Udemy CRISC Test Set 1

Which of the following is the BEST indication that KRIs should be revised

An increase in number of risk threshold exceptions.

- If thresholds increase it can suggest

KRI no longer aligned, may be outdated, not effective in detecting risk, etc

Risk associated with an asset after controls are applied can be expressed as:

A function of likelihood and impact.

-Risk defined: likelihood and impact.

- Even though control can reduce impact, it still the residual risk based on the likelihood and impact

MOST likely reason for a significant year-over-year increase in inherent risk?

Targeted cyberattacks against the organization's infrastructure

-inherent risk are from external factors such as

changes in threat landscape: ie targeted cyber

increased exposure due to tech advancements, changes in business process, or expanded digital footprint.

Which of the following provides the MOST comprehensive information when developing a risk profile for a system?

Risk assessment results

risk assessment provides most comprehensive info for risk profile because it evaluates all relevant threats, vulnerabilities, controls, and potential impacts.

An organization has initiated a project to launch an IT based service to customer and take of advantage of being first to market.

Project is likely to deliver the product late

- First to market, must deliver on time.

A delay in release can result in lost market oppo, and allow competitor to launch similar products.

Which of the following is MOST likely to cause a key risk indicator (KRI) to exceed thresholds?

Occurrences of specific events:

KRI monitors risk levels and alert organization when it approaches or exceeds acceptable limits. Specific events cause KRI to exceed:

Specific events:

security breaches, system failures, or regulatory changes.

Best way for a risk practitioner to present an annual risk management update to the board?

Dashboard summarizing key risk indicator (KRI)

-Board prefers high level visial

-KRI track trends and highlight changes in risk exposure over time. this help board understand how risk level changes

- KRI Dashboard has key metrics that link risk to business objectives

MOST reliable evidence of a controls effectiveness

System-generated testing report:

Most reliable because

-Independent of human bias

-Provides direct evidence from system

-Can capture real-time or historical data

-ISACA considers automated evidence from system more trustworthy than manual assertions.

Primary benefit of stakeholder and resources to learn more

Ability to determine the business impact

- Stakeholder have in-depth knowledge of business processes, objectives, and operations. Ensure that risk scenarios accurately reflect potential impacts on business performance, revenue, reputation, and strategic goals.

Most effectively mitigate the risk of data loss when production data is being used in testing environment

Access management

-proper access management reduce risk of accidental or malicious data deletion or alteration which is common for data loss.

Following aspect of risk can be transferred to a third party

Financial impact

- it can transfer financial financial consequences associated with risk

risk practitioner's NEXT step after learning of an incident that has affected a competitor

-Develop risk scenarios.

When a risk practitioner becomes aware of an incident affecting a competitor, the next logical step is to develop relevant risk scenarios for their own organizatio

Risk practitioner's BEST recommendation to management when testing results indicate the organization's recovery time objective (RTO) cannot be met.

Engage IT and the business to re-evaluate the RTO.

-engage both IT and business stakeholders to re-evaluate the RTO. This ensures that the RTO remains realistic, achievable, and aligned with business needs

A key performance indicator (KPI) has been established to monitor the number of software changes that fail and must be re-implemented. An increase in the KPI indicates an ineffective:

corrective control

-A corrective control is designed to identify and fix issues after they occur (ie. monitoring)

Which of the following will BEST ensure that controls adequately support business goals and objectives?

Using the risk management process

-ensures that controls are designed and implemented based on a clear understanding of business objectives, risks, and the organization's risk appetite

A risk practitioner has identified that the agreed recovery time objective (RTO) with a Software as a Service (SaaS) provider is longer than the business expectation. Which of the following is the risk practitioner's BEST course of action?

Collaborate with the risk owner to determine the risk response plan

- It is the risk owner's responsibility to decide whether to accept the risk, mitigate it (by negotiating a better RTO), transfer it (through additional insurance or contingencies), or avoid it (finding an alternative provider)

Which of the following is the GREATEST critical success factor (CSF) of an IT risk management program?

Aligning with business objectives:

Aligning IT risk management with business objectives ensures that risk-related decisions support and enhance the organization's strategic goals

A deficient control has been identified which could result in great harm to an organization should a low frequency threat event occur. When communicating the associated risk to senior management, the risk practitioner should explain

an increase in threat events could cause a loss sooner than anticipated

-Even though the event is low frequency, it has a high impact and could escalate if conditions change. By highlighting that an increase in threat events could accelerate the likelihood of a loss

Which of the following is a risk practitioner's BEST recommendation to address an organization's need to secure multiple systems with limited IT resources?

