CRISC Exam Dumps - Certified in Risk and Information Systems Control

The most comprehensive information for developing a risk profile for a system is the risk assessment results. A risk assessment is a process that identifies, analyzes, and evaluates the risks that could affect the system’s objectives or operations. A risk assessment provides comprehensive information for developing a risk profile, because it helps to determine the likelihood and impact of the risks, and to prioritize them based on their severity and relevance. Arisk assessment also helps to select the most appropriate and effective controls to minimize the risks, such as avoiding, reducing, transferring, or accepting the risks. A risk profile is a document that summarizes the key risks that the system faces or accepts, and their likelihood, impact, and priority. A risk profile helps to identify and prioritize the most critical or relevant risks, and to align them with the system’s objectives, strategy, and risk appetite. The other options are not as comprehensive as the risk assessment results, although they may be part of or derived from the risk profile. Results of a business impact analysis (BIA), a mapping of resources to business processes, and key performance indicators (KPIs) are all factors that could affect the system’s performance and improvement, but they do not necessarily identify, analyze, or evaluate the risks that could affect the system. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.2.1, page 4-13.

 The primary objective for requiring an independent review of an organization’s IT risk management process should be to assess gaps in IT risk management operations and strategicfocus, as this helps to identify the strengths and weaknesses of the current process, and to provide recommendations for improvement and alignment with the enterprise’s objectives and environment. An independent review is an objective and unbiased evaluation of the IT risk management process by a qualified and competent party that is not involved in the process. An independent review can help to ensure the quality, effectiveness, and efficiency of the IT risk management process, as well as to enhance the credibility and confidence of the process. Confirming that IT risk assessment results are expressed as business impact, verifying implemented controls to reduce the likelihood of threat materialization, and ensuring IT risk management is focused on mitigating potential risk are not the primary objectives for requiring an independent review of an organization’s IT risk management process, but rather the expected outcomes or benefits of the independent review. References = CRISC Certified in Risk and Information Systems Control – Question219; ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 219.

Social engineering attacks are attempts to manipulate or deceive people into revealing confidential or personal information, such as passwords, account numbers, or security codes. Customer service representatives are often targeted by social engineering attacks, as they have access to sensitive customer data and may be pressured to provide quick and satisfactory service. Therefore, it is most important to include in a risk awareness training session for the customer service department how to identify and prevent social engineering attacks, such as phishing, vishing, baiting, or impersonation.

References

•The role of customer service in cybersecurity - Security Intelligence

•How to Improve Risk Awareness in the Workplace [+ Template] - AlertMedia

•Top 4 Risks For Customer Service Teams | Resolver

The primary reason to update a risk register with risk assessment results is to communicate the level and priority of assessed risk to management, as this enables them to make informed decisions about risk response and allocation of resources. The risk register is a tool for documenting and reporting the current status of risks, their causes, impacts, likelihood, and responses. Updating the risk register with risk assessment results ensures that the information is accurate, relevant, and timely. The risk register also helps to monitor and track the progress and effectiveness of risk management activities. The other options are not the primary reasons to update the risk register, although they may be secondary benefits or outcomes of doing so. References = Risk and Information Systems Control Study Manual, Chapter 3: IT Risk Assessment, page 109.

 The first step when conducting a business impact analysis (BIA) is identifying critical information assets. A BIA is a process of analyzing the potential impacts of disruptive events on the business processes,functions, and resources. A BIA identifies the criticality, dependencies, recovery priorities, and recovery objectives of the business processes, and quantifies the financial and non-financial impacts of disruption. Information assets are the data, information, and knowledge that are essential for the operation and performance of the business processes. Identifying critical information assets is the first step of the BIA, as it helps to determine which information assets are vital for the continuity and recovery of the business processes, and whichinformation assets are most vulnerable or exposed to the disruptive events. Identifying critical information assets also helps to scope and focus the BIA on the most important and relevant information assets, and to avoid unnecessary or redundant analysis. Identifying events impacting continuity of operations, creating a data classification scheme, and analyzing previous risk assessment results are not the first steps of the BIA, as they are either the inputs or the outputs of the BIA, and they depend on the identification of critical information assets. References = CRISC Review Manual, 6th Edition, ISACA, 2015, page 130.

 Risk scenarios are hypothetical situations that describe potential events or actions that could affect the achievement of enterprise objectives. The design of relevant risk scenarios should consider the following factors: the risk appetite and tolerance of the enterprise, the key risk indicators and risk drivers, the potential impact and likelihood of the scenarios, and the alignment with the risk management capabilities of the enterprise. The scenarios should be realistic, plausible, and consistent with the enterprise’s context and objectives. The scenarios should also be reviewed and updated periodically to reflect changes in the internal and external environment. The alignment with the risk management capabilities is the most critical factor, as it ensures that the scenarios are relevant for the decision making and risk response processes of the enterprise. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 2, Section 2.3.3.2, pp. 67-69.

The best indication that key risk indicators (KRIs) should be revised is a decrease in the number of critical assets covered by risk thresholds. KRIs are metrics that provide information on the level of exposure to a given risk. Risk thresholds are the predefined values or ranges that indicate the acceptable or unacceptable level of risk exposure. Critical assets are the assets that are essential or vital for the achievement of the objectives or the continuity of the operations. A decrease in the number of critical assets covered by risk thresholds means that the KRIs are not capturing or reflecting the current and relevant risk exposure of the organization, and that they may not provide sufficient or accurate information for risk management decisions. Therefore, the KRIs should be revised to ensure that they cover all the critical assets and their risk thresholds.The other options are not as indicative as a decrease in the number of critical assets covered by risk thresholds, as they are related to the outcomes, impacts, or activities of the KRIs, not thescope or quality of the KRIs. References = Risk and Information Systems Control Study Manual, Chapter 4: Risk and Control Monitoring and Reporting, Section 4.2: Key Performance Indicators, page 183.

For closed risks, documented proof that controls are in place and working (e.g., logs, test results) is vital. ISACA’s CRISC Manual emphasizes that evidence is required to validate control effectiveness and support audit requirements