QUESTION: 21

Scenario 4: SynthiTech is a huge global Technology company that provides Innovative software solutions and cybersecurity services to businesses in various industries, including finance, healthcare, and telecommunications. It is committed to deliver cutting-edge technology solutions while prioritizing the security and protection of its clients' digital assets

The company adopted a mode) designed to ensure efficient operations and meet the specific needs of different market segments across the world Within this structure, the company's divisions are divided into financial services, healthcare solutions, telecommunications, and research and development

To establish a robust cybersecurity program, SymhiTech established a cybersecurity program team consisting of several professionals that would be responsible for protecting its digital assets and ensuring the availability, integrity, and confidentiality of information, advising the cybersecurity manager in addressing any risks that arise, and assisting in strategic decisions. In addition, the team was responsible for ensuring that the program Is properly Implemented and maintained

Understanding the importance of effectively managing (he company's assets lo ensure operational efficiency and protect critical resources, the team created an inventory of SynthiTech's assets. The team initially identified all assets, as well as their location and status. The assets were included in the inventory, which was regularly updated to reflect organizational changes In addition, the team regularly assessed the risk associated with each digital asset.

SynthiTech follows a systematic approach to identify, assess, and mitigate potential risks. This involves conducting risk assessments to Identify vulnerabilities and potential threats that may impact its assets and operations. Its cybersecurity program team tested SynthiTech's ICT system from the viewpoint of a threat source and identified potential failures in the IC1 system protection scheme. I hey also collaborated with other divisions to assess the impact and likelihood of risk and developed appropriate risk mitigation strategies. Then, the team implemented security controls, such as firewalls, Intrusion detection systems, and encryption, to ensure protection against the Identified risks. The activities of the risk treatment plan to be undertaken were ranked based on the level of risk and urgency of the treatment.

The company recognizes that effective risk management is an ongoing process and ensures monitoring, evaluation, and continual improvement of the cybersecunty program to adapt to security challenges and technological advancements.

Based on the scenario above, answer the following question:

Based on scenario 4. did SymhiTech assign The role and responsibilities of The cybersecurity program team appropriately?

Yes. the cybersecurity program team should be responsible for advising the cybersecurity manager, assisting in strategic decisions, and ensuring that the program is implemented
No. the cybersecurity program team should only be responsible for executing the program plan.
No, the cybersecurity manager Is responsible for ensuring that the Program Is implemented

Answer(s): A

Explanation:

The responsibilities assigned to the cybersecurity program team at SynthiTech align with best practices in cybersecurity governance. The team is responsible for advising the cybersecurity manager, assisting in strategic decisions, and ensuring the implementation and maintenance of the cybersecurity program.

Detailed
Roles and Responsibilities:

Advising the Cybersecurity Manager: Providing expert advice on potential risks, threats, and appropriate measures.

Assisting in Strategic Decisions: Helping to shape the strategic direction of the cybersecurity program based on risk assessments and industry best practices.

Implementation and Maintenance: Ensuring that cybersecurity measures are properly implemented and continuously updated to address emerging threats.

Cybersecurity

Reference:

ISO/IEC 27001: Outlines the importance of clearly defined roles and responsibilities within an ISMS, including advisory and strategic roles.

NIST Cybersecurity Framework: Emphasizes the need for collaboration and communication between different roles within the organization to effectively manage cybersecurity risks.

By assigning these responsibilities, SynthiTech ensures a comprehensive and proactive approach to cybersecurity management.

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QUESTION: 22

Scenario 4: SynthiTech is a huge global Technology company that provides Innovative software solutions and cybersecurity services to businesses in various industries, including finance, healthcare, and telecommunications. It is committed to deliver cutting-edge technology solutions while prioritizing the security and protection of its clients' digital assets

The company adopted a mode) designed to ensure efficient operations and meet the specific needs of different market segments across the world Within this structure, the company's divisions are divided into financial services, healthcare solutions, telecommunications, and research and development

To establish a robust cybersecurity program, SymhiTech established a cybersecurity program team consisting of several professionals that would be responsible for protecting its digital assets and ensuring the availability, integrity, and confidentiality of information, advising the cybersecurity manager in addressing any risks that arise, and assisting in strategic decisions. In addition, the team was responsible for ensuring that the program Is properly Implemented and maintained

Understanding the importance of effectively managing (he company's assets lo ensure operational efficiency and protect critical resources, the team created an inventory of SynthiTech's assets. The team initially identified all assets, as well as their location and status. The assets were included in the inventory, which was regularly updated to reflect organizational changes In addition, the team regularly assessed the risk associated with each digital asset.

