Lead-Cybersecurity-Manager Exam Dumps - ISO/IEC 27032 Lead Cybersecurity Manager
Scenario 4:SynthiTech is ahuge global Technology company thatprovides 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 loensureoperational 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 wasregularlyupdated 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 therisk 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 type of organizational structure did SynthiTech adopt?
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?
Scenario 7:Established in 2005 in Arizona, the US. Hitec is one of The leading online retail companies. It Is especially known for electronic devices, such as televisions, telephones, and laptops. Hitec strives to continually enhance customer satisfaction and optimize its technology platforms and applications. the company's website and mobile application provide a range of features designed to simplify the online shopping experience, including customized product recommendations and a user-friendly search engine. The system enables customers to easily track the progress of their orders made through any of Hitec's platforms, in addition. Hitec employs a comprehensive customer management system to collect and manage customer information, including payment history, order details, and individual preferences.
Recently. Hitec had to deal with a serious cybersecurity incident that resulted in a data breach. Following numerous customer complaints about the malfunctioning of the ordering system. Hitec's engineers initiated an investigation into their network. The investigation unveiled multiple instances of unauthorized access by two distinct attackers. They gamed access sensitive customer information, such as credit card numbers and login credentials. Instead of promptly sharing information about the detected threats with other companies in the cybersecurity alliance and asking for help, Hitec chose to rely solely on its own detection and response capabilities. After resolving the incident, the company publicly acknowledged falling victim to a data breach. However, it refrained from disclosing specific details regarding the impact it had on its customers
Two weeks after the cyberattack, another retail company, Buyent, made an announcement regarding their successful prevention of a similar data breach unlike Hitec. Buyent took a transparent approach by providing detailed insights into the attacker's methods and the step-by-step procedures they employed to mitigate the attack. As both companies were part of the same cybersecurity alliance, Buyent willingly shared the requested information in accordance with their established information sharing and coordination framework, ensuring that any personal data shared was processed in a manner that prevented direct attribution to specific data subjects. This Involved utilizing additional information, which was kepi separately and secured through technical and organizational measures.
To ensure secure transmission. Buyent sent links that required a password for access, protecting the encrypted files sent to Hitec These files included comprehensive guidelines and approaches adopted hy Buyent to effectively detect and respond to cybersecurity events.
Upon careful analysis of the provided Information. Hitec concluded that their previous attack was primarily attributed to weaknesses in their detection capabilities in response. Hitec made strategic changes to their procedures. They implemented the utilization of Darknet as a technical approach to detect suspicious and malicious network activities. Furthermore, Hitec established a new security policy which required regular network and system testing By implementing these controls. Hilec aimed tostrengthen Us ability to identify system vulnerabilities and threats, thereby boosting the overall cybersecurity defense.
Lastly, Hitec decided to contract a training provider to conduct cybersecurity training for its employees. They agreed to provide a training session that covered essential cybersecurity practices applicable to all staff, regardless of their roles within the company As the agreed upon training date approached, the training provider requested the necessary documentation from Hitec. Including the cybersecurity policy and specific examples related to the practices or guidelines employed by the company. After Hitec did not deliver the requested resources, the training provider refused to conduct the training session.
Based on the scenario above, answer the following question:
Based on scenario 7, what method did Buyent use to ensure secure file sharing when transmitting information to Hitec?
EuroDart considersfactors such as modems and faulty operations when maintaining documented Information regarding its cybersecurity practices. Is this a good practice?
Scenario 2:Euro Tech Solutions Is a leading technology company operating in Europe that specializes In providing Innovative IT solutions With a strong reputation for reliability and excellence. EuroTech Solutions offers a range of services, including software development, cloud computing, and IT consulting. The company is dedicated to delivering cutting-edge technology solutions that drive digital transformation and enhance operational efficiency for its clients.
Recently, the company was subject to a cyberattack that significantly impeded its operations and negatively impacted Its reputation. The cyberattack resulted in a major data breach, where the customers' data and sensitive Information ware leaked. As such, EuroTech Solutions identified the need to improve its cybersecurity measures and decided 1o implement o comprehensive cybersecurity program.
