CRISC Exam Dumps - Certified in Risk and Information Systems Control

The best tool to help prioritize investment efforts in the organization’s cybersecurity program is to review the outcome of the latest security risk assessment. A security risk assessment is a process of identifying, analyzing, and evaluating the risks associated with the confidentiality, integrity, and availability of the organization’s information assets and systems. By reviewing the outcome of the security risk assessment, senior management can identify the most critical and urgent risks, and allocate the resources and fundsaccordingly. Analyzing cyber intelligence reports, engaging independent cybersecurity consultants, and increasing the frequency of updates to the risk register are other possible tools, but they are not as effective as reviewing the outcome of the security risk assessment. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 12; CRISC Review Manual, 6th Edition, page 215.

 The primary objective for requiring an independent review of an organization’s IT risk management process should be to assess gaps in IT risk management operations and strategicfocus, as this helps to identify the strengths and weaknesses of the current process, and to provide recommendations for improvement and alignment with the enterprise’s objectives and environment. An independent review is an objective and unbiased evaluation of the IT risk management process by a qualified and competent party that is not involved in the process. An independent review can help to ensure the quality, effectiveness, and efficiency of the IT risk management process, as well as to enhance the credibility and confidence of the process. Confirming that IT risk assessment results are expressed as business impact, verifying implemented controls to reduce the likelihood of threat materialization, and ensuring IT risk management is focused on mitigating potential risk are not the primary objectives for requiring an independent review of an organization’s IT risk management process, but rather the expected outcomes or benefits of the independent review. References = CRISC Certified in Risk and Information Systems Control – Question219; ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 219.

An organization’s account provisioning process is the process of creating, modifying, or deleting user accounts and access rights for the organization’s information systems and resources. It involves defining the access requirements, policies, and standards, and implementing and enforcing them across the organization.

The best evidence of the effectiveness of an organization’s account provisioning process is entitlement reviews, which are the periodic or regular reviews and validations of the user accounts and access rights that are granted or assigned to the users or entities that interact with the organization’s information systems and resources. Entitlement reviews can provide assurance and verification that the account provisioning process is accurate, consistent, and compliant, and that it meets the organization’s security and business objectives and requirements.

Entitlement reviews can be performed using various techniques, such as automated tools, reports, audits, surveys, etc. Entitlement reviews can also be integrated with the organization’s governance, risk management, and compliance functions, and aligned with the organization’s policies and standards.

The other options are not the best evidence of the effectiveness of an organization’s account provisioning process, because they do not provide the same level of assurance and verification that the account provisioning process is accurate, consistent, and compliant, and that it meets the organization’s security and business objectives and requirements.

User provisioning is the process of creating, modifying, or deleting user accounts and access rights for a specific user or entity, based on their identity, role, or function in the organization. User provisioning is an important part of the account provisioning process, but it is not the best evidence of the effectiveness of the account provisioning process, because it does not indicate whether the user accounts and access rights are appropriate and authorized, and whether they comply with the organization’s policies and standards.

Role-based access controls are the controls that grant or restrict user accounts and access rights based on the predefined roles or functions that the users or entities perform or assume in the organization. Role-based access controls are an important part of the account provisioningprocess, but they are not the best evidence of the effectiveness of the account provisioning process, because they do not indicate whether the roles or functions are defined and assigned correctly and consistently, and whether they comply with the organization’s policies and standards.

Security log monitoring is the process of collecting, analyzing, and reporting on the security events or activities that are recorded or logged by the organization’s information systems and resources. Security log monitoring is an important part of the account provisioning process, but it is not the best evidence of the effectiveness of the account provisioning process, because it does not indicate whether the security events or activities are legitimate or authorized, and whether they comply with the organization’s policies and standards. References =

ISACA, CRISC Review Manual, 7th Edition, 2022, pp. 40-41, 47-48, 54-55, 58-59, 62-63

ISACA, CRISC Review Questions, Answers & Explanations Database, 2022, QID 173

CRISC Practice Quiz and Exam Prep

Artificial intelligence (AI) solutions can offer significant benefits to an organization, such as improved efficiency, accuracy, and innovation. However, AI also poses new challenges and risks that need to be considered and addressed by senior management. Some of these risks include:

Ethical and social risks: AI solutions may have unintended or undesirable impacts on human values, rights, and behaviors, such as privacy, fairness, accountability, and transparency. For example, AI systems may exhibit bias, discrimination, or manipulation, or may infringe on personal data or autonomy.

