CRISC Exam Dumps - Certified in Risk and Information Systems Control

When an organization has a policy prohibiting ransom payments in the event of a ransomware attack, the most effective control to support this policy is creating immutable backups. Here’s why:

Immutable Backups:

Definition:Immutable backups are backups that cannot be altered, deleted, or modified in any way once they are created. This ensures that a clean, untampered copy of data is always available.

Protection Against Ransomware:Ransomware attacks typically encrypt data and demand a ransom to decrypt it. With immutable backups, the organization can restore the affected systems using the backup without paying the ransom, thereby adhering to their policy.

Effectiveness:

Restoration Capability:Immutable backups provide a reliable means to restore data to its state before the ransomware attack. This restoration capability negates the need to consider paying the ransom to regain access to encrypted data.

Compliance with Policy:By having a secure and untouchable backup, the organization ensures compliance with its no-ransom policy as it can recover operations without engaging with the attackers.

Comparison with Other Options:

Vulnerability Scanning:While important, this primarily helps in identifying vulnerabilities and does not directly help in data recovery post-ransomware attack.

Patching:Regular patching reduces the risk of ransomware infection but does not aid in recovery if an attack occurs.

Intrusion Detection:Continuous monitoring can detect ransomware activities but does not provide a solution for restoring data after an attack.

ï‚· Understanding the Question:

The question seeks to identify which source provides the most useful information for evaluating the effectiveness of existing controls.

ï‚· Analyzing the Options:

A. Previous audit reports:Provide historical data but might not reflect current risks.

B. Control objectives:These are standards to be achieved, not current evaluations.

C. Risk responses in the risk register:Useful but focused on specific responses rather than overall effectiveness.

D. Changes in risk profiles:Reflect current and emerging risks, providing a dynamic view of control effectiveness.

ï‚· Detailed Explanation:

Risk Profiles:Evaluating changes in risk profiles helps understand how effective existing controls are against current threats. If risk levels are increasing, it may indicate that controls are insufficient or need updating.

Proactive Adjustment:By monitoring changes in risk profiles, organizations can proactively adjust their controls to address new or evolving risks.

Updating IT Policy Framework for Cloud Usage:

Gap Analysis: The first step in updating the IT policy framework is to conduct a gap analysis to identify discrepancies between the current state and the desired target framework for cloud usage.

Assessment of Current State: This involves reviewing existing policies, controls, and practices related to cloud usage to understand current capabilities and limitations.

Target Framework Definition: Define the desired state based on industry best practices, regulatory requirements, and organizational objectives.

Importance of Gap Analysis:

Focused Improvements: Identifying gaps allows the organization to focus on specific areas that need enhancement to align with best practices and compliance requirements.

Resource Allocation: Helps in allocating resources effectively to address the most critical gaps first.

Comparison with Other Options:

Consult with Industry Peers: Useful for gathering insights but should follow the gap analysis to ensure relevance to the organization’s specific context.

Evaluate Adherence to Existing Policies: Part of the gap analysis but not the initial step.

Adopt Industry-leading Framework: Important for long-term strategy but should be based on identified gaps.

Best Practices:

Comprehensive Review: Conduct a thorough review of existing policies and compare them with industry standards.

Stakeholder Involvement: Engage relevant stakeholders in the gap analysis to ensure all perspectives are considered.

Senior management involvement is a critical driver for the success of any risk management program. Without their engagement, there is a lack of strategic oversight, resource allocation, and prioritization of risk management initiatives, directly impacting the organization's ability to meet risk objectives. This is emphasized in theGovernance Principlesof CRISC.

The most important course of action for a risk practitioner when reviewing the results of control performance monitoring is to validate whether the controls effectively mitigate risk, as it involves verifying and testing the adequacy and performance of the controls, and identifying any control gaps or deficiencies that may affect the risk level and response. The other options are not the most important courses of action, as they are more related to the evaluation, confirmation, or analysis of the risk profile, compliance, or indicators, respectively, rather than the validation of the control effectiveness. References = CRISC Review Manual, 7th Edition, page 154.

The number of emergency change requests is the most important factor to review when confirming whether implemented controls are operating effectively, as it indicates the frequency and severity of incidents or issues that require urgent changes to the controls, and may reflect the control deficiencies or failures. The results of benchmarking studies, the results of risk assessments, and the maturity model are not the most important factors, as they are more related to the comparison, evaluation, or improvement of the controls, respectively, rather than the confirmation of the control effectiveness. References = CRISC Review Manual, 7th Edition, page 154.