EuroTech Solutions decided to use ISO.'I EC 27032 and the NIST Cybersecurity Framework as references and incorporate their principles and recommendations into its cybersecurity program. The company decided to rapidly implement the cybersecurity program by adhering to the guidelines of these two standards, and proceed with continual improvement (hereafter.
Initially, the company conducted a comprehensive analysis of its strengths, weaknesses, opportunities, and threats to evaluate its cybersecurity measures. This analysis helped the company to identify the desired stale of its cybersecurity controls. Then, it identified the processes and cybersecurity controls that are in place, and conducted a gap analysis to effectively determine the gap between the desired state and current state of the cybersecurity controls. The cybersecurity program included business and IT-related functions and was separated into three phases
1. Cybersecurity program and governance
2. Security operations and incident response
3. Testing, monitoring, and improvement
With this program, the company aimedto strengthen the resilience ofthe digital infrastructure through advanced threat detection, real time monitoring, and proactive incident response. Additionally, it decided to droit a comprehensive and clear cybersecurity policy as part of its overall cybersecurity program The drafting process involved conducting a thorough research and analysis of existing cybersecurity frameworks Once the initial draft was prepared, the policy was reviewed, and then approved by senior management. After finalizing the cybersecurity policy, EuroTech Solutions took a proactive approach to its initial publication. The policy was communicated to all employees through various channels, including internal communications, employee training sessions, and the company's intranet network.
Based on the scenario above, answer the following question
Which of the following approaches did Euro Tech Solutions use 10 analyse usecontext? Refer to scenario2?
Scenario 2:Euro Tech Solutions Is a leading technology company operating in Europe that specializes In providing Innovative IT solutions With a strong reputation for reliability and excellence. EuroTech Solutions offers a range of services, including software development, cloud computing, and IT consulting. The company is dedicated to delivering cutting-edge technology solutions that drive digital transformation and enhance operational efficiency for its clients.
Recently, the company was subject to a cyberattack that significantly impeded its operations and negatively impacted Its reputation. The cyberattack resulted in a major data breach, where the customers' data and sensitive Information ware leaked. As such, EuroTech Solutions identified the need to improve its cybersecurity measures and decided 1o implement o comprehensive cybersecurity program.
EuroTech Solutions decided to use ISO.'I EC 27032 and the NIST Cybersecurity Framework as references and incorporate their principles and recommendations into its cybersecurity program. The company decided to rapidly implement the cybersecurity program by adhering to the guidelines of these two standards, and proceed with continual improvement (hereafter.
Initially, the company conducted a comprehensive analysis of its strengths, weaknesses, opportunities, and threats to evaluate its cybersecurity measures. This analysis helped the company to identify the desired stale of its cybersecurity controls. Then, it identified the processes and cybersecurity controls that are in place, and conducted a gap analysis to effectively determine the gap between the desired state and current state of the cybersecurity controls. The cybersecurity program included business and IT-related functions and was separated into three phases
1. Cybersecurity program and governance
2. Security operations and incident response
3. Testing, monitoring, and improvement
With this program, the company aimedto strengthen the resilience ofthe digital infrastructure through advanced threat detection, real time monitoring, and proactive incident response. Additionally, it decided to droit a comprehensive and clear cybersecurity policy as part of its overall cybersecurity program The drafting process involved conducting a thorough research and analysis of existing cybersecurity frameworks Once the initial draft was prepared, the policy was reviewed, and then approved by senior management. After finalizing the cybersecurity policy, EuroTech Solutions took a proactive approach to its initial publication. The policy was communicated to all employees through various channels, including internal communications, employee training sessions, and the company's intranet network.
Based on the scenario above, answer the following question
Based on scenario 2. the cybersecurity policy was approved by senior management. Is this appropriate?
