Free ISACA CRISC Übungsprüfungen - Seite 64 von 65

Question #631

Which of the following is MOST important to ensure risk management practices are effective at all levels within the organization?

A . Communicating risk awareness materials regularly
B . Establishing key risk indicators (KRIs) to monitor risk management processes
C . Ensuring that business activities minimize inherent risk
D . Embedding risk management in business activities

Lösung einblenden Lösung ausblenden

Question #632

A risk practitioners PRIMARY focus when validating a risk response action plan should be that risk response:

A . reduces risk to an acceptable level
B . quantifies risk impact
C . aligns with business strategy
D . advances business objectives.

Lösung einblenden Lösung ausblenden

Richtige Antwort: A
A

Explanation:

The primary focus of a risk practitioner when validating a risk response action plan should be that the risk response reduces risk to an acceptable level. A risk response action plan is a document that describes the actions or measures that are taken or planned to modify the risk, such as reducing, avoiding, transferring, or accepting the risk1. Validating a risk response action plan means verifying whether the plan is feasible, effective, and efficient in addressing the risk2. The main objective of validating a risk response action plan is to ensure that the risk response reduces risk to an acceptable level, which is the level of risk that the organization is willing to tolerate or bear, based on its risk appetite and risk criteria3. Reducing risk to an acceptable level means that the risk response actions can lower the likelihood or impact of the risk to a point where the risk does not pose a significant threat or challenge to the organization’s objectives, operations, or performance. Reducing risk to an acceptable level also means that the risk response actions can balance the benefits and costs of the risk response, and that they can provide a reasonable assurance of the risk management effectiveness and efficiency4. The other options are not the primary focus of a risk practitioner when validating a risk response action plan, as they are either less relevant or less specific than reducing risk to an acceptable level. Quantifying risk impact is a component or element of validating a risk response action plan, not a focus of it. Quantifying risk impact means measuring or estimating the potential effects or consequences of the risk on the organization5. Quantifying risk impact can help to evaluate the severity and priority of the risk, as well as to compare the risk against the risk criteria and the risk appetite. However, quantifying risk impact is not the primary focus of a risk practitioner when validating a risk response action plan, as it does not address the feasibility, effectiveness, or efficiency of the risk response actions, or the level of risk reduction that they can achieve. Aligning with business strategy is a secondary or incidental benefit of validating a risk response action plan, not a primary or essential focus of it. Aligning with business strategy means ensuring that the risk

response actions are consistent and coherent with the organization’s goals and values6. Aligning with business strategy can help to integrate the risk response actions with the organization’s culture and governance, as well as to support and enable the achievement of the organization’s mission and vision. However, aligning with business strategy is not the main focus of a risk practitioner when validating a risk response action plan, as it does not indicate the feasibility, effectiveness, or efficiency of the risk response actions, or the level of risk reduction that they can achieve. Advancing business objectives is a tertiary or indirect outcome of validating a risk response action plan, not a primary or direct focus of it. Advancing business objectives means contributing to the improvement and enhancement of the organization’s performance and results7. Advancing business objectives can help to create value and deliver benefits for the organization and its stakeholders, as well as to optimize the use of the organization’s resources and capabilities. However, advancing business objectives is not the main focus of a risk practitioner when validating a risk response action plan, as it does not address the feasibility, effectiveness, or efficiency of the risk response actions, or the level of risk reduction that they can achieve.

Reference: = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 2, Section 2.1.8, Page 61.

Question #633

The PRIMARY reason for a risk practitioner to review business processes is to:

A . Benchmark against peer organizations.
B . Identify appropriate controls within business processes.
C . Assess compliance with global standards.
D . Identify risk owners related to business processes.

Lösung einblenden Lösung ausblenden

Question #634

Which of the following should be considered FIRST when creating a comprehensive IT risk register?

A . Risk management budget
B . Risk mitigation policies
C . Risk appetite
D . Risk analysis techniques

Lösung einblenden Lösung ausblenden

Question #635

Numerous media reports indicate a recently discovered technical vulnerability is being actively exploited.

