CRISC Exam Dumps - Certified in Risk and Information Systems Control

The best way to prevent future occurrences of active network accounts belonging to former employees is to conduct a comprehensive review of access management processes. This review should include verifying that the access rights of all employees are updated regularly, especially when they change roles or leave the organization. The review should also ensure that there are clear policies and procedures for granting, modifying, and revoking access rights, and that these are followed consistently and documented properly. The review should also identify and address any gaps or weaknesses in the access management processes that could lead to unauthorized orinappropriate access. By conducting a comprehensive review of access management processes, the organization can improve its security posture and reduce the risk of data breaches or misuse of resources. References = IT audit: The ultimate guide [with checklist] | Zapier, IT auditing and controls – planning the IT audit [updated 2021]

Reviewing the impact to the IT environment is the most important task for a risk practitioner to perform after the announcement of a new IT regulatory requirement, because it helps to identify and assess the gaps and risks that the new requirement may introduce or affect. A regulatory requirement is a rule or standard that an organization must comply with to meet the expectations of a regulator, such as a government agency or an industry body. A new regulatory requirement may impose new obligations, restrictions, or expectations on the organization, especially on its IT environment, which supports the business processes and functions. Therefore,reviewing the impact to the IT environment is the first step to understand the implications and implications of the new requirement, and to plan the appropriate actions to achieve compliance. Preparing an IT risk mitigation strategy, escalating to senior management, and performing a cost-benefit analysis are all important tasks to perform after reviewing the impact to the IT environment, but they are not the most important task, as they depend on the results of the impact review. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.3.1, page 153

To make well-informed cybersecurity risk decisions, it is most important to determine and understand the risk rating of scenarios. A risk rating is a measure of the severity and priority of a risk, based on the combination of its impact and likelihood. A risk scenario is a description of a potential event or situation that could adversely affect the organization’s objectives, assets, or processes. By determining and understanding the risk rating of scenarios, the organization can identify the most critical and urgent risks, and select the appropriate risk response strategies accordingly. The other options are not as important as determining and understanding the risk rating of scenarios, because they do not provide a clear and comprehensive view of the risk, butrather focus on specific or partial aspects of the risk management process. References = Risk and Information Systems Control Study Manual, Chapter 2, Section 2.3.1, page 45.

According to the ISACA Risk and Information Systems Control study guide and handbook, the information owner is the official with statutory or operational authority for specified information and responsibility for establishing the controls for its generation, collection, processing, dissemination, and disposal. The information owner is also responsible for authorizing access to the information within their domain, based on the principle of least privilege and the need to know. Therefore, the information owner should be accountable for authorizing information system access to internal users12

1: ISACA Risk and Information Systems Control Study Guide, 4th Edition, page 33 2: ISACA Risk and Information Systems Control Handbook, 1st Edition, page 25

The control owner is the person who is accountable for ensuring that a control is designed, implemented, and operated effectively to mitigate risk. The control owner is also responsible for monitoring the performance of the control and reporting any issues or deficiencies. The risk manager is the person who oversees the risk management process and ensures that risks are identified, assessed, and treated appropriately. The control operator is the person who executes the control activities on a day-to-day basis. The risk treatment owner is the person who is accountable for implementing the risk response strategy and ensuring that the residual risk is within the acceptable level. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 4, Section 4.2.1, p. 181.

Periodically reviewing big data strategies is the best option to minimize the risk of inaccurate data, because it allows the organization to assess the quality, validity, and reliability of the data sources and the analytics methods. It also enables the organization to identify and address any gaps, errors, or inconsistencies in the data and the results. By reviewing the big data strategies, the organization can ensure that the data analytics are aligned with the business objectives and the risk appetite.

Establishing an intellectual property agreement is not relevant to the risk of inaccurate data, as it is a legal measure to protect the ownership and use of the data, not its quality or accuracy.

Evaluating each of the data sources for vulnerabilities is a good practice, but it is not sufficient to minimize the risk of inaccurate data, as it only focuses on the security aspect of the data, not the validity or reliability of the data itself.

Benchmarking to industry best practice is a useful way to compare the performance and results of the data analytics, but it does not directly address the risk of inaccurate data, as it assumes that the data and the methods are already valid and reliable. References = Risk IT Framework, 2nd Edition, ISACA, 2019, page 62-63.

Risk mitigation is most effective when the residual risk is optimized, as it means that the risk exposure and impact have been reduced to the level that is aligned with the risk tolerance and appetite of the organization, and that the risk response is cost-effective and optimal. The other options are not the factors that determine the effectiveness of risk mitigation, as they are more related to the types or sources of risk, respectively, rather than the level or outcome of risk. References = CRISC Review Manual, 7th Edition, page 111.