Scenario 6:Finelits. a South Carolina-based banking institution in the US, Is dedicated 10 providing comprehensive financial management solutions for both individuals and businesses. With a strong focus on leveraging financial technology innovations, Finelits strives to provide its clients with convenient access to their financial needs. To do so. the company offers a range of services. Firstly, it operates a network of physical branches across strategic locations, facilitates banking transactions, and provides basic financial services to Individuals who may not have easy access to a branch Through its diverse service offerings. Finelits aims to deliver exceptional banking services, ensuring financial stability and empowerment for its clients across the US.
Recently, Vera, an employee at Finelits, was passed over for a promotion. Feeling undervalued, Vera decided to take malicious actions to harm the company's reputation and gain unrestricted access to its sensitive information. To do so. Vera decided to collaborate with a former colleague who used lo work for Finelits's software development team. Vera provided the former colleague with valuable information about the Finelils's security protocols, which allowed the former colleague to gain access and introduce a backdoor into one of the company's critical software systems during a routine update. This backdoor allowed the attacker to bypass normal authentication measures and gain unrestricted access to the private network. Vera and the former employee aimed to attack Finelits's systems by altering transactions records, account balances, and investments portfolios. Their actions were carefully calculated to skew financial outcomes and mislead both the hank and Its customers by creating false financial statements, misleading reports, and inaccurate calculations.
After receiving numerous complaints from clients, reporting that they are being redirected to another site when attempting to log into their banking accounts on Finelits's web application, the company became aware of the issue. After taking immediate measures, conducting a thorough forensic analysis and collaborating with external cybersecurity experts, Finelits's Incident response team successfully identified the root cause of the incident. They were able to trace the intrusion back to the attackers, who had exploited vulnerabilities in the bank's system and utilized sophisticated techniques to compromise data integrity
The incident response team swiftly addressed the issue by restoring compromised data, enhancing security, and implementing preventative measures These measures encompassed new access controls, network segmentation, regular security audits, the testing and application of patches frequently, and the clear definition of personnel privileges within their roles for effective authorization management.
Based on the scenario above, answer the following question:
What type of attack did Vera and the former employee perform' Refer to scenario6?
Scenario 6:Finelits. a South Carolina-based banking institution in the US, Is dedicated 10 providing comprehensive financial management solutions for both individuals and businesses. With a strong focus on leveraging financial technology innovations, Finelits strives to provide its clients with convenient access to their financial needs. To do so. the company offers a range of services. Firstly, it operates anetwork of physical branches across strategic locations, facilitates banking transactions, and provides basic financial services to Individuals who may not have easy access to a branch Through its diverse service offerings. Finelits aims to deliver exceptional banking services, ensuring financial stability and empowerment for its clients across the US.
Recently, Vera, an employee at Finelits, was passed over for a promotion. Feeling undervalued, Vera decided to take malicious actions to harm the company's reputation and gain unrestricted access to its sensitive information. To do so. Vera decided to collaborate with a former colleague who used lo work for Finelits's software development team. Vera provided the former colleague with valuable information about the Finelils's security protocols, which allowed the former colleague to gain access and introduce a backdoor into one of the company's critical software systems during a routine update. This backdoor allowed the attacker to bypass normal authentication measures and gain unrestricted access to the private network. Vera and the former employee aimed to attack Finelits's systems by altering transactions records, account balances, and investments portfolios. Their actions were carefully calculated to skew financial outcomes and mislead both the hank and Its customers by creating false financial statements, misleading reports, and inaccurate calculations.
After receiving numerous complaints from clients, reporting that they are being redirected to another site when attempting to log into their banking accounts on Finelits's web application, the company became aware of the issue. After taking immediate measures, conducting a thorough forensic analysis and collaborating with external cybersecurity experts, Finelits's Incident response team successfully identified the root cause of the incident. They were able to trace the intrusion back to the attackers, who had exploited vulnerabilities in the bank's system and utilized sophisticated techniques to compromise data integrity
The incident response team swiftly addressed the issue by restoring compromised data, enhancing security, and implementing preventative measures These measures encompassed new access controls, network segmentation, regular security audits, the testing and application of patches frequently, and the clear definition of personnel privileges within their roles for effective authorization management.
Based on the scenario above, answer the following question:
From which of the following networks did the attack occur?
