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Free IT-Risk-Fundamentals Exam Braindumps (page: 8)

Page 7 of 20
PDF with 75 Questions

Which of the following is an example of an inductive method to gather information?

  1. Vulnerability analysis
  2. Controls gap analysis
  3. Penetration testing

Answer(s): C

Explanation:

Penetration testing is an example of an inductive method to gather information. Here's why:
Vulnerability Analysis: This typically involves a deductive approach where existing knowledge of vulnerabilities is applied to identify weaknesses in the system. It is more of a systematic analysis rather than an exploratory method.
Controls Gap Analysis: This is a deductive method where existing controls are evaluated against standards or benchmarks to identify gaps. It follows a structured approach based on predefined criteria.
Penetration Testing: This involves actively trying to exploit vulnerabilities in the system to discover new security weaknesses. It is an exploratory and inductive method, where testers simulate attacks to uncover security flaws that were not previously identified. Penetration testing uses an inductive approach by exploring and testing the system in various ways to identify potential security gaps, making it the best example of an inductive method.


Reference:

ISA 315 Anlage 5 and 6: Understanding vulnerabilities, threats, and controls in IT systems. GoBD and ISO-27001 guidelines on minimizing attack vectors and conducting security assessments. These references ensure a comprehensive understanding of the concerns and methodologies involved in IT risk and audit processes.



Incomplete or inaccurate data may result in:

  1. availability risk.
  2. relevance risk.
  3. integrity risk.

Answer(s): C

Explanation:

Incomplete or inaccurate data results in integrity risk. Here's a detailed explanation:
Availability Risk: This pertains to the accessibility of data and systems. It ensures that data and systems are available for use when needed. Incomplete or inaccurate data doesn't necessarily impact the availability but rather the quality of the data.
Relevance Risk: This involves the appropriateness of the data for a specific purpose.
While incomplete or inaccurate data might affect relevance, it primarily impacts the data's trustworthiness and correctness.
Integrity Risk: This is directly concerned with the accuracy and completeness of data. Integrity risk arises when data is incomplete or inaccurate, leading to potential errors in processing, decision- making, and reporting. Ensuring data integrity means ensuring that the data is both accurate and complete.
Therefore, the primary risk associated with incomplete or inaccurate data is integrity risk.



Why is risk identification important to an organization?

  1. It provides a review of previous and likely threats to the enterprise.
  2. It ensures risk is recognized and the impact to business objectives is understood.
  3. It enables the risk register to detail potential impacts to an enterprise's business processes.

Answer(s): B

Explanation:

Risk identification is critical because it ensures that risk is recognized and the impact on business objectives is understood. Here's why:
Provides a review of previous and likely threats to the enterprise: While this is part of risk identification, it does not encompass the primary purpose. Reviewing past threats helps in understanding historical risks but does not address the recognition and understanding of current and future risks.
Ensures risk is recognized and the impact to business objectives is understood: This is the essence of risk identification. It helps in identifying potential risks and understanding how these risks can impact the achievement of business objectives. Recognizing risks allows organizations to proactively address them before they materialize.
Enables the risk register to detail potential impacts to an enterprise's business processes: This is a result of risk identification, but the primary importance lies in the recognition and understanding of risks.
Therefore, risk identification is crucial as it ensures that risks are recognized and their impacts on business objectives are understood.



Which of the following includes potential risk events and the associated impact?

  1. Risk scenario
  2. Risk policy
  3. Risk profile

Answer(s): A

Explanation:

A risk scenario includes potential risk events and the associated impact. Here's the detailed breakdown:
Risk Scenario: This describes potential events that could affect the organization and includes detailed descriptions of the circumstances, events, and potential impacts. It helps in understanding what could happen and how it would impact the organization. Risk Policy: This outlines the overall approach and guidelines for managing risk within the organization. It does not detail specific events or impacts. Risk Profile: This provides an overview of the risk landscape, summarizing the types and levels of risk the organization faces. It is more of a high-level summary rather than detailed potential events and impacts.
Therefore, a risk scenario is the most detailed in terms of potential risk events and their associated impacts.






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