SynthiTech follows a systematic approach to identify, assess, and mitigate potential risks. This involves conducting risk assessments to Identify vulnerabilities and potential threats that may impact its assets and operations. Its cybersecurity program team tested SynthiTech's ICT system from the viewpoint of a threat source and identified potential failures in the IC1 system protection scheme. I hey also collaborated with other divisions to assess the impact and likelihood of risk and developed appropriate risk mitigation strategies. Then, the team implemented security controls, such as firewalls, Intrusion detection systems, and encryption, to ensure protection against the Identified risks. The activities of the risk treatment plan to be undertaken were ranked based on the level of risk and urgency of the treatment.

The company recognizes that effective risk management is an ongoing process and ensures monitoring, evaluation, and continual improvement of the cybersecunty program to adapt to security challenges and technological advancements.

Based on the scenario above, answer the following question:

Did SynthiTech follow the steps for implementing us cybersecurity asset management program correctly' Refer to scenario 4.

Yes. SynthiTech followed all the steps for implementing the asset management program
the risk associated with digital assets should be assessed before developing the inventory
No. the Identified assets should be categorized based on their criticality, value, and sensitivity

Answer(s): C

Explanation:

While SynthiTech followed many steps correctly, it did not mention categorizing identified assets based on their criticality, value, and sensitivity, which is a crucial step in asset management.

Detailed
Asset Categorization:

Importance: Categorizing assets helps in prioritizing security measures based on the importance and sensitivity of the assets.

Process: Assess each asset's criticality to operations, value to the organization, and sensitivity of the information it holds.

Outcome: Ensures that the most critical and sensitive assets receive the highest level of protection.

Steps in Asset Management:

Identification: Recognizing all assets, including their location and status.

Categorization: Assessing and classifying assets based on criticality, value, and sensitivity.

Assessment: Regularly evaluating the risk associated with each asset.

Mitigation: Implementing security controls to protect assets based on their categorization.

Cybersecurity

Reference:

ISO/IEC 27001: Recommends categorizing assets as part of the risk assessment process to prioritize protection efforts.

NIST SP 800-53: Suggests asset categorization to ensure effective risk management and resource allocation.

SynthiTech should categorize its assets to ensure that resources are allocated effectively, and the most critical assets receive appropriate protection.

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QUESTION: 23

Scenario 4: SynthiTech is a huge global Technology company that provides Innovative software solutions and cybersecurity services to businesses in various industries, including finance, healthcare, and telecommunications. It is committed to deliver cutting-edge technology solutions while prioritizing the security and protection of its clients' digital assets

The company adopted a mode) designed to ensure efficient operations and meet the specific needs of different market segments across the world Within this structure, the company's divisions are divided into financial services, healthcare solutions, telecommunications, and research and development

To establish a robust cybersecurity program, SymhiTech established a cybersecurity program team consisting of several professionals that would be responsible for protecting its digital assets and ensuring the availability, integrity, and confidentiality of information, advising the cybersecurity manager in addressing any risks that arise, and assisting in strategic decisions. In addition, the team was responsible for ensuring that the program Is properly Implemented and maintained

Understanding the importance of effectively managing (he company's assets lo ensure operational efficiency and protect critical resources, the team created an inventory of SynthiTech's assets. The team initially identified all assets, as well as their location and status. The assets were included in the inventory, which was regularly updated to reflect organizational changes In addition, the team regularly assessed the risk associated with each digital asset.

SynthiTech follows a systematic approach to identify, assess, and mitigate potential risks. This involves conducting risk assessments to Identify vulnerabilities and potential threats that may impact its assets and operations. Its cybersecurity program team tested SynthiTech's ICT system from the viewpoint of a threat source and identified potential failures in the IC1 system protection scheme. I hey also collaborated with other divisions to assess the impact and likelihood of risk and developed appropriate risk mitigation strategies. Then, the team implemented security controls, such as firewalls, Intrusion detection systems, and encryption, to ensure protection against the Identified risks. The activities of the risk treatment plan to be undertaken were ranked based on the level of risk and urgency of the treatment.