What is the first step thatshould be taken to manage IT outsourcing partnership'
Scenario 8:FindaxLabs is a financial institution that offers money transfers services globally The company Is known for quick money transfers at a low cost. To transfer money, users register with their email addresses and submit a photo of their ID card for identity verification. They also need to provide the recipient s bank account details alongside their own bank account details. Users can track the transfer through their accounts, either from the website or mobile app. As the company operates in a highly sensitive industry, it recognizes the importance of ensuring cybersecurity. As such, FindaxLabs has addressed its cybersecurity concerns through its business continuity plan.
Nevertheless, a few months ago, FindaxLabs detected suspicious activity on its network and realized that it was being attacked The attackers tried to gain access to customer information. Including emails,bank account numbers, and records of financial transactions. Upon receiving the alert, the incident response team responded swiftly Following the ICT readiness for business continuity (IRBC) policy and procedures, they immediately took down the communication channels to the server and went offline. Subsequently, they conducted vulnerability testing and network scanning, but did not identify any other backdoors. After dodging this attack, the company completely changed its approach toward cyber threats. Consequently, cybersecurity became one of their highest priorities.
FindaxLabs established a more comprehensive cybersecurity incident management plan based on its cybersecurity Incident management policy 10 effectively handle and mitigate future incidents and vulnerabilities. The cybersecurity incident management plan outlined a structured approach based on industry best practices and included various phases of the incident response process
The company also created a post-incident report to evaluate the effectiveness of their response capabilities and identify areas for improvement It documented all relevant information related to the incident, such as category, priority, status, and actions taken to resolve it Based on this documentation, it defined the IRBC activities that helped them respond to and recover from disruptions, creating an IRBC timeline. The timeline consisted of three main stages: incident detection, response, and recovery. The company evaluated whether IRBC objectives were met for each phase. Through this evaluation, they determined that improved collaboration between business managers and ICT staff, as well as the implementation of preventive measures such as antivirus and firewalls, would have provided layered protection and better integration of cybersecurity into the business continuity strategy.
Based on the scenario above, answer the following question:
Based on scenario 8, has FindaxLabs completed the "Do" phase of the Plan-Do-Check-Act cycle In IRBC?
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 scenario4
Scenario 7:Established in 2005 in Arizona, the US. Hitec is one of The leading online retail companies. It Is especially known for electronic devices, such as televisions, telephones, and laptops. Hitec strives to continually enhance customer satisfaction and optimize its technology platforms and applications. the company's website and mobile application provide a range of features designed to simplify the online shopping experience, including customized product recommendations and a user-friendly search engine. The system enables customers to easily track the progress of their orders made through any of Hitec's platforms, in addition. Hitec employs a comprehensive customer management system to collect and manage customer information, including payment history, order details, and individual preferences.
Recently. Hitec had to deal with a serious cybersecurity incident that resulted in a data breach. Following numerous customer complaints about the malfunctioning of the ordering system. Hitec's engineers initiated an investigation into their network. The investigation unveiled multiple instances ofunauthorized access by two distinct attackers. They gamed access sensitive customer information, such as credit card numbers and login credentials. Instead of promptly sharing information about the detected threats with other companies in the cybersecurity alliance and asking for help, Hitec chose to rely solely on its own detection and response capabilities. After resolving the incident, the company publicly acknowledged falling victim to a data breach. However, it refrained from disclosing specific details regarding the impact it had on its customers
Two weeks after the cyberattack, another retail company, Buyent, made an announcement regarding their successful prevention of a similar data breach unlike Hitec. Buyent took a transparent approach by providing detailed insights into the attacker's methods and the step-by-step procedures they employed to mitigate the attack. As both companies were part of the same cybersecurity alliance, Buyent willingly shared the requested information in accordance with their established information sharing and coordination framework, ensuring that any personal data shared was processed in a manner that prevented direct attribution to specific data subjects. This Involved utilizing additional information, which was kepi separately and secured through technical and organizational measures.
To ensure secure transmission. Buyent sent links that required a password for access, protecting the encrypted files sent to Hitec These files included comprehensive guidelines and approaches adopted hy Buyent to effectively detect and respond to cybersecurity events.
