Pass Exam With Full Sureness – CRISC Dumps with 1725 Questions [Q555-Q578]

5/5 - (2 votes)

Pass Exam With Full Sureness – CRISC Dumps with 1725 Questions

Verified CRISC dumps Q&As – 100% Pass from PassLeaderVCE

ISACA CRISC (Certified in Risk and Information Systems Control) certification exam is designed to test an individual’s knowledge of risk management and information systems control. Certified in Risk and Information Systems Control certification is highly sought after by professionals who want to demonstrate their ability to identify, assess, and evaluate risks to their organization’s information systems. CRISC exam covers four domains: risk identification, assessment, response, and monitoring.

The Certified in Risk and Information Systems Control (CRISC) certification exam is a globally recognized certification for professionals in the field of information systems and security. Certified in Risk and Information Systems Control certification is provided by ISACA (Information Systems Audit and Control Association), a non-profit organization that provides education and certification to professionals in the field of information technology and security.

NO.555 Which of the following is MOST effective in continuous risk management process improvement?

Periodic assessments

Change management

Awareness training

Policy updates

NO.556 A risk assessment has revealed that the probability of a successful cybersecurity attack is increasing. The potential loss could exceed the organization’s risk appetite. Which of the following ould be the MOST effective course of action?

Re-evaluate the organization’s risk appetite.

Outsource the cybersecurity function.

Purchase cybersecurity insurance.

Review cybersecurity incident response procedures.

NO.557 Which of the following is the MAIN benefit to an organization using key risk indicators (KRIs)?

KRIs assist in the preparation of the organization’s risk profile.

KRIs signal that a change in the control environment has occurred.

KRIs provide a basis to set the risk appetite for an organization

KRIs provide an early warning that a risk threshold is about to be reached.

NO.558 Which of the following should be a risk practitioner’s NEXT action after identifying a high probability of data loss in a system?

Conduct a control assessment.

Purchase cyber insurance from a third party.

Increase the frequency of incident reporting.

Enhance the security awareness program.

NO.559 Which of the following should be the GREATEST concern to a risk practitioner when process documentation
is incomplete?

Inability to allocate resources efficiently

Inability to identify the risk owner

Inability to complete the risk register

Inability to identify process experts

NO.560 The MAIN goal of the risk analysis process is to determine the:

potential severity of impact

frequency and magnitude of loss

control deficiencies

threats and vulnerabilities

NO.561 Which of the following decision tree nodes have probability attached to their branches?

Root node

Event node

End node

Decision node

NO.562 Which of the following is the MOST important input when developing risk scenarios?

Key performance indicators

Business objectives

The organization’s risk framework

Risk appetite

NO.563 Which of the following presents the GREATEST security risk associated with Internet of Things (IoT)
technology?

The inability to monitor via network management solutions

The lack of relevant IoT security frameworks to guide the risk assessment process

The heightened level of IoT threats via the widespread use of smart devices

The lack of updates for vulnerable firmware

NO.564 Who should be responsible for strategic decisions on risk management?

Chief information officer (CIO)

Executive management team

Audit committee

Business process owner

Strategic decisions on risk management are the decisions that involve setting the direction, objectives, and priorities for risk management within an organization, as well as aligning them with the organization’s overall strategy, vision, and mission1. Strategic decisions on risk management also involve defining the organization’ s risk appetite and tolerance, which are the amount and level of risk that the organization is willing and able to accept to achieve its goals2. The responsibility for strategic decisions on risk management should belong to the executive management team, which is the group of senior leaders who have the authority and accountability for the organization’s performance and governance3. The executive management team has the best understanding of the organization’s strategic context, environment, and stakeholders, and can make informed and balanced decisions that consider the benefits and costs of risk-taking4. The executive management team also has the ability and responsibility to communicate and cascade the strategic decisions on risk management to the rest of the organization, and to monitor and evaluate their implementation and outcomes5. The chief information officer (CIO), the audit committee, and the business process owner are not the best choices for being responsible for strategic decisions on risk management, as they do not have the same level of authority and accountability as the executive management team. The CIO is the senior leader who oversees the organization’s information andtechnology strategy, resources, and systems6. The CIO may be involved in providing input and feedback to the executive management team on the strategic decisions on risk management, especially those related to IT risk, but they do not have the final say or the overall responsibility for them. The audit committee is a subcommittee of the board of directors that oversees the organization’s financial reporting, internal controls, and external audits7. The audit committee may be involved in reviewing and approving the strategic decisions on risk management, as well as ensuring their compliance with the relevant laws and standards, but they do not have the authority or the expertise to make or implement them. The business process owner is the person who has the authority and accountability for a business process that supports or enables the organization’s objectives and functions. The business process owner may be involved in executing and reporting on the strategic decisions on risk management, as well as identifying and mitigating the risks related to their business process, but they do not have the perspective or the influence to make or communicate them. References = 1: Strategic Risk Management: Complete Overview (With Examples)2: [Risk Appetite and Tolerance – ISACA] 3: [Senior Management – Definition, Roles andResponsibilities] 4: Stanford Strategic Decision and Risk Management | Stanford Online5: A 7-Step Process for Strategic Risk Management – RiskOptics – Reciprocity6: [Chief Information Officer (CIO) – Gartner ITGlossary] 7: [Audit Committee – Overview, Functions, and Responsibilities] : [Business Process Owner – Gartner IT Glossary] : [Business Process Owner – Roles and Responsibilities] : [Risk and Information Systems Control Study Manual, Chapter 1: IT Risk Identification, Section 1.1: IT Risk Concepts, pp. 17-19.]

