CRISC Exam Dumps - Certified in Risk and Information Systems Control

A cost-benefit analysis is a tool that compares the costs and benefits of different alternatives, such as implementing or not implementing a specific control. A cost-benefit analysis provides the most useful information when determining if a specific control should be implemented, as it can show the potential savings, benefits, and risks of each option, and help the decision-makers choose the best course of action. A cost-benefit analysis can also include qualitative factors, such as security, compliance, performance, and customer satisfaction, that may be affected by thecontrol implementation. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, Question 256. CRISC: Certified in Risk & Information Systems Control Sample Questions, Question 256. Most Asked CRISC Exam Questions and Answers, Question 10. CRISC by Isaca Actual Free Exam Q&As, Question 9.

The primary purpose of creating and documenting control procedures is to help manage risk to acceptable tolerance levels. Control procedures are the specific actions or steps that are performed to achieve the control objectives and mitigate the risks. Control procedures should be documented to provide clear guidance, consistency, and accountability for the control activities. Documenting control procedures also helps to monitor and evaluate the effectiveness andefficiency of the controls, and to identify and address any gaps or weaknesses. The other options are not the primary purpose of creating and documenting control procedures, although they may be secondary benefits or outcomes. References = Risk and Information Systems Control Study Manual, Chapter 1, Section 1.3.2, page 1-15.

The risk practitioner is responsible for determining which stakeholders need to be involved in the development of a risk scenario, as they have the knowledge and skills to facilitate the process and ensure that the relevant perspectives and information are considered. The risk owner, the compliance manager, and the control owner are examples of stakeholders who may participate in the risk scenario development, but they are not responsible for determining who should be involved. References = Risk Scenarios Toolkit, page 9; CRISC Review Manual, 7th Edition, page 101.

 The primary reason to report the information about the new risk scenarios identified after the implementation of Internet of Things (IoT) devices to risk owners is to confirm the impact to the risk profile. The risk profile is a summary of the level and nature of the risks that the organization faces or may face in the future. The risk profile reflects the risk appetite, tolerance, and capacity of the organization, and guides the risk management decisions and actions. The implementation of IoT devices may introduce new risks or increase the likelihood or impact of existing risks, such as data privacy, security, or interoperability issues. Therefore, the information about the new risk scenarios should be reported to the risk owners, who have the authority and responsibility for managing the risks and their responses, to confirm the impact to the risk profile and to determine the appropriate risk treatment plans. The other options are not asprimary as confirming the impact to the risk profile, as they are related to the reevaluation, mitigation, or recommendation of the IoT devices, not the confirmation or assessment of the risk profile. References = Risk and Information Systems Control Study Manual, Chapter 1: IT Risk Identification, Section 1.2: IT Risk Register, page 19.

The best way to test the operational effectiveness of a data backup procedure is to perform a complete restoration of every file to a clean system and verify that there has not been any data corruption or loss. This will ensure that the backup procedure can successfully recover the data in the event of a disaster or incident. The other options are not sufficient to test the operational effectiveness of a data backup procedure, as they do not involve actually restoring the data and verifying its integrity and usability. References = How to review and test backup procedures to ensure data restoration; HOW TO TEST DATA BACKUPS: A BRIEF GUIDE; How to Test a Database Backup

Biometric systems are preventive controls designed to restrict access to authorized personnel only, thereby proactively mitigating unauthorized access risks. This aligns withAccess and Authentication Controlprinciples in risk management.

The accuracy of a key risk indicator (KRI) is the degree to which the indicator reflects the true level and trend of the risk. It is most important that the indicator is correlated to risk and tracks variances in the risk, as this ensures that the indicator is relevant, reliable, and responsive to the risk situation. A correlated indicator has astrong and consistent relationship with the risk, meaning that changes in the indicator reflect changes in the risk. A variance-tracking indicator measures the difference between the actual and expected risk level, meaning that the indicator can detect and report deviations from the risk appetite or threshold. According to the CRISC Review Manual 2022, correlation and variance tracking are two of the key characteristics of an effective KRI1. According to the CRISC Review Questions, Answers & Explanations Manual 2022, correlation and variance tracking are the correct answer to this question2.

Assigning the indicator to IT processes and projects with a low level of risk, having a high correlation with the process outcome, and triggering response based on risk thresholds are not the most important factors for determining the accuracy of a KRI. These factors may be useful or desirable, but they do not directly affect the accuracy of the indicator. Assigning the indicator to IT processes and projects with a low level of risk may reduce the complexity and uncertainty ofthe indicator, but it may also limit the scope and value of the indicator. Having a high correlation with the process outcome may indicate that the indicator is aligned with the business objectives, but it may not capture the risk factors or drivers that affect the outcome. Triggering response based on risk thresholds may indicate that the indicator is actionable and timely, but it may not reflect the actual or potential changes in the risk level.