CRISC Exam Dumps - Certified in Risk and Information Systems Control

The integrity of data should be the greatest concern for a risk practitioner upon learning of failures in a data migration activity, because it affects the accuracy, completeness, and consistency of the data that are transferred from one system or format to another. Data integrity is a property of data that ensures that the data are valid, reliable, and trustworthy, and that they have not been altered or corrupted by unauthorized or accidental means. Data migration is a process of moving or copying data from one system or format to another, usually as part of a system upgrade, consolidation, or transformation. Data migration can pose risks to the integrity of data, such as data loss, duplication, inconsistency, or corruption, due to factors such as incompatible formats, human errors, technical glitches, or malicious attacks. Therefore, the integrity of data should be the greatest concern, as it impacts the quality and usability of the data, and the performance and functionality of the system. The availability of test data, the cost overruns, and the system performance are all possible concerns for a risk practitioner, but they are not the greatest concern, as they do not directly affect the integrity of data. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.3.2, page 158

The BEST answer is A because adding emerging technology to an existing process changes the operating environment and can introduce new threats, vulnerabilities, dependencies, and uncertainty. Those changes can increase either the likelihood of a risk event, the impact of the event, or both. The uploaded CRISC notes support this by stating that business risk changes frequently, the current and future environment must be gathered when identifying and assessing IT risk, and emerging threats should be recognized and managed.

ISACA’s CRISC outline states that Domain 2: Risk Assessment covers threats and vulnerabilities to people, processes, and technology, including likelihood and impact of threats, vulnerabilities, and risk scenarios. ISACA also explains that risk scenarios should be created based on business context, system environment, and pertinent threats, and that impact can affect confidentiality, integrity, or availability of assets.

B is incorrect because changing the analysis method does not itself change the actual likelihood or impact of the risk. C is incorrect because introducing controls should normally reduce likelihood or impact. D may increase residual exposure if risk is accepted inappropriately, but acceptance does not itself change the inherent likelihood or impact of the risk scenario.

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Reporting to the Risk Committee:

Role of Risk Committee: The risk committee is responsible for overseeing the organization’s risk management practices, including identifying, assessing, and mitigating risks.

Emerging IT Risks: Reporting emerging IT risk scenarios to the committee ensures that new and evolving threats are identified and addressed proactively.

Importance of Emerging IT Risk Scenarios:

Proactive Risk Management: By staying informed about emerging risks, the committee can implement preventive measures and avoid potential impacts.

Strategic Planning: Understanding emerging risks allows for better strategic planning and resource allocation to address these risks.

Comparison with Other Options:

System Risk and Control Matrix: Useful for ongoing monitoring but may not capture new and emerging risks.

Changes to Risk Assessment Methodology: Important for refining risk management processes but not as critical as identifying new risks.

Audit Committee Charter: Relevant for governance but not directly related to proactive risk management.

Best Practices:

Regular Updates: Provide the risk committee with regular updates on emerging IT risk scenarios.

Collaborative Approach: Engage various stakeholders in identifying and reporting emerging risks.

According to the CRISC Review Manual1, impact assessment is the process of identifying and evaluating the potential effects of changes to IT services on the organization’s business objectives, processes, resources, and risks. Impact assessment is essential for ensuring that the changes are aligned with the organization’s strategy, goals, and risk appetite, and that the benefits of the changes outweigh the costs and risks. Impact assessment also helps to prioritize, plan, and implement the changes effectively and efficiently, and to monitor and measure the outcomes of the changes. Therefore, the most important factor for a risk practitioner to consider when evaluating plans for changes to IT services is the impact assessment of the change. References = CRISC Review Manual1, page 224.

 The business application owner should have the authority to accept the associated risk, because they are responsible for the performance and outcomes of the critical application, and they understand the business requirements, expectations, and impact of the application. The business application owner can also evaluate the trade-offs between the potential benefits and costs of the application, and the potential risks and consequences of a disruption or failure of the application. The business application owner can also communicate and justify their risk acceptance decision to the senior management and other stakeholders, and ensure that the risk is monitored and reviewed regularly. The other options are less appropriate to have the authority to accept the associated risk. The business continuity director is responsible for overseeing the planning and execution of the business continuity strategy, which includes ensuring the availability andresilience of the critical business processes and applications. However, they are not the owner of the application, and they may not have the full knowledge or authority to accept the risk on behalf of the business. The disaster recovery manager is responsible for managing the recovery and restoration of the IT systems and applications in the event of a disaster or disruption. However, they are not the owner of the application, and they may not have the full knowledge or authority to accept the risk on behalf of the business. The data center manager is responsible for managing the operation and maintenance of the data center infrastructure, which includes providing the physical and environmental security, power, cooling, and network connectivity for the IT systems and applications. However, they are not the owner of the application, and they may not have the full knowledge or authority to accept the risk on behalf of the business. References = Risk IT Framework, ISACA, 2022, p. 181

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.

The risk practitioner’s BEST course of action is to validate the transfer of risk and update the register to reflect the change, because outsourcing the backup and recovery procedures to a third-party cloud provider does not eliminate the risk, but rather transfers it to the service provider. The risk practitioner should verify that the service provider has adequate controls and capabilities to handle the backup and recovery procedures, and that the contractual agreement specifies the roles and responsibilities of both parties. The risk practitioner should also update the risk register to reflect the new risk owner and the residual risk level. The other options are not the best course of action, because:

Option A: Accepting the risk and documenting contingency plans for data disruption is not the best course of action, because it implies that the risk practitioner is still responsible for the risk, even though it has been transferred to the service provider. Contingency plans are also reactive measures, rather than proactive ones.

Option B: Removing the associated risk scenario from the risk register due to avoidance is not the best course of action, because it implies that the risk has been eliminated, which is not the case. The risk still exists, but it has been transferred to the service provider. The risk register should reflect the current risk status and ownership.

Option C: Mitigating the risk with compensating controls enforced by the third-party cloud provider is not the best course of action, because it implies that the risk practitioner is still involved in the risk management process, even though the risk has been transferred to the service provider. The risk practitioner should rely on the service provider’s controls and capabilities, andmonitor their performance and compliance. References = Risk and Information Systems Control Study Manual, 7th Edition, ISACA, 2020, p. 196.