NO.565 A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

Transference

Mitigation

Avoidance

Exploit

Explanation:
When you are hiring a third party to own risk, it is known as transference risk response. Risk transfer means that impact of risk is reduced by transferring or otherwise sharing a portion of the risk with an external organization or another internal entity. Transfer of risk can occur in many forms but is most effective when dealing with financial risks. Insurance is one form of risk transfer.

is incorrect. The act of spending money to reduce a risk probability and impact is known as mitigation.

is incorrect. Exploit is a strategy that may be selected for risks with positive impacts
where the organization wishes to ensure that the opportunity is realized.

NO.566 Which of the following is MOST effective in continuous risk management process improvement?

Periodic assessments

Change management

Awareness training

Policy updates

NO.567 A risk practitioner is concerned with potential data loss in the event of a breach at a hosted third-party provider. Which of the following is the BEST way to mitigate this risk?

Include an indemnification clause in the provider’s contract.

Monitor provider performance against service level agreements (SLAs).

Purchase cyber insurance to protect against data breaches.

Ensure appropriate security controls are in place through independent audits.

NO.568 IT stakeholders have asked a risk practitioner for IT risk profile reports associated with specific departments to allocate resources for risk mitigation. The BEST way to address this request would be to use?

historical risk assessments

key risk indicators (KRIs)

the cost associated with each control

information from the risk register

NO.569 Which of the following is the FIRST step in managing the security risk associated with wearable technology in the workplace?

Develop risk awareness training

Monitor employee usage

Identify the potential risk

Assess the potential risk

NO.570 A risk practitioner’s BEST guidance to help an organization develop relevant risk scenarios is to ensure the scenarios are:

based on industry trends.

mapped to incident response plans.

related to probable events.

aligned with risk management capabilities.

NO.571 Which of the following is the MAIN reason for analyzing risk scenarios?

Identifying additional risk scenarios

Updating the heat map

Assessing loss expectancy

Establishing a risk appetite

NO.572 The MOST significant benefit of using a consistent risk ranking methodology across an organization is that it enables:

allocation of available resources

clear understanding of risk levels

assignment of risk to the appropriate owners

risk to be expressed in quantifiable terms

NO.573 Which of the following provides the MOST reliable evidence of a control’s effectiveness?

A risk and control self-assessment

Senior management’s attestation

A system-generated testing report

detailed process walk-through

NO.574 An organization is planning to engage a cloud-based service provider for some of its data-intensive business processes. Which of the following is MOST important to help define the IT risk associated with this outsourcing activity?

Service level agreement

Customer service reviews

Scope of services provided

Right to audit the provider

NO.575 A department allows multiple users to perform maintenance on a system using a single set of credentials. A risk practitioner determined this practice to be high-risk. Which of the following is the MOST effective way to mitigate this risk?

Single sign-on

Audit trail review

Multi-factor authentication

Data encryption at rest

NO.576 Which of the following role carriers are responsible for setting up the risk governance process, establishing and maintaining a common risk view, making risk-aware business decisions, and setting the enterprise’s risk culture?
Each correct answer represents a complete solution. Choose two.

Senior management

Chief financial officer (CFO)

Human resources (HR)

Board of directors

Explanation:
The board of directors and senior management has the responsibility to set up the risk governance process, establish and maintain a common risk view, make risk-aware business decisions, and set the enterprise’s risk culture.

NO.577 Which of the following is the BEST way to mitigate the risk associated with fraudulent use of an enterprise’s brand on Internet sites?

Utilizing data loss prevention (DLP) technology

Monitoring the enterprise’s use of the Internet

Scanning the Internet to search for unauthorized usage

Developing training and awareness campaigns

NO.578 Which of the following is the BEST way to validate whether controls to reduce user device vulnerabilities have been implemented according to management’s action plan?

Survey device owners.

Rescan the user environment.

Require annual end user policy acceptance.

Review awareness training assessment results