CRISC Exam Dumps - Certified in Risk and Information Systems Control

Thebusiness operational requirementsshould be the central consideration when crafting a risk management strategy. This ensures that risk management aligns with and supports business objectives, a core principle in ISACA’s risk management framework.

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Validation of risk analysis results ensures the data is accurate, reliable, and can be trusted for making informed decisions. It minimizes the risk of acting on flawed insights.

A key control indicator (KCI) is a metric that measures the effectiveness of a control in mitigating a risk. A good KCI for a vulnerability management program should reflect how well the program is reducing the exposure to high-risk vulnerabilities. The percentage of high-risk vulnerabilities addressed is a KCI that shows the proportion of identified high-risk vulnerabilities that have been remediated or mitigated within a defined time frame. This KCI can help monitor the progress and performance of the vulnerability management program and identify areas for improvement.

The other options are not the best KCI for a vulnerability management program because they do not measure the effectiveness of the control. The percentage of high-risk vulnerabilities missed is a measure of the completeness of the vulnerability scanning process, not the control. The number of high-risk vulnerabilities outstanding is a measure of the current risk exposure, not the control. The defined thresholds for high-risk vulnerabilities are a measure of the risk appetite, not the control. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 3: IT Risk Assessment, Section 3.4: Risk Indicators, p. 133-134.

Determining the business purpose of the application is the first thing that a risk practitioner should do when a shadow IT application is identified in a business owner’s business impactanalysis (BIA), because it helps to understand the rationale and value of the application, and the potential risks and issues that it may introduce or affect. A shadow IT application is an IT system or application that is used by the business units or employees without the knowledge or approval of the IT department or management. A shadow IT application may offer benefits such as convenience, efficiency, or innovation, but it may also pose risks such as security breaches, data loss, compatibility issues, or regulatory non-compliance. A BIA is a process of analyzing the potential impact of disruption to the critical business functions or processes, and identifying the recovery priorities and requirements. A BIA may reveal the existence of ashadow IT application, as it may be used to support or enable a critical business function or process. Determining the business purpose of the application is the first thing to do, as it helps to evaluate the necessity and suitability of the application, and to plan the appropriate actions to address the shadow IT application. Including the application in the business continuity plan (BCP), segregating the application from the network, and reporting the finding to management are all possible things to do after determining the business purpose of the application, but they are not the first thing to do, as they depend on the results of the evaluation of the application. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.2.1, page 143

The greatest security risk in this scenario is that data may be commingled with other tenants’ data on the public cloud infrastructure. Data commingling occurs when data from different sources or customers are mixed together without proper segregation or encryption. This may result in data leakage, unauthorized access, or loss of confidentiality and integrity. Data commingling is a common challenge in public cloud environments, where multiple customers share the same physical resources and network. System downtime, infrastructure management, and cloud provider certification are also potential risks in this scenario, butthey are not as great as data commingling. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 5, Section 5.2.1.1, page 2451

1: ISACA Certified in Risk and Information Systems Control (CRISC®) Exam Guide, Answer to Question 638.

According to the CRISC Review Manual, the primary purpose of periodically reviewing an organization’s risk profile is to enable risk-based decision making, because it helps to ensure thatthe risk information is current, relevant, and accurate. The risk profile is a snapshot of the organization’s risk exposure at a given point in time, based on the risk identification, analysis, and evaluation processes. Periodically reviewing the risk profile allows the organization tomonitor the changes in the risk environment, the effectiveness of the risk responses, and the impact of the risk events. This enables the organization to make informed decisions about the risk management strategies and priorities. The other options are not the primary purpose of periodically reviewing the risk profile, as they are related to other aspects of the risk management process. Aligning business objectives with risk appetite is the purpose of establishing the risk context, which defines the scope and boundaries of the risk management activities. Designing and implementing risk response action plans is the purpose of the risk response process, which involves selecting and executing the appropriate risk responses. Updating risk responses in the risk register is the outcome of the risk monitoring and reporting process, which involves tracking the risk performance and communicating the risk information to the stakeholders. References = CRISC Review Manual, 7th Edition, Chapter 2, Section 2.2.4, page 86.