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NEW QUESTION # 669
Which of the following BEST prevents control gaps in the Zero Trust model when implementing in the
environment?
- A. Utilizing rapid development during implementation
- B. Relying on multiple solutions for Zero Trust
- C. Starting with a large initial scope
- D. Establishing a robust technical architecture
Answer: D
Explanation:
Zero Trust Model:
Zero Trust security model assumes that threats can exist both inside and outside the network. Every access
request must be authenticated, authorized, and encrypted.
Preventing Control Gaps:
A robust technical architecture ensures comprehensive and consistent security controls across the entire
network.
It integrates various security measures, such as microsegmentation, strong authentication, continuous
monitoring, and least privilege access, to create a unified defense strategy.
Other Options:
Relying on Multiple Solutions:Can lead to fragmentation and inconsistencies in security controls.
Utilizing Rapid Development:May introduce vulnerabilities if security is not properly integrated.
Starting with a Large Initial Scope:Can be overwhelming and difficult to manage effectively, leading to
potential gaps.
References:
The CISSP Study Guide emphasizes the importance of a strong and cohesive technical architecture in
implementing Zero Trust effectively (Sybex CISSP Study Guide, Chapter 8: Principles of Security Models,
Design, and Capabilities) .
NEW QUESTION # 670
Which of the following is the BEST way to identify changes in the risk profile of an organization?
- A. Monitor key indicators (KRIs)
- B. Interview the risk owner
- C. Monitor key performance indicators (KPIs)
- D. Conduct a gap analysis
Answer: D
Explanation:
Section: Volume D
NEW QUESTION # 671
Which of the following is the PRIMARY benefit of identifying and communicating with stakeholders at the
onset of an IT risk assessment?
- A. Selecting the risk assessment framework
- B. Defining the risk assessment scope
- C. Obtaining funding support
- D. Establishing inherent risk
Answer: B
Explanation:
An IT risk assessment is a process that involves identifying, analyzing, and evaluating the IT-related risks and
their potential impacts on the organization's objectives and performance1. Identifying and communicating
with stakeholders at the onset of an IT risk assessment is the process of determining and engaging the persons
or entities that have an interest or influence in the IT risk management, such as the IT users, owners,
managers, orproviders2. The primary benefit of identifying and communicating with stakeholders at the onset
of an IT risk assessment is to define the risk assessment scope, which is theboundary or extent of the IT risk
assessment, such as the IT systems, processes, or functions that are included or excluded from the
assessment3. By identifying and communicating with stakeholders at the onset of an IT risk assessment, the
organization can ensure that the risk assessment scope is relevant, realistic, and aligned with the organization'
s strategy, vision, and mission, and that it reflects the current and emerging IT risks and their potential
consequences. Identifying and communicating with stakeholders at the onset of an IT risk assessment can also
help to establish and communicate the roles and responsibilities of the stakeholders, and to enforce the
accountability and performance of the IT risk management. Obtaining funding support, selecting the risk
assessment framework, and establishing inherent risk are not the primary benefits of identifying and
communicating with stakeholders at the onset of an IT risk assessment, as they do not provide the same level
of insight and relevance as defining the risk assessment scope. Obtaining funding support is the process of
securing and providing the necessary funds or resources that are required to support or enable the IT risk
assessment4. Obtaining funding support can enhance the quality and performance of the IT risk assessment,
but it is not the primary benefit of identifying and communicating with stakeholders at the onset of an IT risk
assessment, as it does not determine or influence the boundary or extent of the IT risk assessment. Selecting
the risk assessment framework is the process of choosing or developing a set of principles, methods, and tools
that guide and facilitate the IT risk assessment5. Selecting the risk assessment framework can improve the