Apply available security patches.

Applying security patches is the most immediate, cost-effective, and efficient way to mitigate vulnerabilities across multiple systems, especially when IT resources are limited

Which of the following should be the PRIMARY role of the data owner in a risk management program?

Applying data classification policy

The primary role of a data owner in a risk management program is to apply the organization's data classification policy to ensure that data is properly categorized based on its sensitivity, criticality, and regulatory requirements.

An organization requires a third-party attestation report annually from all service providers. One service provider is unable to provide the required report due to recent changes in ownership. Which of the following is the BEST course of action for the risk practitioner?

Execute an independent review of the service provider

- If a service provider is unable to provide the required third-party attestation report (such as a SOC 2 report or similar), the BEST course of action for a risk practitioner is to initiate an independent review of the provider's controls, processes, and risk posture.

Which of the following is the BEST way to address a board's concern about the organization's cybersecurity posture?

Assess security capabilities against an industry framework

-Since boards are concerned with governance, risk management, and compliance (GRC), aligning cybersecurity with an industry framework helps translate technical security risks into business risks, enabling better decision-making.

A risk practitioner has been asked to mark an identified control deficiency as remediated, despite concerns that the risk level is still too high. Which of the following is the BEST way to address this concern?

Prepare a risk acceptance proposal for senior management's consideration

- If the risk practitioner believes residual risk is still too high despite the control being declared remediated, this is a governance-level decision.

Which of the following is the PRIMARY benefit of consistently recording risk assessment results in the risk register?

Accuracy of risk profiles

-By consistently recording risk assessment results, organizations can be accurate

What would be MOST helpful to ensuring the effective implementation of a new cybersecurity program?

Assigning clear ownership of the program

-Clear ownership establishes accountability, responsibility, and leadership, which are essential for driving the program forward, ensuring alignment with business objectives, and tracking progress.

Which of the following is the MOST important success factor when introducing risk management in an organization?

Establishing executive management support

-Executive management support is the key enabler for a successful risk management program

Which of the following is MOST influential when management makes risk response decisions?

Risk appetite

-It serves as the guiding principle for management when deciding on risk responses

A third-party vendor has offered to perform user access provisioning and termination. Which of the following control accountabilities is BEST retained within the organization?

Which of the following provides the MOST useful information for regular reporting to senior management on the control environment's effectiveness?

Key risk indicators (KRIs)

-For regular reporting to senior management, KRIs give the most useful information because they are directly linked to the effectiveness of controls in managing risk

A risk practitioner has been asked to evaluate a new cloud-based service to enhance an organization's access management capabilities. When is the BEST time for the risk practitioner to provide opinions on control strength

Before production rollout

At this stage, the system is largely complete and ready for deployment, but any identified weaknesses can still be remediated before they expose the organization to unnecessary risk

Optimized risk management is achieved when risk is reduced:

to meet risk appetite

A process maturity model is MOST useful to the risk management process because it helps

determine the gap between actual and desired state

-A process maturity model is primarily used to assess the current state of a process and identify gaps between its existing maturity level and the desired level

When implementing a key performance indicator (KPI) for control performance monitoring, it is MOST important to:

define data sources and reporting frequency

-KPI is only effective if the data used to measure it is reliable, consistent, and collected at appropriate intervals

Which of the following is MOST important when determining risk appetite?

Gaining management consensus

-appetite, because risk appetite represents the organization's collective willingness to accept risk in pursuit of its business objectives

Which of the following is the PRIMARY reason to engage business unit managers in risk management processes?

Better-informed business decisions

-unit managers in risk management processes is to ensure that business decisions are better informed by real, business-relevant risk insights

A risk practitioner is working with the incident management team to prioritize activities. Which of the following should be the FIRST priority of the incident response plan?

Verify an incident actually occurred

ISACA emphasizes that incident classification — including verification — is the initial and foundational step in incident response workflows

Which of the following is the PRIMARY objective of engaging key stakeholders in the IT risk assessment process?

Increasing the quality of analysis

inputs provide valuable insights, ensuring that the risk assessment reflects real-world conditions and accurately identifies and evaluates risks.

An organization is analyzing the risk of shadow IT usage. Which of the following is the MOST important input into the assessment?

Classification of the data

To accurately assess risk, the classification of data being processed, stored, or transmitted by shadow IT systems is the most critical factor

Which of the following provides the BEST indication of risk management maturity?