Upon careful analysis of the provided Information. Hitec concluded that their previous attack was primarily attributed to weaknesses in their detection capabilities in response. Hitec made strategic changes to their procedures. They implemented the utilization of Darknet as a technical approach to detect suspicious and malicious network activities. Furthermore, Hitec established a new security policy which required regular network and system testing By implementing these controls. Hilec aimed to strengthen Us ability to identify system vulnerabilities and threats, thereby boosting the overall cybersecurity defense.
Lastly, Hitec decided to contract a training provider to conduct cybersecurity training for its employees. They agreed to provide a training session that covered essential cybersecurity practices applicable to all staff, regardless of their roles within the company As the agreed upon training date approached, the training provider requested the necessary documentation from Hitec. Including the cybersecurity policy and specific examples related to the practices or guidelines employed by the company. After Hitec did not deliver the requested resources, the training provider refused to conduct the training session.
Based on the scenario above, answer the following question:
Did Buyent adequately protect its confidential information prior to sharing it with HitecRefer to scenario 7.
Scenario 5:Pilotron is a large manufacturer known for its electric vehicles that use renewable energy. One of Its objectives Is 10 make the world a cleaner place by reducing the consumption of fossil fuels. In addition to electric vehicles, Pilotron also offers solar roof and advanced battery technology, all manufactured at its factory in Bastogne. Belgium. As one of the most Innovative manufacturers in Europe, Pilotron invests heavily in research and development to create unique components, such as motors, sensors, and batteries. In addillon, it places a strong emphasis on delivering high-quality products, and requires all employees to undergo an intensive onboarding program that includes hands-on training.
Pilotron did not prioritize the establishment of a cybersecurity program to protect its information. This became evident when a frustrated employee took advantage of the company's lack of cybersecurity measures. The employee was aware that Pilotron's existing security measures could easily be evaded The company became aware of the incident after five weeks, when a sudden surge in network data transfer raised suspicions upon investigation. Pilotron discovered that the employee had multiple requests for access to software development resources that were unrelated to their daily tasks By using a false user name and avoiding the implemented cybersecurity controls, the employee directly modified the code of one of Pilotron's products. This unauthorized code change enabled the employee to transfer highly sensitive data to external parties
Knowing that insider threats pose a significant risk and the existing security controls were ineffective. Pilotron decided to shift its cybersecurity focus toward proactive detection and prevention strategies. It implemented a security software that detects unusual access patterns, large data upload, and credential abuse Additionally, Pilotron recognized the need to help improve the security of Its systems by Isolating devices (PCs. servers) on the opposite sides of a firewall.
The company also implemented an identity management solution to ensure the verification of Individuals requesting access. It decided to implement a mechanism that ensured only authorized individuals can access sensitive systems and data. In addition to the traditional username and password, employees were now required to provide a unique personal identifier, such as a fingerprint, as well as a one-time verification code generated through a mobile app
Moreover, in order to enhance security measures and gain the benefits of cloud computing, Pilotron decided to leverage cloud based services. A kiv factor in Pilotroo's decision was the capability to construct and oversee its personalized Infrastructure Instead of depending on pre-set platforms or software applications, the company could craft its virtualized environments. The significant level of customization is of utmost importance to Pilotron since it enables adjusting its infrastructure to align with the specific requirements of its projects and clients.
Based on the scenario above, answer the following question:
Based on scenario 5. what type o# mechanism did Pilotron implement to ensure only authorized Individuals can access sensitive systems and data'
Whatis an advantage of properly implementing a security operations center (SOC) within an organization?
Scenario 6:Finelits. a South Carolina-based banking institution in the US, Is dedicated 10 providing comprehensive financial management solutions for both individuals and businesses. With a strong focus on leveraging financial technology innovations, Finelits strives to provide its clients with convenient access to their financial needs. To do so. the company offers a range of services. Firstly, it operates a network of physical branches across strategic locations, facilitates banking transactions, and provides basic financial services to Individuals who may not have easy access to a branch Through its diverse service offerings. Finelits aims to deliver exceptional banking services, ensuring financial stability and empowerment for its clients across the US.
