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Free IT-Risk-Fundamentals Exam Braindumps (page: 6)

Page 5 of 20
PDF with 75 Questions

Which of the following represents a vulnerability associated with legacy systems using older technology?

  1. Lost opportunity to capitalize on emerging technologies
  2. Rising costs associated with system maintenance
  3. Inability to patch or apply system updates

Answer(s): C

Explanation:

Legacy systems using older technology often suffer from the inability to patch or apply system updates, representing a significant vulnerability. This lack of updates can leave the system exposed to known security vulnerabilities, making it an attractive target for cyberattacks. Additionally, unsupported systems may not receive critical updates necessary for compliance with current security standards and regulations.
While rising maintenance costs and lost opportunities are also concerns, the primary vulnerability lies in the system's inability to be updated, which directly impacts its security posture. This issue is highlighted in various IT security frameworks, including ISO 27001 and NIST SP 800-53.



Which of the following is the GREATEST benefit of effective asset valuation?

  1. It protects the enterprise from paying more for protection than the net worth of the asset.
  2. It assures that asset valuation is consistently applied to all assets across the enterprise.
  3. It ensures assets are linked to processes and classified based on business value.

Answer(s): C

Explanation:

Effective asset valuation is crucial for several reasons, but the greatest benefit is its ability to ensure that assets are linked to processes and classified based on their business value. Here's a detailed explanation:
Linking Assets to Processes:

Understanding Asset Utilization: By valuing assets effectively, an organization can better understand how each asset is used in various processes. This linkage helps in optimizing the use of assets, ensuring that they contribute effectively to business operations. Enhancing Process Efficiency: When assets are correctly valued and linked to processes, it enables the organization to streamline operations, reduce waste, and improve overall efficiency.
Classification Based on Business Value:
Prioritization of Resources: Effective asset valuation allows the organization to prioritize resources towards assets that hold the highest business value. This means that critical assets that support key business processes receive the necessary attention and investment. Informed Decision Making: Accurate valuation provides management with the necessary information to make informed decisions about asset maintenance, replacement, and enhancement, ensuring that the assets continue to provide value to the business.
Risk Management:
Mitigating Financial Risks: By knowing the exact value of assets, the organization can avoid over- investing or under-investing in protection measures. This balance helps in mitigating financial risks associated with asset management.
Compliance and Reporting: Proper asset valuation ensures compliance with financial reporting standards and regulations, thereby reducing the risk of legal or regulatory issues.


Reference:

The importance of linking assets to business processes and their classification based on business value is emphasized in various audit and IT management frameworks, including COBIT and ITIL. ISA 315 highlights the importance of understanding the entity's information system and relevant controls, which includes the valuation and management of assets.



Which type of assessment evaluates the changes in technical or operating environments that could result in adverse consequences to an enterprise?

  1. Vulnerability assessment
  2. Threat assessment
  3. Control self-assessment

Answer(s): B

Explanation:

A Threat Assessment evaluates changes in the technical or operating environments that could result in adverse consequences to an enterprise. This process involves identifying potential threats that could exploit vulnerabilities in the system, leading to significant impacts on the organization's operations, financial status, or reputation. It is essential to distinguish between different types of assessments:
Vulnerability Assessment: Focuses on identifying weaknesses in the system that could be exploited by threats. It does not specifically evaluate changes in the environment but rather the existing vulnerabilities within the system.
Threat Assessment: Involves evaluating changes in the technical or operating environments that could introduce new threats or alter the impact of existing threats. It looks at how external and internal changes could create potential risks for the organization. This assessment is crucial for understanding how the evolving environment can influence the threat landscape. Control Self-Assessment (CSA): A process where internal controls are evaluated by the employees responsible for them. It helps in identifying control gaps but does not specifically focus on changes in the environment or their impact.
Given these definitions, the correct type of assessment that evaluates changes in technical or operating environments that could result in adverse consequences to an enterprise is the Threat Assessment.



One of the PRIMARY purposes of threat intelligence is to understand:

  1. zero-day threats.
  2. breach likelihood.
  3. asset vulnerabilities.

Answer(s): B

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.






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