reliability and consistency of the IT risk assessment, but it is not the primary benefit of identifying and
communicating with stakeholders at the onset of an IT risk assessment, as it does not define or affect the
scope or coverage of the IT risk assessment. Establishing inherent risk is the process of assessing the level of
risk that exists before any controls or mitigating factors are considered. Establishing inherent risk can help to
understand and prioritize the IT risks and their impacts, but it is not the primary benefit of identifying and
communicating with stakeholders at the onset of an IT risk assessment, as it does not specify or limit the
scope or range of the IT risk assessment. References = 1: IT Risk Assessment - an overview | ScienceDirect
Topics2: Stakeholder Requirements - an overview | ScienceDirect Topics3: Risk Assessment Scope - an
overview | ScienceDirect Topics4: Funding Support - an overview | ScienceDirect Topics5: Risk Assessment
Framework - an overview | ScienceDirect Topics : [Inherent Risk - an overview | ScienceDirect Topics] :
[Risk and Information Systems Control Study Manual, Chapter 2: IT Risk Assessment, Section 2.1: Risk
Identification, pp. 57-59.] : [Risk and Information Systems Control Study Manual, Chapter 2: IT Risk
Assessment, Section 2.2: Risk Analysis, pp. 67-69.] : [Risk and Information Systems Control Study Manual,
Chapter 2: IT Risk Assessment, Section 2.3: Risk Evaluation, pp. 77-79.] : [Risk and Information Systems
Control Study Manual, Chapter 3: Risk Response, Section 3.1: RiskResponse Options, pp. 113-115.] : [Risk
and Information Systems Control Study Manual, Chapter 4: Risk and Control Monitoring and Reporting,
Section 4.1: Key Risk Indicators, pp. 181-185.] : [Risk and Information Systems Control Study Manual,
Chapter 4: Risk and ControlMonitoring and Reporting, Section 4.2: Risk Monitoring, pp. 189-191.] : [Risk
and Information Systems Control Study Manual, Chapter 5: Information Systems Control Design and
Implementation, Section 5.1: Control Design, pp. 233-235.] : [Risk and Information Systems Control Study
Manual, Chapter 5: Information Systems Control Design and Implementation, Section 5.2: Control
Implementation, pp. 243-245.] : [Risk and Information Systems Control Study Manual, Chapter 5:
Information Systems Control Design and Implementation, Section 5.3: Control Monitoring and Maintenance,
pp. 251-253.]
NEW QUESTION # 672
Which of the following would BEST provide early warning of a high-risk condition?
- A. Risk assessment
- B. Risk register
- C. Key performance indicator (KPI)
- D. Key risk indicator (KRI)
Answer: D
NEW QUESTION # 673
Quantifying the value of a single asset helps the organization to understand the:
- A. organization s risk threshold.
- B. necessity of developing a risk strategy,
- C. overall effectiveness of risk management
- D. consequences of risk materializing
Answer: D
Explanation:
Quantifying the value of a single asset helps the organization to understand the consequences of risk
materializing, as it indicates how much impact or loss the organization would suffer if the asset is
compromised, damaged, or destroyed by a threat. The value of an asset can be determined by various
methods, such as the cost of acquisition, replacement, or restoration, the market value, the income or revenue
generated, or the impact on the business objectives or reputation. The other options are not the best
description of what quantifying the value of a single asset helps the organization to understand, as they are
either too broad (overall effectiveness of risk management, necessity of developing a risk strategy) or not
directly related to the asset value (organization's risk threshold). References = IT Asset Valuation, Risk
Assessment and Control Implementation Model; How to quantify assets?; Asset Valuation - Definition,
Methods, and Importance
NEW QUESTION # 674
Where are all risks and risk responses documented as the project progresses?
- A. Risk register
- B. Risk response plan
- C. Project management plan
- D. Risk management plan
Answer: A
Explanation:
Section: Volume C
Explanation:
All risks, their responses, and other characteristics are documented in the risk register. As the project progresses and the conditions of the risk events change, the risk register should be updated to reflect the risk conditions.
Incorrect Answers:
A: The risk management plan addresses the project management's approach to risk management, risk identification, analysis, response, and control.