Recently, Vera, an employee at Finelits, was passed over for a promotion. Feeling undervalued, Vera decided to take malicious actions to harm the company's reputation and gain unrestricted access to its sensitive information. To do so. Vera decided to collaborate with a former colleague who used lo work for Finelits's software development team. Vera provided the former colleague with valuable information about the Finelils's security protocols, which allowed the former colleague to gain access and introduce a backdoor into one of the company's critical software systems during a routine update. This backdoor allowed the attacker to bypass normal authentication measures and gain unrestricted access to the private network. Vera and the former employee aimed to attack Finelits's systems by altering transactions records, account balances, and investments portfolios. Their actions were carefully calculated to skew financial outcomes and mislead both the hank and Its customers by creating false financial statements, misleading reports, and inaccurate calculations.
After receiving numerous complaints from clients, reporting that they are being redirected to another site when attempting to log into their banking accounts on Finelits's web application, the company became aware of the issue. After taking immediate measures, conducting a thorough forensic analysis and collaborating with external cybersecurity experts, Finelits's Incident response team successfully identified the root cause of the incident. They were able to trace the intrusion back to the attackers, who had exploited vulnerabilities in the bank's system and utilized sophisticated techniques to compromise data integrity
The incident response team swiftly addressed the issue by restoring compromised data, enhancing security, and implementing preventative measures These measures encompassed new access controls, network segmentation, regular security audits, the testing and application of patches frequently, and the clear definition of personnel privileges within their roles for effective authorization management.
Based on the scenario above, answer the following question:
How did Finelits ensure protection forIts accounts By implementing secure token handling? Refer to scenario 6.
Which of the following activities does not ensure the ongoing security of an Intrusion Detection System (IDS)?
in the context of business continuity management (BCM), what is purpose of information and communication technology readiness for business continuity (IRDC). among others?
Scenario 8:FindaxLabs is a financial institution that offers money transfers services globally The company Is known for quick money transfers at a low cost. To transfer money, users register with their email addresses and submit a photo of their ID card for identity verification. They also need to provide the recipient s bank account details alongside their own bank account details. Users can track the transfer through their accounts, either from the website or mobile app. As the company operates in a highly sensitive industry, it recognizes the importance of ensuring cybersecurity. As such, FindaxLabs has addressed its cybersecurity concerns through its business continuity plan.
Nevertheless, a few months ago, FindaxLabs detected suspicious activity on its network and realized that it was being attacked The attackers tried to gain access to customer information. Including emails, bank account numbers, and records of financial transactions. Upon receiving the alert, the incident response team responded swiftly Following the ICT readiness for business continuity (IRBC) policy and procedures, they immediately took down the communication channels to the server and went offline. Subsequently, they conducted vulnerability testing and network scanning, but did not identify any other backdoors. After dodging this attack, the company completely changed its approach toward cyber threats. Consequently, cybersecurity became one of their highest priorities.
FindaxLabs established a more comprehensive cybersecurity incident management plan based on its cybersecurity Incident management policy 10 effectively handle and mitigate future incidents and vulnerabilities. The cybersecurity incident management plan outlined a structured approach based on industry best practices and included various phases of the incident response process
The company also created a post-incident report to evaluate the effectiveness of their response capabilities and identify areas for improvement It documented all relevant information related to theincident, such as category, priority, status, and actions taken to resolve it Based on this documentation, it defined the IRBC activities that helped them respond to and recover from disruptions, creating an IRBC timeline. The timeline consisted of three main stages: incident detection, response, and recovery. The company evaluated whether IRBC objectives were met for each phase. Through this evaluation, they determined that improved collaboration between business managers and ICT staff, as well as the implementation of preventive measures such as antivirus and firewalls, would have provided layered protection and better integration of cybersecurity into the business continuity strategy.
Based on the scenario above, answer the following question:
According to scenario 8. what was the role of ICT readiness for business continuity in FindaxLab' business continuity management?