Which of the following would be the BEST response to this scenario?

A . Assess the vulnerability management process.
B . Conduct a control serf-assessment.
C . Conduct a vulnerability assessment.
D . Reassess the inherent risk of the target.

Lösung einblenden Lösung ausblenden

Richtige Antwort: C
C

Explanation:

A technical vulnerability is a weakness or flaw in the design or implementation of an information system or resource that can be exploited or compromised by a threat or source of harm that may affect the organization’s objectives or operations. A technical vulnerability may be caused by various factors, such as human error, system failure, process inefficiency, resource limitation, etc.

A vulnerability assessment is a process of identifying and evaluating the technical vulnerabilities that exist or may arise in the organization’s information systems or resources, and determining their severity and impact. A vulnerability assessment can help the organization to assess and prioritize the risks, and to design and implement appropriate controls or countermeasures to mitigate or prevent the risks.

The best response to the scenario of a recently discovered technical vulnerability being actively exploited is to conduct a vulnerability assessment, because it can help the organization to address the following questions:

What is the nature and extent of the technical vulnerability, and how does it affect the functionality or security of the information system or resource?

How is the technical vulnerability being exploited or compromised, and by whom or what?

What are the potential consequences or impacts of the exploitation or compromise of the technical vulnerability for the organization and its stakeholders?

How can the technical vulnerability be detected and reported, and what are the available or feasible options or solutions to address or correct it?

Conducting a vulnerability assessment can help the organization to improve and optimize the information system or resource quality and performance, and to reduce or eliminate the technical vulnerability. It can also help the organization to align the information system or resource with the organization’s objectives and requirements, and to comply with the organization’s policies and standards.

The other options are not the best responses to the scenario of a recently discovered technical vulnerability being actively exploited, because they do not address the main purpose and benefit of conducting a vulnerability assessment, which is to identify and evaluate the technical vulnerability, and to determine its severity and impact.

Assessing the vulnerability management process is a process of evaluating and verifying the adequacy and effectiveness of the process that is used to identify, analyze, evaluate, and communicate the technical vulnerabilities, and to align them with the organization’s objectives and requirements. Assessing the vulnerability management process can help the organization to improve and optimize the process, and to reduce or eliminate the gaps or weaknesses in the process, but it is not the best response to the scenario, because it does not indicate the nature and extent of the technical vulnerability, and how it affects the organization and its stakeholders.

Conducting a control self-assessment is a process of evaluating and verifying the adequacy and effectiveness of the controls that are intended to ensure the confidentiality, integrity, availability, and reliability of the information systems and resources, using the input and feedback from the individuals or groups that are involved or responsible for the information systems activities or functions. Conducting a control self-assessment can help the organization to identify and document the control deficiencies, and to align them with the organization’s objectives and requirements, but it is not the best response to the scenario, because it does not indicate the nature and extent of the technical vulnerability, and how it affects the organization and its stakeholders.

Reassessing the inherent risk of the target is a process of reevaluating and recalculating the amount and type of risk that exists in the absence of any controls, and that is inherent to the nature or characteristics of the target, which is the information system or resource that is affected by the technical vulnerability. Reassessing the inherent risk of the target can help the organization to understand and document the risk exposure or level, and to align it with the organization’s risk appetite and tolerance, but it is not the best response to the scenario, because it does not indicate the nature and extent of the technical vulnerability, and how it affects the organization and its stakeholders.

Reference: = ISACA, CRISC Review Manual, 7th Edition, 2022, pp. 40-41, 47-48, 54-55, 58-59, 62-63 ISACA, CRISC Review Questions, Answers & Explanations Database, 2022, QID 195 CRISC Practice Quiz and Exam Prep

Question #636

When creating a program to manage data privacy risk, which of the following is MOST important to ensure that the program is successful?

A . Adoption of mission and vision statements
B . Alignment with applicable legal and regulatory requirements
C . Compliance with industry frameworks
D . Approval of mitigating and compensating controls

Lösung einblenden Lösung ausblenden

Question #637

Which of the following risk management practices BEST facilitates the incorporation of IT risk scenarios into the enterprise-wide risk register?