Presence of a risk management framework

-A risk management framework provides a formalized, repeatable, and consistent structure for managing risks across the organization

A core data center went offline abruptly for several hours, affecting many transactions across multiple locations. Which of the following would provide the MOST useful information to determine mitigating controls

Root cause analysis

Root cause analysis is conducted after an incident to determine the underlying cause of the failure

Which of the following is MOST helpful to understand the consequences of an IT risk event?

Business impact analysis (BIA)

-A Business Impact Analysis (BIA) is specifically designed to assess the consequences of an IT risk event on business operations.

data privacy regulation has been revised to incorporate more stringent requirements on personal data protection. Which of the following will provide the MOST important input to help ensure compliance with the revised regulation?

Gap analysts

is the most effective method to evaluate control deficiencies by comparing the current state of compliance with the new regulatory requirements

Which of the following is the MOST comprehensive input to the risk assessment process specific to the effects of system downtime?

Business impact analysis (BIA) results

-most comprehensive input to the risk assessment process when evaluating the effects of system downtime

Of the following, who should be responsible for determining the inherent risk rating of an application?

Application owner

The application owner is the most appropriate person to determine the inherent risk rating of an application

The BEST key performance indicator (KPI) to measure the effectiveness of the security patching process is the percentage of patches installed:

successfully within the expected time frame.

Timely patch installation is critical to reducing the window of exposure to known vulnerabilities

The PRIMARY benefit of using a maturity model is that it helps to evaluate the:

evolution of process improvements.

structured framework that allows an organization to assess how developed its processes are over time

A multinational organization is developing a risk awareness program to promote a unified risk culture across all regions. Which of the following will BEST enable the achievement of this objective?

Applying risk policies in a consistent manner across regions

BEST way to promote a unified risk culture across a multinational organization is to apply consistent risk policies across all regions

The BEST metric to monitor the risk associated with changes deployed to production is the percentage of

changes that cause incidents

Monitoring the percentage of changes that lead to incidents provides direct insight into the impact of deployments on system stability and risk

Which of the following presents the GREATEST challenge for an IT risk practitioner who wants to report on trends in historical IT risk levels?

Changes in methods used to calculate probability

Consistency in risk measurement methodology is critical for accurate trend analysis over time

Which of the following is the MOST important activity when identifying relevant risk data?

Mapping IT resource data to business processes

Identifying relevant risk data is most effective when you clearly understand how IT resources support and interact with business processes.

Who should be responsible for strategic decisions on risk management?

Executive management team

Strategic decisions on risk management—such as setting risk appetite, determining risk tolerance levels, and deciding on the overall risk strategy—are the responsibility of the executive management team.

When should be a risk practitioner's PRIMARY focus when evaluating a proposed robotic process automation of a business service

Control capability

When evaluating a proposed robotic process automation (RPA) initiative, the primary concern for a risk practitioner is ensuring that the automated process has adequate controls to prevent errors, fraud, or unintended consequences

A recent vulnerability assessment of a web-facing application revealed several weaknesses. Which of the following should be done NEXT to determine the risk exposure?

Penetration test

A penetration test (pen test) simulates real-world attacks to assess whether the vulnerabilities can be exploited and what their potential impact would be

Which of the following contributes MOST to the effective implementation of risk responses?

Appropriate resources

the success of deploying the chosen controls or mitigation strategies largely depends on having the necessary resources in place.

Which of the following is the BEST way to assess the effectiveness of an access management process?

Comparing the actual process with the documented process

This type of process audit helps identify gaps between what is expected (documented policies and procedures) and what is actually occurring in practice.

Before defining a response strategy for a specific risk scenario, it is MOST important to confirm that:

the risk rating exceeds risk appetite.

the most important consideration is confirming whether the risk rating exceeds the organization's risk appetite

Which of the following is the MOST important benefit of reporting risk assessment results to senior management?

Facilitation of risk-aware decision making

Senior management needs timely and accurate risk information to make informed business decisions that align with the organization's risk appetite, strategic objectives, and regulatory obligations

Which of the following should be the FIRST consideration when establishing a new risk governance program?

Embedding risk management into the organization

consideration is to embed risk management into the organizational culture, processes, and governance structure

Who should be responsible for determining which stakeholders need to be involved in the development of a risk scenario?

Risk practitioner

the most appropriate person responsible for determining which stakeholders need to be involved in the development of a risk scenario

Which of the following provides the BEST assurance of the effectiveness of internal controls?

Continuous monitoring

because it allows for real-time or near-real-time detection of control deficiencies, deviations, and emerging risks