712-50 Exam Dumps - EC-Council Certified CISO (CCISO)

ï‚· Definition of Residual Risk:

Residual risk refers to the risk remaining after implementing risk mitigation measures.

ï‚· Managing Residual Risk:

It is the responsibility of security executives to assess and accept residual risks based on the organization’s risk tolerance and appetite.

ï‚· Supporting Reference:

The CCISO program highlights residual risk management as a critical part of risk management frameworks, emphasizing continuous monitoring.

ï‚· Role of Governance:

Governance establishes and maintains a framework to align security strategies with organizational goals. It ensures accountability and provides oversight for security initiatives.

ï‚· Why This is Correct:

Governance ensures that security efforts are directed, supported, and monitored to meet business objectives effectively.

ï‚· Why Other Options Are Incorrect:

A. Awareness: Focuses on employee education, not strategy alignment.

B. Compliance: Ensures adherence to standards but does not establish strategic alignment.

D. Management: Focuses on operational execution, not oversight.

ï‚· References:

Governance is a cornerstone of EC-Council’s framework for aligning security with organizational priorities.

When the expenditures exceed the planned budget during a specific period, the budget is considered to be operating at a deficit. This indicates that the resources allocated are insufficient to cover the costs, necessitating adjustments such as reallocations or finding additional funding sources. Options like a temporary imbalance or surplus do not align with overspending scenarios, and moderate capital expense reallocation would depend on available funds.

Comprehensive and Detailed Explanation (250–350 words) From Exact Extract from Chief Information Security Officer (CCISO) Documents:

According to CCISO incident response guidance, containment is the first action taken when reacting to a malware attack. CCISO materials explain that the immediate priority is to limit spread and impact by isolating affected systems, disabling compromised accounts, or blocking malicious traffic.

Eradication and recovery occur later in the lifecycle, after containment is achieved. Escalation may occur concurrently, but containment is the first technical response action to protect the organization.

Comprehensive and Detailed Explanation (250–350 words)

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According to EC-Council CCISO documentation, the most significant factor when using sensitive customer data is compliance with privacy regulations. CCISO materials highlight regulations such as GDPR, CCPA, and other data protection laws as critical drivers of data governance decisions.

Market competition and product speed (Options A and D) are business considerations but are secondary to regulatory compliance. International personnel laws (Option B) are unrelated to customer data usage.

CCISO emphasizes that non-compliance exposes organizations to severe financial penalties and reputational damage. Therefore, Option C is correct.

ISO 22301 provides a comprehensive standard for Business Continuity Management (BCM) requirements, covering the complete BCM lifecycle, including planning, implementing, operating, monitoring, and improving BCM systems. While ISO 22318 (A) focuses on supply chain continuity and ISO 27031 (B) addresses ICT readiness, ISO 22301 offers a broader approach. ISO 22317 (D) pertains specifically to Business Impact Analysis (BIA).

ï‚· Steps in Certification and Accreditation

Evaluating: Assess security controls to identify gaps and areas of improvement.

Describing: Document the system, including security controls and configurations.

Testing: Perform validation testing to ensure controls meet security requirements.

Authorizing: Obtain formal approval to operate based on evaluation results and residual risk.

ï‚· Comparison of Options

B. Evaluating, purchasing, testing, authorizing: Does not include describing, which is critical for documentation.

C. Auditing, documenting, verifying, certifying: Auditing and verifying are part of testing but are incomplete as standalone steps.

D. Discovery, testing, authorizing, certifying: Overlaps with evaluating but lacks specificity for describing.

ï‚· EC-Council References

Certification and accreditation frameworks (e.g., NIST RMF, ISO 27001) outline these steps for ensuring secure system authorization.

ï‚· Risk Transfer Through Insurance:

Breach insurance is a common method of transferring financial risks associated with cybersecurity incidents, covering costs like fines, legal fees, and recovery.

ï‚· Risk Management Strategies:

Risk transfer does not eliminate the risk but provides financial safeguards, complementing other security measures.

ï‚· Supporting Reference:

EC-Council CCISO materials describe purchasing insurance as a key financial strategy in the risk transfer process.