CRISC Exam Dumps - Certified in Risk and Information Systems Control

Data inconsistency is the greatest concern associated with redundant data in an organization’s inventory system, as it can lead to inaccurate, unreliable, and conflicting information that can affect the decision-making and performance of the organization. Redundant data can occur when the same data is stored in multiple locations or formats, or when data is not updated or synchronized properly. Data inconsistency can cause errors, confusion, and inefficiency in the inventory management process, and can also increase the risk of fraud, theft, or loss of inventory. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, Question 238. CRISC by Isaca Actual Free Exam Q&As, Question 9. CRISC: Certified in Risk & Information Systems Control Sample Questions, Question 238. CRISC Sample Questions 2024, Question 238.

Alignment to business objectives is the most important factor when developing a business case for a proposed security investment, because it demonstrates how the investment will support the enterprise’s mission, vision, and goals. A business case should show how the security investment will contribute to the value creation, risk reduction, and performance improvement of the enterprise. The other options are not the most important factors, although they may also be included in the business case. The identification of control requirements, the consideration of new business strategies, and the inclusion of strategy for regulatory compliance are secondary factors that depend on the alignment to business objectives. References = Most Asked CRISC Exam Questions and Answers

The three lines of defense model is a framework that describes the roles and responsibilities of different stakeholders in the risk management and internal control processes of an organization. The three lines of defense are:

The first line of defense: the operational management and staff who are responsible for identifying, assessing, and responding to the risks, as well as implementing and maintaining the controls within their areas of activity.

The second line of defense: the risk management, compliance, and security functions who are responsible for establishing the risk policies and standards, providing guidance and support, monitoring and reporting on the risk performance and compliance, and facilitating the risk management and internal control processes across the organization.

The third line of defense: the internal audit function who is responsible for providing independent and objective assurance on the effectiveness and efficiency of the risk management and internal control processes, as well as recommending improvements and best practices. The stakeholders who are typically included as part of a line of defense within the three lines of defense model are the legal team, who belong to the second line of defense. The legal team is responsible for ensuring that the organization complies with the relevant laws and regulations, aswell as for advising and assisting the organization on the legal aspects and implications of the risk management and internal control processes. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.4.1, p. 32-33

Code review could BEST detect an in-house developer inserting malicious functions into a web-based application, because it is a process that involves examining and verifying the source code of the application for any errors, vulnerabilities, or malicious functions. Code review can help toidentify and remove any unauthorized or harmful code that the developer may have inserted, either intentionally or unintentionally, and to ensure that the application meets the quality andsecurity standards and requirements. The other options are not as effective as code review, because:

Option A: Segregation of duties is a control that involves separating the roles and responsibilities of the developer from those of the tester, the approver, and the deployer, to prevent any conflict of interest or misuse of authority. Segregation of duties can help to reduce the risk of the developer inserting malicious functions into the web-based application, but it does not detect them.

Option C: Change management is a process that involves controlling and documenting any changes to the web-based application, such as new features, enhancements, or bug fixes, to ensure that they are authorized, tested, and approved. Change management can help to track and monitor the changes that the developer may have made to the web-based application, but it does not detect the malicious functions.

Option D: Audit modules are components that are embedded in the web-based application to record and report the activities and transactions that occur within the application, such as user login, data input, or data output. Audit modules can help to audit and review the performance and functionality of the web-based application, but they do not detect the malicious functions. References = Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 214.

Risk avoidance is a type of risk response that involves eliminating the risk entirely by not engaging in the activity that causes the risk or changing the conditions that create the risk1. Riskavoidance is usually applied when the potential impact or likelihood of the risk is high or unacceptable, and when the benefits of avoiding the risk outweigh the costs or losses of doing so2.

In this case, the organization has adopted risk avoidance as its risk response, because it has decided to postpone the decision that could trigger the risk. By delaying the decision, the organization is avoiding therisk of making a wrong or unfavorable choice among the multiple options. However, this may not be the best or most effective risk response, as it could also result in missed opportunities, wasted resources, or increased uncertainty3. The organization shouldconsider the trade-offs and consequences of avoiding the risk, and explore other possible risk responses that could reduce or transfer the risk.

The other options are not the risk responses that the organization has adopted. Risk transfer means shifting the responsibility or burden of the risk to another party, such as a vendor or an insurer2. The organization has not transferred the risk to anyone else, but rather avoided it by postponing the decision. Risk mitigation means implementing controls or safeguards to minimize the negative effects of the risk2. The organization has not mitigated the risk by reducing its impact or likelihood, but rather avoided it by delaying the decision. Risk acceptance means acknowledging the risk and its consequences without taking any action to address it2. The organization has not accepted the risk by tolerating its potential outcomes, but rather avoided it by postponing the decision. References =

10 Risk Mitigation techniques you need to know - Stakeholdermap.com

Risk Response Strategies: Types & Examples (+ Free Template)

[CRISC Review Manual, 7th Edition]

A post-implementation RCSA is a process of verifying whether the risk treatment plan has been executed as intended and whether the residual risk is within the acceptable level. It involves testing the effectiveness of the controls that have been implemented to mitigate the risk and identifying any gaps or issues that need to be addressed. A BIA, the original risk response plan, and the training program and user awareness documentationare not sufficient to validate theeffectiveness of the risk treatment plan, as they do not measure the actual performance of the controls or the residual risk.

The number of validated transactions is a critical indicator of a blockchain network's security. It reflects the network's ability to accurately and securely process transactions, ensuring data integrity and trustworthiness. A higher number of validated transactions indicates robust consensus mechanisms and effective security controls within the blockchain infrastructure.

The number of IT policy exceptions granted serves as a direct measure of how well IT policies align with organizational needs and practices. A high number of exceptions may indicate that policies are too restrictive or not practical, suggesting a need for review or modification.