the business system or its objectives Validate and validate the adequacy and reliability of the new controls and their ability to prevent, detect, or respond to security incidents or breaches Provide feedback and recommendations for improving the security of the business system and enhancing the security awareness and culture of the organization References = What is a Business System?, What is a Security Gap?, What is a Control?, [What is a Vulnerability Assessment?], [Vulnerability Assessment: A Guide for Business Leaders]
NEW QUESTION # 460
Jenny is the project manager for the NBT projects. She is working with the project team and several subject matter experts to perform the quantitative risk analysis process. During this process she and the project team uncover several risks events that were not previously identified. What should Jenny do with these risk events?
- A. The events should continue on with quantitative risk analysis.
- B. The events should be entered into the risk register.
- C. The events should be determined if they need to be accepted or responded to.
- D. The events should be entered into qualitative risk analysis.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
All identified risk events should be entered into the risk register.
A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
A description of the risk
The impact should this event actually occur
The probability of its occurrence
Risk Score (the multiplication of Probability and Impact)
A summary of the planned response should the event occur
A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the
event)
Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.
Incorrect Answers:
A: Before the risk events are analyzed they should be documented in the risk register.
B: The risks should first be documented and analyzed.
D: These risks should first be identified, documented, passed through qualitative risk analysis and then it should be determined if they should pass through the quantitative risk analysis process.
NEW QUESTION # 461
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