CISM Exam Dumps - Certified Information Security Manager

The most important information to present to senior management when reporting on the performance of the initiative to mitigate risk associated with ransomware is the cost and associated risk reduction, which means showing the value and effectiveness of the technical and administrative controls in terms of reducing the likelihood and impact of ransomware incidents and data extortion, and comparing them with the investment and resources required to implement and maintain them. The cost and associated risk reduction can help senior management to evaluate the return on investment (ROI) and the alignment with the business objectives and risk appetite of the initiative.

References = Ransomware Risk Management - NIST, #StopRansomware Guide | CISA

The best way to ensure that relevant controls are applied to a project is to involve information security at each stage of project management. This will help to identify and address the security risks and requirements of the project from the beginning, and to integrate security controls into the project design, development, testing, and implementation. This will also help to avoid adding unnecessary or ineffective controls post-production, which can increase the project cost and complexity, and reduce the project performance and quality. By involving information security at each stage of project management, the information security manager can ensure that the project delivers the expected security value and aligns with the organization’s security strategy and objectives. References = CISM Review Manual 15th Edition, page 41.

The fundamental purpose of establishing security metrics is to provide feedback on the effectiveness of the information security controls and processes. Security metrics are quantitative or qualitative measures that indicate how well the organization is achieving its security objectives and goals. Security metrics can help the information security manager to monitor, evaluate, and improve the performance of the information security program, as well as to identify gaps, weaknesses, and areas for improvement. Security metrics can also help the organization to demonstrate compliance with internal and external standards, regulations, and best practices. Increasing return on investment (ROI), adopting security best practices, and establishing security benchmarks are possible outcomes or benefits of using security metrics, but they are not the fundamental purpose of establishing them. References = CISM Review Manual, 16th Edition, pages 46-471; CISM Review Questions, Answers & Explanations Manual, 10th Edition, page 642

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Security metrics are used to measure the effectiveness of controls and evaluate the overall security posture of an organization. This feedback provides an understanding of the progress made towards achieving security objectives and allows organizations to make necessary adjustments.

SIEM systems collect and analyze log data from across the organization, allowing for real-time monitoring, incident correlation, and end-to-end tracking of response activities — including severity classification and closure.

“SIEM tools enable centralized management, prioritization, and documentation of incidents, making them essential for impact tracking and incident lifecycle management.”

— CISM Review Manual 15th Edition, Chapter 4: Incident Management Systems*

While EDR and XDR help detect threats, SIEMs offer the full scope for impact-based tracking.

According to the CISM Review Manual, the information security manager should evaluate the third party’s agreements with its external provider to ensure that the security requirements and controls are adequate and consistent with the organization’s expectations. Engaging or conducting an audit may be a subsequent step, but not the most important one. Recommending canceling the contract may be premature and impractical.

References = CISM Review Manual, 27th Edition, Chapter 3, Section 3.4.2, page 1431.