Technical and operational risks: AI solutions may have vulnerabilities, errors, or failures that affect their performance, reliability, or security. For example, AI systems may be subject to hacking, tampering, or misuse, or may malfunction or produce inaccurate or harmful outcomes.

Legal and regulatory risks: AI solutions may have unclear or conflicting legal or regulatory implications or obligations, such as liability, compliance, or governance. For example, AI systems may raise questions about ownership, responsibility, or accountability, or may violate existing laws or regulations, or create new ones.

Therefore, a risk practitioner should communicate to senior management that AI potentially introduces new types of risk that need to be identified, assessed, and managed in alignment with the organization’s objectives, values, and risk appetite. References = ISACA CRISC Review Manual, 7th Edition, Chapter 3, Section 3.2.2, page 113.

The primary objective of promoting a risk-aware culture within an organization is enabling risk-based decision making, because this helps the organization to achieve its goals and objectives while managing its risks effectively and efficiently. A risk-aware culture is one where everyone understands the organization’s approach to risk, takes personal responsibility to manage risk in everything they do, and encourages others to follow their example. A risk-aware culture also fosters communication, collaboration, and learning about risk across the organization. By promoting a risk-aware culture, the organization can empower its employees to make informed and balanced decisions that consider both the potential benefits and the potential risks of their actions. This can enhance the organization’s performance, resilience, and competitiveness in a dynamic and uncertain environment. References = Risk IT Framework, ISACA, 2022, p. 17

The most concerning issue when reviewing the results of an independent control assessment to determine the effectiveness of a vendor’s control environment is that the controls had recurring noncompliance. This indicates that the vendor’s controls are not operating as intended or designed, and that the vendor is not taking corrective actions to address the control deficiencies. This can increase the risk exposure and liability for the organization that outsources the service or function to the vendor. The report being provideddirectly from the vendor, the risk associated with multiple control gaps being accepted, and the control owners disagreeing with the auditor’s recommendations are other possible issues, but they are not as critical as the recurring noncompliance. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 11; CRISC Review Manual, 6th Edition, page 144.

The most important input into the assessment of the risk of shadow IT usage is the classification of the data that is being processed, stored, or transmitted by the unauthorized applications or devices. This determines the level of confidentiality, integrity, and availability that is required for the data and the potential impact of a breach or loss. Business benefits of shadow IT, application-related expenses, and volume of data are less important inputs that may affect the risk analysis, but not as much as the data classification. References = Risk IT Framework, 2nd Edition, page 28; CRISC Review Manual, 6th Edition, page 98.

Ensuring Timely Recovery of Critical Business Operations:

Primary Focus: The primary focus of a Disaster Recovery Management (DRM) framework is to ensure that critical business operations can be recovered and resumed in a timely manner after a disruption.

Business Continuity: Timely recovery of operations is essential for maintaining business continuity and minimizing the impact of disruptions on the organization’s ability to deliver products and services.

Recovery Objectives: Establishing clear recovery time objectives (RTOs) and recovery point objectives (RPOs) ensures that critical operations are prioritized and recovery efforts are aligned with business needs.

Comparison with Other Options:

Restoring IT and Cybersecurity Operations: While important, this is part of the broader goal of recovering critical business operations.

Assessing Impact and Probability of Disaster Scenarios: This is a preparatory step that informs the DRM framework but is not the primary focus.

Determining Capacity for Alternate Sites: This is a component of the DRM strategy but supports the primary focus of ensuring timely recovery.

Best Practices:

Comprehensive Planning: Develop comprehensive disaster recovery plans that prioritize the recovery of critical business operations.

Regular Testing: Regularly test and update disaster recovery plans to ensure they remain effective and aligned with business objectives.

Cross-Functional Collaboration: Involve all relevant business units in disaster recovery planning to ensure a coordinated and effective response.