QUESTION: 13

Which of the following is the PRIMARY outcome of a risk scoping activity?

Identification of major risk factors to be benchmarked against industry competitors
Identification of potential high-impact risk areas throughout the enterprise
Identification of risk scenarios related to emerging technologies

Answer(s): B

Explanation:

Risk scoping is a critical activity in the risk management process aimed at identifying areas within the enterprise that may be exposed to significant risks. The primary outcome of this activity is to identify potential high-impact risk areas throughout the enterprise. This involves assessing various business processes, IT systems, and operational functions to determine where risks may arise and their potential impact on the organization. By focusing on high-impact areas, the organization can prioritize resources and efforts to mitigate these risks effectively. This approach ensures a comprehensive understanding of the risk landscape, which is essential for effective risk management and aligns with best practices outlined in ISO 31000 and COBIT frameworks.

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QUESTION: 14

Publishing l&T risk-related policies and procedures BEST enables an enterprise to:

set the overall expectations for risk management.
hold management accountable for risk loss events.
ensure regulatory compliance and adherence to risk standards.

Answer(s): A

Explanation:

Publishing IT risk-related policies and procedures sets the overall expectations for risk management within an enterprise. These documents provide a clear framework and guidelines for how risk should be managed, communicated, and mitigated across the organization. They outline roles, responsibilities, and processes, ensuring that all employees understand their part in the risk management process. This clarity helps align the organization's efforts towards a common goal and fosters a risk-aware culture.
While holding management accountable and ensuring regulatory compliance are important, the primary role of these policies is to set the tone and expectations for managing risks effectively, as emphasized by standards such as ISO 27001 and COBIT.

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QUESTION: 15

An enterprise's risk policy should be aligned with its:

current risk.
risk capacity.
risk appetite.

Answer(s): C

Explanation:

An enterprise's risk policy should be aligned with its risk appetite, which defines the amount and type of risk the organization is willing to accept in pursuit of its objectives. This alignment ensures that the risk management efforts are consistent with the strategic goals and risk tolerance levels set by the organization's leadership. Risk appetite provides a clear boundary for risk-taking activities and helps in making informed decisions about which risks to accept, mitigate, transfer, or avoid. Aligning the risk policy with the risk appetite ensures that risk management practices are in harmony with the organization's overall strategy and objectives, as recommended by frameworks like COSO ERM and ISO 31000.

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QUESTION: 16

What is the basis for determining the sensitivity of an IT asset?

Potential damage to the business due to unauthorized disclosure
Cost to replace the asset if lost, damaged, or deemed obsolete
Importance of the asset to the business

Answer(s): A

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.

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Free IT-Risk-Fundamentals Exam Braindumps (page: 5)

QUESTION: 13

Explanation:

QUESTION: 14

Explanation:

QUESTION: 15

Explanation:

QUESTION: 16

Explanation:

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