B: The project management plan is the overarching plan for the project, not the specifics of the risk responses and risk identification.
C: The risk response plan only addresses the planned risk responses for the identified risk events in the risk register.
NEW QUESTION # 675
Which of the following is the MOST effective control to maintain the integrity of system configuration files?
- A. Restricting access to configuration documentation
- B. Recording changes to configuration files
- C. Implementing automated vulnerability scanning
- D. Monitoring against the configuration standard
Answer: D
NEW QUESTION # 676
Which of the following is the STRONGEST indication an organization has ethics management issues?
- A. Internal IT auditors report to the chief information security officer (CISO).
- B. Employees do not report IT risk issues for fear of consequences.
- C. The organization has only two lines of defense.
- D. Employees face sanctions for not signing the organization's acceptable use policy.
Answer: B
Explanation:
Section: Volume D
NEW QUESTION # 677
As part of an overall IT risk management plan, an IT risk register BEST helps management:
- A. align IT processes with business objectives.
- B. communicate the enterprise risk management policy.
- C. stay current with existing control status.
- D. understand the organizational risk profile.
Answer: D
Explanation:
An IT risk register is a document that is used as a risk management tool to identify, analyze, and track the
potential risks related to the use of information technology within an organization. An IT risk register helps
management to understand the organizational risk profile, which is a comprehensive and structured
representation of the risks that the organization faces. The risk profile helps the organization to understand its
risk exposure, appetite, and tolerance, and to align its risk management strategy with its business objectives
and context. The risk register is an essential input for creating and updating the risk profile, as it provides the
data and analysis of the risks that need to be prioritized and addressed12. The other options are not the best
answers, as they are either not directly shown or derived from the IT risk register. Aligning IT processes with
business objectives is a goal of IT governance, which may be influenced by the IT risk register, but not solely
determined by it. Communicating the enterprise risk management policy is a responsibility of the senior
management and the board of directors, which may use the IT risk register as a reference, but not as the main
source. Staying current with existing control status is a function of IT audit and assurance, which may rely on
the IT risk register as a basis, but not as the only evidence. References = Risk Register: A Project Manager's
Guide with Examples [2023] * Asana; Complete Guide to IT Risk Management | CompTIA
NEW QUESTION # 678
You are the project manager of your enterprise. You have introduced an intrusion detection system for the control. You have identified a warning of violation of security policies of your enterprise. What type of control is an intrusion detection system (IDS)?
- A. Corrective
- B. Detective
- C. Preventative
- D. Recovery
Answer: B
Explanation:
Explanation/Reference:
Explanation:
An intrusion detection system (IDS) is a device or software application that monitors network and/or system activities for malicious activities or policy violations and produces reports to a Management Station.
Some systems may attempt to stop an intrusion attempt but this is neither required nor expected of a monitoring system. Intrusion detection and prevention systems (IDPS) are primarily focused on identifying possible incidents, logging information about them, and reporting attempts. In addition, organizations use IDPS for other purposes, such as identifying problems with security policies, documenting existing threats, and deterring individuals from violating security policies.
As IDS detects and gives warning when the violation of security policies of the enterprise occurs, it is a detective control.
Incorrect Answers:
B: These controls make effort to reduce the impact of a threat from problems discovered by detective controls. As IDS only detects but not reduce the impact, hence it is not a corrective control.
C: As IDS only detects the problem when it occurs and not prior of its occurrence, it is not preventive control.
D: These controls make efforts to overcome the impact of the incident on the business, hence IDS is not a recovery control.
NEW QUESTION # 679
A risk practitioner shares the results of a vulnerability assessment for a critical business application with the
business manager. Which of the following is the NEXT step?
- A. Escalate the findings to senior management and internal audit.
- B. Develop a risk action plan to address the findings.
- C. Conduct a penetration test to validate the vulnerabilities from the findings.
- D. Evaluate the impact of the vulnerabilities to the business application.
