CRISC Exam Dumps - Certified in Risk and Information Systems Control

A private cloud is a type of cloud computing deployment that provides the consumer exclusive access to a pool of computing resources that are owned, managed, and operated by the consumer or a third-party provider on behalf of the consumer.

A private cloud provides the consumer the greatest degree of control over the environment, because the consumer can customize and configure the resources according to their specific needs and preferences, and can apply their own security and governance policies and standards.

The other options are not the types of cloud computing deployment that provide the consumer the greatest degree of control over the environment. They are either shared or limited by the provider’s settings and rules.

The references for this answer are:

Risk IT Framework, page 23

Information Technology & Security, page 17

Risk Scenarios Starter Pack, page 15

The percentage of servers receiving automatic patches is the best key control indicator (KCI) to monitor the effectiveness of patch management, because it measures how well the patch management process is ensuring that the servers are updated with the latest security patches and fixes. A high percentage of servers receiving automatic patches indicates that the patch management process is effective and efficient, and that the servers are protected from known vulnerabilities and threats. The other options are not the best KCIs, because they do not directly measure the effectiveness of patch management. The percentage of legacy servers out of support, the number of unpatched vulnerabilities, and the number of intrusion attempts are examples of risk indicators or consequence indicators that measure the exposure or impact of the lack of patch management, but not the performance or outcome of the patch management process. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers

Scheduling periodic audits is the best way to facilitate the maintenance of data classification requirements, because it helps to verify and validate that the data are classified and handled according to the established policies, standards, and guidelines, and that the data classification requirements are updated and aligned with the changes in the data environment or regulations. Data classification is a process of categorizing data according to their sensitivity, confidentiality, and value to the organization, and specifying the appropriate handling and protection measures for each category. Data classification requirements are the rules or criteria that define how data should be classified and treated. Scheduling periodic audits is the best way to ensure that the data classification requirements are followed and maintained, and that any issues or gaps are identified and addressed. Assigning a data custodian, implementing technical controls over theassets, and establishing a data loss prevention (DLP) solution are all useful ways to facilitate the maintenance of data classification requirements, but they are not the best way, as they do not provide a comprehensive and independent review and assessment of the data classification process and outcomes. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.3.2, page 158

 According to the 10 Tips for Secure Online Transactions - SmartAsset article, multi-factor authentication is a security measure that requires users to provide more than one piece of evidence to verify their identity when logging in to an online account. For example, users may need to enter a password and a code sent to their phone or email, or use a biometric feature such as a fingerprint or a face scan. Multi-factor authentication can help secure online financial transactions from improper users, as it makes it harder for hackers to access the account even if they have the password. Multi-factor authentication can also alertusers to any suspicious login attempts and prevent unauthorized transactions. References = 10 Tips for Secure Online Transactions - SmartAsset

A payroll manager discovers that fields in certain payroll reports have been modified without authorization. This indicates that there is a risk of unauthorized access, use, disclosure, modification, or destruction of sensitive data, such as employee information, payroll records, tax returns, etc.

A control weakness that could have contributed most to this problem is that the programmer had access to the production programs. This means that the programmer could potentially alter the source code or configuration of the payroll software without proper authorization or approval.

The other options are not control weaknesses that could have contributed most to this problem. They are either irrelevant or less likely to cause unauthorized changes in the payroll software.

The references for this answer are:

Risk IT Framework, page 12

Information Technology & Security, page 6

Risk Scenarios Starter Pack, page 4

 The best way to address the request for IT risk profile reports associated with specific departments would be to use key risk indicators (KRIs), which are metrics that provide information on the level of exposure to a given operational risk1. KRIs can help to monitor the changes in risk levels over time, identify emerging risks, and trigger risk response actions when the risk exceeds the acceptable thresholds2. KRIs can also help to allocate resources for risk mitigation by prioritizing the risks that pose the greatest threat to the business objectives and performance of each department. The other options are not the best ways to address the request, as they do not provide the same level of insight and guidance as KRIs. The cost associated with each control may indicate the efficiency of the risk mitigation, but not the effectiveness or the necessity. Historical risk assessments may provide some baseline data, but not the current or future risk trends. Information from the risk register may include too much detail or irrelevant information, and not the key risk factors that need to be monitored and reported. References = Key Risk Indicators; Key Risk Indicators: A Practical Guide

Internal audit reports provide the most useful information to assess the magnitude of identified deficiencies in the IT control environment. Internal audit reports are independent and objective evaluations of the design and operating effectiveness of the IT controls, as well as the compliance with policies, standards, and regulations. Internal audit reports also provide recommendations for improvement and follow-up actions for the control deficiencies. Internal audit reports can help measure the impact and severity of the control deficiencies, and prioritize the remediation efforts. Peer benchmarks, business impact analysis (BIA) results, and threat analysis results are not as directly related to the assessment of the control deficiencies, although they may provide some contextual or comparative information. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.4.1, page 1-19.

An organization’s policies are the set of rules and guidelines that define the organization’s objectives, expectations, and responsibilities for its activities and operations. They provide the direction and framework for the organization’s governance, risk management, and compliance functions.

The most important characteristic of an organization’s policies is to reflect the organization’s risk appetite, which is the amount and type of risk that the organization is willing to accept in pursuit of its goals. The risk appetite is usually expressed as a range or a threshold, and it is aligned with the organization’s strategy and culture.

Reflecting the organization’s risk appetite in its policies ensures that the policies are consistent, appropriate, and proportional to the level and nature of the risks that the organization faces, and that they support the organization’s objectives and values. It also helps to optimize the balance between risk and return, and to create and protect value for the organization and its stakeholders.

The other options are not the most important characteristic of an organization’s policies, because they do not address the fundamental question of whether the policies are suitable and acceptable for the organization.

The risk assessment methodology is the process of identifying, analyzing, and evaluating the risks that may affect the organization’s objectives and operations. It involves determining the likelihood and impact of various risk scenarios, and prioritizing them based on their significance and urgency. The risk assessment methodology is important to inform and support the organization’s policies, but it is not the most important characteristic of the policies, because it does not indicate whether the policies are aligned with the organization’s risk appetite.

The capabilities are the resources and abilities that the organization has or can acquire to achieve its objectives and manage its risks. They include the people, processes, technologies, and assets that the organization uses or relies on. The capabilities are important to enable and implement theorganization’s policies, but they are not the most important characteristic of the policies, because they do not indicate whether the policies are aligned with the organization’s risk appetite.

The asset value is the worth or importance of the assets that the organization owns or controls, and that may be affected by the risks that the organization faces. The assets include the tangible and intangible resources that the organization uses or relies on, such as data, information, systems, infrastructure, reputation, etc. The asset value is important to measure and monitor the organization’s policies, but it is not the most important characteristic of the policies, because itdoes not indicate whether the policies are aligned with the organization’s risk appetite. References =

ISACA, CRISC Review Manual, 7th Edition, 2022, pp. 29-30, 34-35, 38-39, 44-45, 50-51, 54-55

ISACA, CRISC Review Questions, Answers & Explanations Database, 2022, QID 148

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