CRISC Exam Dumps - Certified in Risk and Information Systems Control

 The primary purpose of a business impact analysis (BIA) is to evaluate the priority of business operations in case of disruption. A BIA is a process that identifies and analyzes the potential effects of various types of disruptions on the enterprise’s critical business functions and processes. A BIA helps to determine the recovery objectives, such as the recovery time objective (RTO) and the recovery point objective (RPO), for each business operation, based on the impactof disruption on the enterprise’s objectives, reputation, compliance, and stakeholders. A BIA also helps to identify the dependencies, resources, and interdependencies of the business operations, and to rank them according to their importance and urgency. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 2, Section 2.2.1, page 671

The best recommendation to address recent IT risk trends that indicate social engineering attempts are increasing in the organization is to conduct a simulated phishing attack, as it tests the awareness and behavior of the employees in responding to a realistic and targeted email scam, and identifies the areas and individuals that need improvement or training. Updating spam filters, revising the acceptable use policy, and strengthening disciplinary procedures are not the best recommendations, as they may not address the human factor of the risk, or may be too reactive or punitive, respectively. References = CRISC Review Manual, 7th Edition, page 155.

 Process owners are the best suited to help a risk practitioner understand the impact of IT-related events on business objectives, as they have the responsibility and authority over the design, execution, and performance of business processes. Process owners are also accountable for the risks and controls associated with their processes, and they can provide valuable input and feedback on the likelihood and impact of IT-related events on the process outcomes and objectives.

The other options are not the best suited to help a risk practitioner understand the impact of IT-related events on business objectives. IT management is responsible for the delivery and support of IT services and solutions, but they may not have the full visibility or understanding of the business objectives and processes. Internal audit is responsible for providing independent and objective assurance and consulting services on the effectiveness and efficiency of governance, risk management, and control processes, but they may not have the direct involvement or influence on the business objectives and processes. Senior management is responsible for settingthe strategic direction and objectives of the organization, but they maynot have the detailed knowledge or experience of the business processes and their risks and controls. References = IT Risk Manager: Skills and Roles & Responsibilities, IT Risk Resources | ISACA, Managing information technology risk | Business Queensland

According to the CRISC Review Manual (Digital Version), the next course of action when a risk practitioner finds the IT department’s recovery time objective (RTO) for a key system does not align with the enterprise’s business continuity plan (BCP) is to consult with the IT department to update the RTO. The RTO is the maximum acceptable time that an application, computer, network, or system can be down after an unexpected disaster, failure, or comparable event takes place. The RTO should be aligned with the BCP, which is a set of policies, procedures, and resources that enable the organization to continue or resume its critical business functions in the event of a disruption. Consulting with the IT department to update the RTO helps to:

Ensure that the RTO reflects the current business requirements and expectations for the availability and recovery of the key system

Evaluate the feasibility and cost-effectiveness of achieving the RTO with the existing IT resources and capabilities

Identify and implement the necessary changes or improvements in the IT infrastructure, processes, and controls to meet the RTO

Test and validate the RTO and the IT recovery procedures and verify their compatibility and consistency with the BCP

Communicate and coordinate the RTO and the IT recovery plan with the relevant stakeholders, such as the business owner, the risk owner, and the senior management

References = CRISC Review Manual (Digital Version), Chapter 3: IT Risk Response, Section 3.3: Risk Response Options, pp. 174-1751

Prioritizing concerns based on frequency of reports is the most efficient approach to analyze the security-related concerns reported by employees, because it helps to identify and focus on the most common or recurring issues that may pose the highest risk or impact to the organization. A security-related concern is a potential or actual problem or threat that may affect the confidentiality, integrity, or availability of the organization’s IT systems or data. A service desk is a function that provides a single point of contact for users to report and resolve their IT-related issues or requests. A workflow is a sequence of steps or tasks that are performed to achieve a specific goal or outcome. A workflow for supporting employee reports of security-related concerns may include capturing, categorizing, prioritizing, assigning, and resolving the concerns. Prioritizing concerns based on frequency of reports is the most efficient approach, as it helps to optimize the use of resources and time, and to reduce the likelihood and severity of security incidents or breaches. Mapping concerns to organizational assets, sorting concerns by likelihood, and aligning concerns to key vendors are all possible approaches to analyze the security-related concerns, but they are not the most efficient approach, as they may require more data collection, analysis, or coordination, and may not reflect the urgency or importance of the concerns. References = Risk and Information Systems Control Study Manual, Chapter 5, Section 5.3.2, page 200

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.

According to the GDPR, personal data shall be collected for specified, explicit and legitimate purposes and not further processed in a manner that is incompatible with those purposes1. This means that a business unit can only use personal information for a different purpose if it has obtained the consent of the data subject, or if it has a clear legal basis or obligation to do so2. Therefore, informed consent should be the first consideration when a business unit wants to use personal information for a purpose other than for which it was originally collected.

References = GDPR Article 5 (1) (b) and Article 6 (4)1, ICO Principle (b): Purpose limitation2

 A rule-based data loss prevention (DLP) tool is a software solution that identifies and helps prevent unsafe or inappropriate sharing, transfer, or use of sensitive data. It can help an organization monitor and protect sensitive information across on-premises systems, cloud-based locations, and endpoint devices. It can also help an organization comply with regulations such as the Health Insurance Portability and Accountability Act (HIPAA) and General Data Protection Regulation (GDPR). A rule-based DLP tool works by comparing content to the organization’s DLP policy, which defines how the organization labels, shares, and protects data without exposing it to unauthorized users. The tool can then apply protective actions such as encryption, access restrictions, and alerts. As a result of implementing a rule-based DLP tool, the most likely change is the reduction of risk likelihood, which is the probability of a risk event occurring. By detecting and preventing data breaches, exfiltration, or unwanted destruction of sensitive data, a rule-based DLP tool can lower the chance of such incidents happening and thus decrease the risk likelihood. The other options are less likely to change as a result of implementing a rule-based DLP tool. Risk velocity is the speed at which a risk event impacts an organization, which depends on factors such as the nature of the threat, the response time, and the recovery process. Risk appetite is the amount and type of risk that an organization is willing to accept in pursuit of its objectives, which depends on factors such as the organization’s culture, strategy, and stakeholder expectations. Risk impact is the potential loss or damage that a risk event can cause to an organization, which depends on factors such as the severity of the incident, the extent of theexposure, andthe resilience of the organization. While a rule-based DLP tool may have some influence on these factors, it is not the primary driver of change for them. References = Risk IT Framework, ISACA, 2022, p. 13