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  5. ISO-IEC-27005-Risk-Manager

Free ISO-IEC-27005-Risk-Manager Exam Braindumps (page: 4)

Page 3 of 16
PDF with 60 Questions

Which statement regarding risks and opportunities is correct?

  1. Risks always have a positive outcome whereas opportunities have an unpredicted outcome
  2. Opportunities might have a positive impact, whereas risks might have a negative impact
  3. There is no difference between opportunities and risks; these terms can be used interchangeably

Answer(s): B

Explanation:

ISO standards, including ISO/IEC 27005, make a distinction between risks and opportunities. Risks are defined as the effect of uncertainty on objectives, which can result in negative consequences (such as financial loss, reputational damage, or operational disruption). Opportunities, on the other hand, are situations or conditions that have the potential to provide a positive impact on achieving objectives. Therefore, option B is correct, as it accurately reflects that risks are generally associated with negative impacts, while opportunities can lead to positive outcomes. Option A is incorrect because risks can have negative outcomes, not positive ones. Option C is incorrect because risks and opportunities have different meanings and implications and are not interchangeable.



Which of the following risk assessment methods provides an information security risk assessment methodology and involves three phases build asset-based threat profiles, identify infrastructure vulnerabilities, and develop security strategy and plans?

  1. OCTAVE-S
  2. MEHARI
  3. TRA

Answer(s): A

Explanation:

OCTAVE-S (Operationally Critical Threat, Asset, and Vulnerability Evaluation for Small Organizations) is a risk assessment methodology tailored for small organizations. It provides a structured approach for identifying and managing information security risks. The OCTAVE-S method involves three main phases:
Building asset-based threat profiles, where critical assets and their associated threats are identified. Identifying infrastructure vulnerabilities by assessing the organization's technological infrastructure for weaknesses that could be exploited by threats.
Developing security strategy and plans to address the identified risks and improve the overall security posture.
The OCTAVE-S method aligns with the description provided in the question, making it the correct answer. MEHARI and TRA are other risk assessment methods, but they do not specifically follow the three phases outlined above.



Does information security reduce the impact of risks?

  1. Yes, information security reduces risks and their impact by protecting the organization against threats and vulnerabilities
  2. No, information security does not have an impact on risks as information security and risk management are separate processes
  3. Yes, information security reduces the impact of risks by eliminating the likelihood of exploitation of vulnerabilities by threats

Answer(s): A

Explanation:

Information security aims to protect information assets against threats and vulnerabilities that could lead to unauthorized access, disclosure, alteration, or destruction. By implementing effective security measures (such as access controls, encryption, and monitoring), an organization reduces the likelihood of vulnerabilities being exploited and mitigates the potential impact of risks. According to ISO/IEC 27005, risk management in information security includes identifying, assessing, and applying controls to reduce both the likelihood and impact of potential risks. Thus, option A is correct because it acknowledges the role of information security in reducing the impact of risks. Option B is incorrect because information security is a key component of risk management, and option C is incorrect because information security does not eliminate risks entirely; it mitigates their impact.



An organization has installed security cameras and alarm systems.
What type of information security control has been implemented in this case?

  1. Technical
  2. Managerial
  3. Legal

Answer(s): A

Explanation:

Security cameras and alarm systems are considered technical controls in the context of information security. Technical controls, also known as logical controls, involve the use of technology to protect information and information systems. These controls are designed to prevent or detect security breaches and mitigate risks related to physical access and surveillance.
While security cameras and alarms are physical in nature, they fall under the broader category of technical controls because they involve electronic monitoring and alert systems. Option B (Managerial) refers to administrative policies and procedures, and option C (Legal) refers to controls related to compliance with laws and regulations, neither of which applies in this case.






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