IT-Risk-Fundamentals study guide & IT-Risk-Fundamentals torrent vce & IT-Risk-Fundamentals valid dumps
IT-Risk-Fundamentals study guide & IT-Risk-Fundamentals torrent vce & IT-Risk-Fundamentals valid dumps
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ISACA IT-Risk-Fundamentals Exam Syllabus Topics:
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ISACA IT Risk Fundamentals Certificate Exam Sample Questions (Q43-Q48):
NEW QUESTION # 43
Which of the following risk response strategies involves the implementation of new controls?
- A. Avoidance
- B. Mitigation
- C. Acceptance
Answer: B
Explanation:
Definition and Context:
* Mitigationinvolves taking steps to reduce the severity, seriousness, or painfulness of something, often by implementing new controls or safeguards. This can include processes, procedures, or physical measures designed to reduce risk.
* Avoidancemeans completely avoiding the risk by not engaging in the activity that generates the risk.
* Acceptancemeans acknowledging the risk and choosing not to act, either because the risk is deemed acceptable or because there is no feasible way to mitigate or avoid it.
Application to IT Risk Management:
* In IT risk management,Mitigationoften involves implementing new controls such as security patches, firewalls, encryption, user authentication protocols, and regular audits to reduce risk levels.
* This aligns with the principles outlined in various IT control frameworks and standards, such as ISA 315 which emphasizes the importance of controls in managing IT-related risks.
Conclusion:
* Therefore, when considering risk response strategies involving the implementation of new controls, Mitigationis the correct answer as it specifically addresses the action of implementing measures to reduce risk.
NEW QUESTION # 44
One of the PRIMARY purposes of threat intelligence is to understand:
- A. zero-day threats.
- B. asset vulnerabilities.
- C. breach likelihood.
Answer: C
Explanation:
One of the PRIMARY purposes of threat intelligence is to understand breach likelihood. Threat intelligence involves gathering, analyzing, and interpreting data about potential or existing threats to an organization. This intelligence helps in predicting, preparing for, and mitigating potential cyber attacks. The key purposes include:
* Understanding Zero-Day Threats: While this is important, it is a subset of the broader goal. Zero-day threats are specific, unknown vulnerabilities that can be exploited, but threat intelligence covers a wider range of threats.
* Breach Likelihood: The primary goal is to assess the probability of a security breach occurring. By understanding the threat landscape, organizations can evaluate the likelihood of various threats materializing and prioritize their defenses accordingly. This assessment includes analyzing threat actors, their methods, motivations, and potential targets to predict the likelihood of a breach.
* Asset Vulnerabilities: Identifying vulnerabilities in assets is a part of threat intelligence, but it is not the primary purpose. The primary purpose is to understand the threat landscape and how likely it is that those vulnerabilities will be exploited.
Therefore, the primary purpose of threat intelligence is to understand the likelihood of a breach, enabling organizations to strengthen their security posture against potential attacks.
NEW QUESTION # 45
What is the basis for determining the sensitivity of an IT asset?
- A. Importance of the asset to the business
- B. Cost to replace the asset if lost, damaged, or deemed obsolete
- C. Potential damage to the business due to unauthorized disclosure
Answer: C
Explanation:
The sensitivity of an IT asset is determined primarily by the potential damage to the business due to unauthorized disclosure. This assessment considers the confidentiality, integrity, and availability of the asset and the impact its compromise could have on the organization. Sensitive assets often contain critical information or support vital business processes, making their protection paramount. By focusing on the potential damage from unauthorized disclosure, organizations can prioritize their security efforts on assets that would cause significant harm if compromised. This approach is consistent with risk assessment methodologies found in standards such as ISO 27001 and NIST SP 800-53.
NEW QUESTION # 46
Which of the following is MOST important for the determination of I&T-related risk?
- A. The impact on competitors in the same industry
- B. The impact on the business services that the IT system supports
- C. The likelihood of occurrence for most relevant risk scenarios
Answer: B
Explanation:
When determining IT-related risk, understanding the impact on business services supported by IT systems is crucial. Here's why:
* IT and Business Services Integration:IT systems are integral to most business services, providing the backbone for operations, communication, and data management. Any risk to IT systems directly translates to risks to the business services they support.
* Assessment of Business Impact:Evaluating the impact on business services involves understanding how IT failures or vulnerabilities could disrupt key operations, affect customer satisfaction, or result in financial losses. This assessment helps in prioritizing risk mitigation efforts towards the most critical business functions.
* Framework and Standards:Standards like ISO 27001 emphasize the importance of assessing the impact of IT-related risks on business operations. This helps in developing a comprehensive risk management strategy that aligns IT security measures with business objectives.
* Practical Application:For instance, if an IT system supporting customer transactions is at risk, the potential business impact includes loss of revenue, reputational damage, and legal repercussions.
Addressing such risks requires prioritizing security and reliability measures for the affected IT systems.
* References:The importance of assessing the impact on business services is underscored in guidelines like ISA 315, which emphasize understanding the entity's environment and its risk assessment process.
NEW QUESTION # 47
Which of the following is the MOST likely reason to perform a qualitative risk analysis?
- A. To aggregate risk in a meaningful way for a comprehensive view of enterprise risk
- B. To gain a low-cost understanding of business unit dependencies and interactions
- C. To map the value of benefits that can be directly compared to the cost of a risk response
Answer: B
Explanation:
A qualitative risk analysis is most likely performed to gain a low-cost understanding of business unit dependencies and interactions. Here's the explanation:
* To Gain a Low-Cost Understanding of Business Unit Dependencies and Interactions: Qualitative risk analysis focuses on assessing risks based on their characteristics and impacts through subjective measures such as interviews, surveys, and expert judgment. It is less resource-intensive compared to quantitative analysis and provides a broad understanding of dependencies and interactions within the business units.
* To Aggregate Risk in a Meaningful Way for a Comprehensive View of Enterprise Risk: While qualitative analysis can contribute to this, the primary goal is not aggregation but rather understanding individual risks and their impacts.
* To Map the Value of Benefits That Can Be Directly Compared to the Cost of a Risk Response: This is typically the goal of quantitative risk analysis, which involves numerical estimates of risks and their impacts to compare costs and benefits directly.
Therefore, the primary reason for performing a qualitative risk analysis is to gain a low-cost understanding of business unit dependencies and interactions.
NEW QUESTION # 48
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