CRISC Exam Dumps - Certified in Risk and Information Systems Control

 The best recommendation to address the situation where personal information from the production environment is required for testing purposes in non-production environments is to de-identify data before being transferred to the test environment. De-identification is the process of removing or modifying any personally identifiable information (PII) or other sensitive data from the data sets, such as names, addresses, phone numbers, email addresses, etc., so that the data cannot be traced back to specific individuals. De-identification protects the privacy and confidentiality of the data, while still allowing for testing, analysis, or training purposes. Enabling data encryption, preventing the use of production data, and enforcing multi-factor authentication are also useful measures, but they do not eliminate the risk of data breaches or unauthorized access to PII. References = Risk and Information Systems Control Study Manual, Chapter 3, Section 3.3.1, page 3-21.

Reporting risk assessment results to senior management is an essential part of risk communication, which is the process of sharing relevant and timely information about the risk exposure and risk management activities with the stakeholders. The most important benefit of reporting risk assessment results to senior management is to facilitate risk-aware decision making, which is the process of incorporating the risk information and analysis into the strategic and operational decisions of the organization. By reporting the risk assessment results, the risk practitioner can provide senior management with the insight and understanding of the current and potential risks, their likelihood and impact, their interrelationships and dependencies, and their alignment with the risk appetite and tolerance. This can help senior management to prioritize the risks, allocate the resources, select the risk responses, monitor the risk performance, and evaluate the risk outcomes. References = CRISC Review Manual, 7th Edition, page 105.

The control owner is the person who is responsible for ensuring that the control is designed to effectively address risk. The control owner is also responsible for implementing, operating, monitoring, and maintaining the control. The control owner should ensure that the control is aligned with the risk owner’s risk appetite and tolerance, and that the control is periodically reviewed and updated to reflect changes in the risk environment. The risk manager, the control tester, and the risk owner are not directly responsible for the design of the control, although they may provide input, feedback, or approval. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.3.2, page 1-15.

An IT risk register is a document that records the identified IT risks, their analysis, and their responses. It is a useful tool for managing and communicating the IT risks throughout the project or the organization. The most important factor for maintaining the effectiveness of an IT risk register is to perform regular reviews and updates to the register, meaning that the risk practitioner should periodically check and revise the risk register to reflect the changes in the IT risk environment, the project status, or the organization’s objectives. Performing regular reviews and updates to the register can help to ensure that the risk register is accurate, complete, and current, and that it provides relevant and reliable information for the risk management decision making and actions. Performing regular reviews and updates to the register can also help to identify any new or emerging IT risks, as well as to monitor and report on the IT risk performance and improvement. References = Risk and Information Systems Control Study Manual, Chapter 3, Section 3.2.1, p. 106-107

Before assigning sensitivity levels to information, it is most important to define the information classification policy. The information classification policy is a document that establishes the criteria, categories, roles, responsibilities, and procedures for classifying information according to its sensitivity, value, and criticality. The information classification policy provides the basis, guidance, and consistency for assigning sensitivity levels to information, and ensures that the information is protected and handled appropriately. The other options are not as important as defining the information classification policy, as they are related to the specific steps, activities, or outputs of the information classification process, not the overall structure and quality of the information classification process. References = Risk and Information Systems Control Study Manual, Chapter 4: Risk and Control Monitoring and Reporting, Section 4.4: Key Control Indicators, page 211.

The best way to ensure adequate resources will be allocated to manage identified risk is to assign risk ownership to appropriate roles. Risk ownership is the process of assigning the authority and responsibility to manage a specific risk or a group of related risks to a person or entity. Risk ownership helps to ensure adequate resources for managing risk, because it helps to define and clarify the roles and responsibilities of the risk owners, and to establish and enforce the expectations and standards for the risk owners. Risk ownership also helps to measure and evaluate the effectiveness and efficiency of the risk owners, and to identify and address any issues or gaps in the risk management activities. The other options are not as effective as assigning risk ownership to appropriate roles, although they may be related to the risk management process. Prioritizing risk within each business unit, reviewing risk ranking methodology, and promoting an organizational culture of risk awareness are all activities that can help to support or improve the risk management process, but they do not necessarily ensure adequate resources for managing risk. References = Risk and Information Systems Control Study Manual, Chapter 2, Section 2.2.1, page 2-11.

The greatest concern for a risk practitioner when process documentation is incomplete is the inability to identify the risk owner. The risk owner is the person or entity that has the authority and responsibility to manage a specific risk or a group of related risks. The risk owner helps to identify, assess, and respond to the risks, and to monitor and report on the risk performance and improvement. The risk owner also helps to communicate and coordinate the risk management activities with the relevant stakeholders, such as the board, management, business units, and IT functions. The risk owner is usually identified in the process documentation, which describes the roles, responsibilities, procedures, and resources for each process. The inability to identify the risk owner is a major concern for the risk practitioner, because it may affect the accountability, transparency, and effectiveness of the risk management process, and may lead to confusion, conflicts, or gaps in the risk management activities. The other options are not as concerning as the inability to identify the risk owner, although they may also pose some difficulties or limitations for the risk management process. Inability to allocate resources efficiently, inability to complete the risk register, and inability to identify process experts are all factors that could affect the quality and timeliness of the risk management process, but they do not necessarily affect the authority and responsibility of the risk management process. References = Risk and Information Systems Control Study Manual, Chapter 2, Section 2.2.1, page 2-11.

 A risk heat map is a graphical tool that displays the risk events in a matrix based on their likelihood and impact. Risk events that are coded with the same color will have a similar risk likelihood, which is the probability or frequency of occurrence of a risk event. Risk score, risk impact, and risk response are other possible attributes of risk events, but they are not represented by the color coding in a risk heat map. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 7; CRISC Review Manual, 6th Edition, page 202.