Answer: B
Explanation:
According to the CRISC Review Manual1, a risk action plan is a document that defines the specific actions,
resources, responsibilities, and timelines for implementing the risk responses. A risk action plan should be
developed after the results of a vulnerability assessment are shared with the relevant stakeholders, such as the
business manager, to address the identified vulnerabilities and mitigate the associated risks. Developing a risk
action plan is the next step in the risk management process, as it helps to ensure that the risk responses are
executed effectively and efficiently, and that the residual risks are within the acceptable levels. References =
CRISC Review Manual1, page 201.
NEW QUESTION # 680
Which of the following provides the MOST useful information to assess the magnitude of identified deficiencies in the IT control environment?
- A. Business impact analysis (BIA) results
- B. Peer benchmarks
- C. Threat analysis results
- D. Internal audit reports
Answer: C
NEW QUESTION # 681
What are the key control activities to be done to ensure business alignment?
Each correct answer represents a part of the solution. Choose two.
- A. Conduct IT continuity tests on a regular basis or when there are major changes in the IT infrastructure
- B. Periodically identify critical data that affect business operations
- C. Establish an independent test task force that keeps track of all events
- D. Define the business requirements for the management of data by IT
Answer: B,D
Explanation:
Explanation/Reference:
Explanation:
Business alignment require following control activities:
Defining the business requirements for the management of data by IT.
Periodically identifying critical data that affect business operations, in alignment with the risk
management model and IT service as well as the business continuity plan.
Incorrect Answers:
B: Conducting IT continuity tests on a regular basis or when there are major changes in the IT infrastructure is done for testing IT continuity plan. It does not ensure alignment with business.
D: This is not a valid answer.
NEW QUESTION # 682
The risk appetite for an organization could be derived from which of the following?
- A. Cost of controls
- B. Inherent risk
- C. Annual loss expectancy (ALE)
- D. Residual risk
Answer: A
Explanation:
According to the CRISC Review Manual1, cost of controls is the amount of money or resources that an
organization is willing to spend to implement and maintain risk responses. Cost of controls is one of the
factors that influences the risk appetite of an organization, as it reflects thetrade-off between the benefits and
costs of risk responses. Cost of controls helps to determine the optimal level of risk that an organization can
accept in pursuit of its objectives, and to align the risk responses with the organization's strategy, goals, and
culture. References = CRISC Review Manual1, page 193.
NEW QUESTION # 683
A control owner has completed a year-long project To strengthen existing controls. It is MOST important for
the risk practitioner to:
- A. update the risk register to reflect the correct level of residual risk.
- B. verify cost-benefit of the new controls being implemented.
- C. ensure risk monitoring for the project is initiated.
- D. conduct and document a business impact analysis (BIA).
Answer: B
Explanation:
The risk practitioner should verify the cost-benefit of the new controls being implemented to ensure that they
are aligned with the enterprise's risk appetite and strategy, and that they provide value to the business. The
other options are not as important as verifying the cost-benefit of the new controls, because:
Option A: Updating the risk register is a good practice, but it does not provide assurance that the new controls
are effective and efficient.
Option B: Ensuring risk monitoring for the project is initiated is also a good practice, but it is not as urgent as
verifying the cost-benefit of the new controls, which should be done before the project is closed.
Option C: Conducting and documenting a BIA is not relevant to the scenario, as the project is already
completed and the new controls are implemented. References = Risk and Information Systems Control Study
Manual, 7th Edition, ISACA, 2020, p. 184.
NEW QUESTION # 684
An organization recently implemented new technologies that enable the use of robotic process automation.
Which of the following is MOST important to reassess?
- A. Risk appetite
- B. Risk tolerance
- C. Risk profile
- D. Risk capacity
Answer: C
Explanation:
The risk profile is the most important thing to reassess when an organization implements new technologies
that enable the use of robotic process automation (RPA). The risk profile is a comprehensive and dynamic
view of the organization's risks, their ratings, responses, and status. RPA can introduce new risks or change
the existing risks related to the organization's objectives, operations, and performance. For example, RPA can
create risks such as system failures, data breaches, compliance violations, human errors, or ethical dilemmas.
