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CRISC Lead2pass | Latest CRISC Study Guide

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ISACA Certified in Risk and Information Systems Control Sample Questions (Q242-Q247):

NEW QUESTION # 242
Which of the following processes is described in the statement below?
"It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."

  • A. Risk communication
  • B. Risk response planning
  • C. IRGC
  • D. Risk governance

Answer: A

Explanation:
Section: Volume B
Explanation:
Risk communication is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions. Risk communication is mostly concerned with the nature of risk or expressing concerns, views, or reactions to risk managers or institutional bodies for risk management. The key plan to consider and communicate risk is to categorize and impose priorities, and acquire suitable measures to reduce risks. It is important throughout any crisis to put across multifaceted information in a simple and clear manner. Risk communication helps in switching or allocating the information concerning risk among the decision-maker and the stakeholders. Risk communication can be explained more clearly with the help of the following definitions:
* It defines the issue of what a group does, not just what it says.
* It must take into account the valuable element in user's perceptions of risk.
* It will be more valuable if it is thought of as conversation, not instruction.
Risk communication is a fundamental and continuing element of the risk analysis exercise, and the involvement of the stakeholder group is from the beginning. It makes the stakeholders conscious of the process at each phase of the risk assessment. It helps to guarantee that the restrictions, outcomes, consequence, logic, and risk assessment are undoubtedly understood by all the stakeholders.
Incorrect Answers:
A: Risk governance is a systemic approach to decision making processes associated to natural and technological risks. It is based on the principles of cooperation, participation, mitigation and sustainability, and is adopted to achieve more effective risk management. It seeks to reduce risk exposure and vulnerability by filling gaps in risk policy, in order to avoid or reduce human and economic costs caused by disasters.
Risk governance is a continuous life cycle that requires regular reporting and ongoing review. The risk governance function must oversee the operations of the risk management team.
B: The International Risk Governance Council (IRGC) is a self-governing organization whose principle is to facilitate the understanding and managing the rising overall risks that have impacts on the economy and society, human health and safety, the environment at large. IRGC's effort is to build and develop concepts of risk governance, predict main risk issues and present risk governance policy recommendations for the chief decision makers. IRGC mainly emphasizes on rising, universal risks for which governance deficits exist.
Its goal is to present recommendations for how policy makers can correct them. IRGC models at constructing strong, integrative inter-disciplinary governance models for up-coming and existing risks.
C: Risk response is a process of deciding what measures should be taken to reduce threats and take advantage of the opportunities discovered during the risk analysis processes. This process also includes assigning departments or individual staff members the responsibility of carrying out the risk response plans and these folks are known as risk owners.
The prioritization of the risk responses and development of the risk response plan is based on following parameters:
* Cost of the response to reduce risk within tolerance levels
* Importance of the risk
* Capability to implement the response
* Effectiveness and efficiency of the response
Risk prioritization strategy is used to create a risk response plan and implementation schedule because all risk cannot be addressed at the same time. It may take considerable investment of time and resources to address all the risk identified in the risk analysis process. Risk with a greater likelihood and impact on the enterprise will prioritized above other risk that is considered less likely or lay less impact.


NEW QUESTION # 243
Which of the following BEST protects an organization against breaches when using a software as a service (SaaS) application?

  • A. Control self-assessment (CSA)
  • B. Data privacy impact assessment (DPIA)
  • C. Security information and event management (SIEM) solutions
  • D. Data loss prevention (DLP) tools

Answer: C


NEW QUESTION # 244
Which of The following would offer the MOST insight with regard to an organization's risk culture?

  • A. Benchmark analyses
  • B. Risk management framework
  • C. Risk management procedures
  • D. Senior management interviews

Answer: D


NEW QUESTION # 245
When classifying and prioritizing risk responses, the areas to address FIRST are those with:

  • A. high cost effectiveness ratios and low risk levels.
  • B. high cost effectiveness ratios and high risk levels
  • C. low cost effectiveness ratios and low risk levels.
  • D. low cost effectiveness ratios and high risk levels

Answer: B


NEW QUESTION # 246
Which of the following is the BEST way to detect zero-day malware on an end user's workstation?

  • A. Firewall log monitoring
  • B. Database activity monitoring
  • C. An antivirus program
  • D. File integrity monitoring

Answer: D

Explanation:
Zero-day malware is malware that exploits unknown and unprotected vulnerabilities. This novel malware is
difficult to detect and defend against, making zero-day attacks a significant threat to enterprise
cybersecurity1. The best way to detect zero-day malware on an end user's workstation is to use file integrity
monitoring, which is a technique that monitors and alerts on changes to files and directories that may indicate
a malware infection or compromise2. By using file integrity monitoring, the end user can detect zero-day
malware that may alter or damage the files or directories on their workstation, and take appropriate actions to
remove or isolate the malware. File integrity monitoring can also help to prevent the spread of zero-day
malware to other systems or networks, and to restore the integrity and availability of the affected files or
directories. Antivirus program, database activity monitoring, and firewall log monitoring are not the best ways
to detect zero-day malware on an end user's workstation, as they are not as effective or reliable as file
integrity monitoring. Antivirus program is a software that scans and removes known malware from a system
or network3. Antivirus program can help to protect the end user's workstation from common or known
malware, but it may not be able to detect zero-day malware that does not have a signature or a pattern that
matches the antivirus program's database. Database activity monitoring is a technique that monitors and
audits the activities and transactions on a database, such as queries, updates, or deletions4. Database activity
monitoring can help to protect the end user's database from unauthorized or malicious access or modification,
but it may not be able to detect zero-day malware that does not target or affect the database. Firewall log
monitoring is a technique that monitors and analyzes the logs generated by a firewall, which is a device or
software that filters and controls the incoming and outgoing network traffic based on predefined
rules. Firewall log monitoring can help to protect the enduser's workstation from external or internal network
attacks, but it may not be able to detect zero-day malwarethat bypasses or evades the firewall rules or that
originates from the workstation itself. References = 1: What is Zero Day Malware? - Check Point
Software2: File Integrity Monitoring - an overview | ScienceDirect Topics3: Antivirus Software - an overview
| ScienceDirect Topics4: Database Activity Monitoring - an overview | ScienceDirect Topics : [Firewall Log
Analysis - an overview | ScienceDirect Topics] : [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.] : [Zero-day attack detection: a systematic literature
review | Artificial Intelligence Review] : [Zero-day Attacks Detection and Prevention Methods | Apriorit]


NEW QUESTION # 247
......

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