A . Key risk indicators (KRls) are developed for key IT risk scenarios
B . IT risk scenarios are assessed by the enterprise risk management team
C . Risk appetites for IT risk scenarios are approved by key business stakeholders.
D . IT risk scenarios are developed in the context of organizational objectives.

Lösung einblenden Lösung ausblenden

Richtige Antwort: D
D

Explanation:

IT risk scenarios are hypothetical situations that describe how IT-related events or incidents could adversely affect an organization’s objectives, assets, or operations. IT risk scenarios can help to identify, analyze, and prioritize IT risks, and to develop appropriate responses and controls1.

An enterprise-wide risk register is a document that records and tracks the significant risks that an organization faces across its various functions, processes, and activities. An enterprise-wide risk register can help to provide a comprehensive and consistent view of the organization’s risk profile, and to support the decision making and reporting of the risk management function2.

The best practice that facilitates the incorporation of IT risk scenarios into the enterprise-wide risk register is to develop IT risk scenarios in the context of organizational objectives. This means that IT risk scenarios should be aligned with and derived from the organization’s strategic goals, mission, vision, and values. IT risk scenarios should also consider the interdependencies and interactions between IT and other business domains, and the potential impact of IT risks on the organization’s performance and reputation3.

By developing IT risk scenarios in the context of organizational objectives, the organization can ensure that the IT risk scenarios are relevant, realistic, and meaningful for the enterprise-wide risk management. The organization can also ensure that the IT risk scenarios are consistent and comparable with other types of risk scenarios, such as financial, operational, or reputational risk scenarios. This can facilitate the integration and consolidation of IT risk scenarios into the enterprise-wide risk register, and enable a holistic and balanced assessment and reporting of the organization’s risks4.

The other options are not as effective as developing IT risk scenarios in the context of organizational objectives for incorporating IT risk scenarios into the enterprise-wide risk register. Developing key risk indicators (KRIs) for key IT risk scenarios can help to monitor and measure the IT risk exposure and performance, but it does not ensure that the IT risk scenarios are aligned with the organizational objectives or integrated with other risk scenarios. Assessing IT risk scenarios by the enterprise risk management team can help to validate and prioritize the IT risk scenarios, but it does not ensure that the IT risk scenarios are derived from the organizational objectives or consistent with other risk scenarios. Approving risk appetites for IT risk scenarios by key business stakeholders can help to establish the acceptable level of IT risk taking and tolerance, but it does not ensure that the IT risk scenarios are based on the organizational objectives or comparable with other risk scenarios.

Reference: =

IT Risk Scenario Development – ISACA

Risk Register – ISACA

Identifying Risks and Scenarios Threatening the Organization as an Enterprise – A New Enterprise Risk Identification Framework

Risk Register 2021-2022 – UNECE

[CRISC Review Manual, 7th Edition]

Question #638

Which of the following BEST contributes to the implementation of an effective risk response action plan?

A . An IT tactical plan
B . Disaster recovery and continuity testing
C . Assigned roles and responsibilities
D . A business impact analysis

Lösung einblenden Lösung ausblenden

Question #639

An organization is developing a risk universe to create a holistic view of its overall risk profile.

Which of the following is the GREATEST barrier to achieving the initiative’s objectives?

A . Lack of cross-functional risk assessment workshops within the organization
B . Lack of common understanding of the organization’s risk culture
C . Lack of quantitative methods to aggregate the total risk exposure
D . Lack of an integrated risk management system to aggregate risk scenarios

Lösung einblenden Lösung ausblenden

Question #640

While reviewing the risk register, a risk practitioner notices that different business units have significant variances in inherent risk for the same risk scenario.

Which of the following is the BEST course of action?

A . Update the risk register with the average of residual risk for both business units.
B . Review the assumptions of both risk scenarios to determine whether the variance is reasonable.
C . Update the risk register to ensure both risk scenarios have the highest residual risk.
D . Request that both business units conduct another review of the risk.

Lösung einblenden Lösung ausblenden