Therefore, the organization should reassess its risk profile to identify, assess, treat, monitor, and review the
risks associated with RPA, and to ensure that the risk management strategy is aligned with the business needs
and expectations.
References:
*ISACA, Robotic Process Automation for Internal Audit1
*ISACA, Key Considerations for Robotic Process Automation2
NEW QUESTION # 685
A MAJOR advantage of using key risk indicators (KRis) is that (hey
- A. assess risk scenarios that exceed defined thresholds
- B. identify when risk exceeds defined thresholds
- C. identify scenarios that exceed defined risk appetite
- D. help with internal control assessments concerning risk appellate
Answer: B
Explanation:
Key risk indicators (KRIs) are metrics that provide an early warning of increasing risk exposure in various
areas of the organization. They help to monitor changes in the level of risk and enable timely actions to
mitigate the risk. The major advantage of using KRIs is that they identify when risk exceeds defined
thresholds, which are the acceptable or tolerable levels of risk that the organization has established. By
identifying when risk exceeds defined thresholds, the KRIs can alert the management and stakeholders of the
need to take corrective or preventive measures, and avoid or reduce the potential losses or
damages. References = 3
NEW QUESTION # 686
An interruption in business productivity is considered as which of the following risks?
- A. Strategic risk
- B. Operational risk
- C. Reporting risk
- D. Legal risk
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Operation risks encompass any potential interruption in business. Operational risks are those risk that are associated with the day-to-day operations of the enterprise. They are generally more detailed as compared to strategic risks. It is the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Some sub-categories of operational risks include:
Organizational or management related risks
Information security risks
Production, process, and productivity risks
Profitability operational risks
Business interruption risks
Project activity risks
Contract and product liability riss
Incidents and crisis
Illegal or malicious acts
Incorrect Answers:
A: Reporting risks are those occurrences which prevent accurate and timely reporting.
C: Legal risks are dealing with those events which can deteriorate the company's legal status. Legal compliance is the process or procedure to ensure that an organization follows relevant laws, regulations and business rules. The definition of legal compliance, especially in the context of corporate legal departments, has recently been expanded to include understanding and adhering to ethical codes within entire professions, as well. Hence legal and compliance risk has the potential to deteriorate company's legal or regulatory status.
D: Strategic risks have potential which breaks in obtaining strategic objectives. Since the strategic objective will shape and impact the entire organization, the risk of not meeting that objective can impose a great threat on the organization.
NEW QUESTION # 687
During the risk assessment of an organization that processes credit cards, a number of existing controls have been found to be ineffective and do not meet industry standards. The overall control environment may still be effective if:
- A. risk management is effective.
- B. residual risk is accepted.
- C. compensating controls are in place.
- D. a control mitigation plan is in place.
Answer: C
Explanation:
Compensating controls are additional or alternative controls that are implemented when the existing controls are found to be ineffective or do not meet the required standards. Compensating controls are designed to reduce the risk exposure to an acceptable level and ensure that the organization can still comply with the relevant regulations and industry best practices. For an organization that processes credit cards, compensating controls may include enhanced encryption, monitoring, auditing, or authentication mechanisms. By having compensating controls in place, the organization can maintain an effective overall control environment despitethe deficiencies in the existing controls. The other options are not correct because they do not ensure that the overall control environment is effective. A control mitigation plan is a document that outlines the actions and resources needed to address the control deficiencies, but it does not guarantee that the compensating controls will be implemented or effective. Risk management is a process that involves identifying, analyzing, evaluating, and treating risks, but it does not directly affect the control environment. Residual risk is the risk that remains after the risk treatment, and it may or may not be acceptable depending on the risk appetite of the organization. References = CRISC Review Manual, pages
153-1541; CRISC Review Questions, Answers & Explanations Manual, page 632
NEW QUESTION # 688
Which of the following is MOST important when determining risk appetite?