The company recognizes that effective risk management is an ongoing process and ensures monitoring, evaluation, and continual improvement of the cybersecunty program to adapt to security challenges and technological advancements.

Based on the scenario above, answer the following question:

What testing method did SynthiTech use to Identify vulnerabilities? Refer to scenario 4

Automated vulnerability scanning tool
Penetration testing
Code review

Answer(s): B

Explanation:

SynthiTech used penetration testing to identify vulnerabilities in its ICT system from the viewpoint of a threat source. Penetration testing simulates cyberattacks to identify and exploit vulnerabilities, providing insights into the effectiveness of security measures.

Detailed
Penetration Testing:

Definition: A method of testing the security of a system by simulating attacks from malicious actors.

Purpose: To identify vulnerabilities that could be exploited and assess the overall security posture.

Process: Involves planning, reconnaissance, scanning, exploitation, and reporting phases.

Benefits:

Real-World Simulation: Provides a realistic assessment of how attackers might exploit vulnerabilities.

Proactive Measures: Identifies weaknesses before they can be exploited by actual attackers.

Improvement: Offers actionable insights to enhance security measures.

Cybersecurity

Reference:

ISO/IEC 27001: Suggests regular security testing, including penetration testing, as part of an ISMS.

NIST SP 800-115: Provides guidelines for conducting penetration testing, emphasizing its role in identifying and mitigating vulnerabilities.

By conducting penetration testing, SynthiTech can proactively identify and address vulnerabilities, enhancing the overall security of its ICT systems.

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QUESTION: 24

Scenario 4: SynthiTech is a huge global Technology company that provides Innovative software solutions and cybersecurity services to businesses in various industries, including finance, healthcare, and telecommunications. It is committed to deliver cutting-edge technology solutions while prioritizing the security and protection of its clients' digital assets

The company adopted a mode) designed to ensure efficient operations and meet the specific needs of different market segments across the world Within this structure, the company's divisions are divided into financial services, healthcare solutions, telecommunications, and research and development

To establish a robust cybersecurity program, SymhiTech established a cybersecurity program team consisting of several professionals that would be responsible for protecting its digital assets and ensuring the availability, integrity, and confidentiality of information, advising the cybersecurity manager in addressing any risks that arise, and assisting in strategic decisions. In addition, the team was responsible for ensuring that the program Is properly Implemented and maintained

Understanding the importance of effectively managing (he company's assets lo ensure operational efficiency and protect critical resources, the team created an inventory of SynthiTech's assets. The team initially identified all assets, as well as their location and status. The assets were included in the inventory, which was regularly updated to reflect organizational changes In addition, the team regularly assessed the risk associated with each digital asset.

SynthiTech follows a systematic approach to identify, assess, and mitigate potential risks. This involves conducting risk assessments to Identify vulnerabilities and potential threats that may impact its assets and operations. Its cybersecurity program team tested SynthiTech's ICT system from the viewpoint of a threat source and identified potential failures in the IC1 system protection scheme. I hey also collaborated with other divisions to assess the impact and likelihood of risk and developed appropriate risk mitigation strategies. Then, the team implemented security controls, such as firewalls, Intrusion detection systems, and encryption, to ensure protection against the Identified risks. The activities of the risk treatment plan to be undertaken were ranked based on the level of risk and urgency of the treatment.

The company recognizes that effective risk management is an ongoing process and ensures monitoring, evaluation, and continual improvement of the cybersecunty program to adapt to security challenges and technological advancements.

Based on the scenario above, answer the following question:

Based on scenario 4, were the activities of the risk treatment plan to be undertaken ranked appropriately?

Yes, they were ranked based on priority
No, they should be ranked based on the time required for their completion
No, they should be ranked based on their complexity

Answer(s): A

Explanation:

In risk management, particularly when developing and implementing a risk treatment plan, it is crucial to rank activities based on priority. Prioritizing tasks ensures that the most critical risks are addressed first, thereby minimizing potential impacts on the organization. By ranking activities based on priority, an organization can allocate resources effectively, ensuring that high-risk issues are mitigated promptly.

Reference:

ISO/IEC 27005:2018 - This standard provides guidelines for information security risk management, emphasizing the importance of prioritizing risk treatment activities based on the level of risk and potential impact on the organization.

NIST SP 800-39 - This publication discusses the prioritization of risk management activities, focusing on addressing the highest risks first to protect organizational assets effectively.

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