- A. Identifying risk tolerance
- B. Benchmarking against industry standards
- C. Gaining management consensus
- D. Assessing regulatory requirements
Answer: C
Explanation:
The most important factor when determining risk appetite is gaining management consensus, as it involves obtaining the agreement and support of the senior management and the board of directors on the amount and type of risk that the organization is willing to accept in pursuit of its objectives, and ensuring the alignment and consistency of the risk appetite across the organization. The other options are not the most important factors, as they are more related to the assessment, benchmarking, or identification of the risk, respectively, rather than the determination of the risk appetite. References = CRISC Review Manual, 7th Edition, page 109.
NEW QUESTION # 689
Effective risk communication BEST benefits an organization by:
- A. improving the effectiveness of IT controls.
- B. helping personnel make better-informed decisions
- C. increasing participation in the risk assessment process.
- D. assisting the development of a risk register.
Answer: B
Explanation:
Effective risk communication best benefits an organization by helping personnel make better-informed
decisions. Risk communication is the process of exchanging information and opinions among stakeholders
about the nature, magnitude, significance, or control of a risk. By communicating risk information clearly and
consistently, the organization can enhance the understanding and awareness of the risk, and enable the
personnel to make decisions that are aligned with the risk appetite and objectives of the organization.
Assisting the development of a risk register, improving the effectiveness of IT controls, and increasing
participation in the risk assessment process are other possible benefits, but they are not as important as
helping personnel make better-informed decisions. References = ISACA Certified in Risk and Information
Systems Control (CRISC) Certification Exam Question and Answers, question 12; CRISC Review Manual,
6th Edition, page 215.
NEW QUESTION # 690
Which of the following is the GREATEST benefit of a three lines of defense structure?
- A. Clear accountability for risk management processes
- B. Effective segregation of duties to prevent internal fraud
- C. Improved effectiveness and efficiency of business operations
- D. An effective risk culture that empowers employees to report risk
Answer: A
Explanation:
A three lines of defense structure is a model that defines the roles and responsibilities of different functions and levels within an organization for risk management and control. The first line of defense is the operational management, which is responsible for owning and managing the risks. The second line of defense is the risk management and compliance functions, which are responsible for overseeing and supporting the risk management processes. The third line of defense is the internal audit function, which is responsible for providing independent assurance on the effectiveness of the risk management and control systems. The greatest benefit of a three lines of defense structure is that it provides clear accountability for risk management processes, as it clarifies who is responsible for what, and how they interact and communicate with each other. This can help to avoid duplication, confusion, or gaps in the risk management activities, and ensure that the risks are properly identified, assessed, treated, monitored, and reported. References = CRISC Review Manual, 7th Edition, page 107.
NEW QUESTION # 691
The percentage of unpatched systems is a:
- A. key performance indicator (KPI).
- B. critical success factor (CSF).
- C. key risk indicator (KRI).
- D. threat vector.
Answer: C
Explanation:
The percentage of unpatched systems is best classified as a Key Risk Indicator (KRI). KRIs are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the business. Here' s a Understanding KRIs:
Definition: KRIs are specific metrics that provide insights into the risk level of an organization. They help in identifying potential risks that could impact the business negatively if not addressed promptly.
Purpose: KRIs are used to monitor the effectiveness of risk management strategies and to provide an early warning system for emerging risks.
Percentage of Unpatched Systems as a KRI:
Indicator of Vulnerability: The percentage of unpatched systems directly indicates how vulnerable an organization is to cyber threats. Unpatched systems are a common entry point for attackers, making this metric critical for assessing the organization's exposure to cyber risks.
Impact on Security Posture: A high percentage of unpatched systems can significantly increase the likelihood of security incidents, making it a valuable metric for risk management.
Proactive Risk Management: By monitoring this KRI, organizations can take proactive measures to address vulnerabilities before they are exploited.
Comparison with Other Options:
Threat Vector: A threat vector refers to the path or means by which a threat can reach and impact an asset. It is not a metric like the percentage of unpatched systems.
Critical Success Factor (CSF): CSFs are essential elements necessary for an organization to achieve its mission. While important, they are not specific metrics used to measure risk.
Key Performance Indicator (KPI): KPIs measure how effectively an organization is achieving its key business objectives. While related, KPIs focus on performance rather than risk exposure.
References:
CRISC Review Manual: Provides detailed insights into KRIs and their role in risk management.
ISACA Risk IT Framework: Discusses the use of KRIs in monitoring and managing IT risks effectively.
NEW QUESTION # 692
Determining if organizational risk is tolerable requires:
- A. mapping residual risk with cost of controls
- B. comparing industry risk appetite with the organizations.
- C. comparing against regulatory requirements
- D. understanding the organization's risk appetite.
Answer: D
Explanation:
Determining if organizational risk is tolerable requires understanding the organization's risk appetite, which is
the amount and type of risk that the organization is willing to accept or pursue in order to achieve its
objectives1. Understanding the organization's risk appetite can help to:
Define and communicate the risk tolerance, which is the acceptable or unacceptable level of risk for each risk
category or scenario2.
Guide and align the risk identification, analysis, evaluation, and treatment processes, and ensure that the risks
are consistent and proportional to the risk appetite3.
Measure and monitor the risk performance and outcome, and ensure that the residual risk (the risk that
remains after the risk responses) is within the risk appetite, or take corrective actions if needed4.
The other options are not the best ways to determine if organizational risk is tolerable, because:
Mapping residual risk with cost of controls is a useful but not sufficient way to determine if organizational
risk is tolerable, as it provides a quantitative analysis of the trade-off between the risk level and the risk
response cost5. However, mapping residual risk with cost of controls does not consider the qualitative aspects
of the risk, such as the impact on the organization's strategy, culture, or reputation.
Comparing against regulatory requirements is a necessary but not sufficient way to determine if
organizational risk is tolerable, as it ensures that the organization complies with the applicable laws, rules, or
standards that govern its activities and operations6. However, comparing against regulatory requirements does
not guarantee that the organization meets its own objectives and expectations, which may be higher or lower
than the regulatory requirements.
Comparing industry risk appetite with the organization's risk appetite is a helpful but not sufficient way to
determine if organizational risk is tolerable, as it provides a reference or a standard for benchmarking the
organization's risk level and performance with its peers or competitors7. However, comparing industry risk
appetite with the organization's risk appetite does not ensure that the organization addresses its specific or
unique risks, which may differ from the industry risks.
References =
Risk Appetite - CIO Wiki
Risk Tolerance - CIO Wiki
Risk Management Process - CIO Wiki
Risk Monitoring - CIO Wiki
Residual Risk - CIO Wiki
Regulatory Compliance - CIO Wiki
Benchmarking - CIO Wiki
Risk and Information Systems Control documents and learning resources by ISACA
NEW QUESTION # 693
The BEST reason to classify IT assets during a risk assessment is to determine the:
- A. business process owner
- B. priority in the risk register
- C. enterprise risk profile
- D. appropriate level of protection
Answer: D
Explanation:
Section: Volume D
NEW QUESTION # 694
......
The CRISC certification exam is ideal for individuals who are responsible for managing IT risks in their organizations, including IT and security professionals, risk management professionals, compliance professionals, and auditors. Certified in Risk and Information Systems Control certification validates the candidate's knowledge and expertise in the areas of IT risk management, including the ability to identify, assess, and evaluate IT risks, develop and implement risk management strategies, and monitor and report on the effectiveness of risk management processes. The CRISC certification is highly respected in the industry and demonstrates a candidate's commitment to professional development and excellence in the field of IT risk management.
Conclusion
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