CRISC Exam Dumps - Certified in Risk and Information Systems Control

Risk culture is the foundation upon which ERM is built. It dictates how employees perceive, communicate, and act on risk. A strong risk culture ensures consistency in risk behaviors, supports governance, and sustains long-term effectiveness of the ERM.

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 best recommendation to address the situation where personal information from the production environment is required for testing purposes in non-production environments is to de-identify data before being transferred to the test environment. De-identification is the process of removing or modifying any personally identifiable information (PII) or other sensitive data from the data sets, such as names, addresses, phone numbers, email addresses, etc., so that the data cannot be traced back to specific individuals. De-identification protects the privacy and confidentiality of the data, while still allowing for testing, analysis, or training purposes. Enabling data encryption, preventing the use of production data, and enforcing multi-factor authentication are also useful measures, but they do not eliminate the risk of data breaches or unauthorized access to PII. References = Risk and Information Systems Control Study Manual, Chapter 3, Section 3.3.1, page 3-21.

The percent of patches implemented within established timeframe is the best metric to demonstrate the effectiveness of an organization’s patch management process, as it measures how well the organization meets its patching objectives and reduces its exposure to vulnerabilities. This metric reflects the timeliness, completeness, and quality of the patching process, and can be compared against the organization’s patch management policy and standards. A high percent of patches implemented within established timeframe indicates that the organization has a mature and efficient patch management process that minimizes the risk of security breaches or operational disruptions due to unpatched systems.

The best course of action for a risk practitioner who finds that the approved risk action plan has not been completed but other risk mitigation actions have been implemented is to verify the sufficiency of mitigating controls with the risk owner. This is because the risk owner is the person who is accountable for the risk and the risk response strategy, and therefore should be consulted to ensure that the alternative actions are adequate and effective in reducing the risk to an acceptable level. The other options are not the best course of action, although they may also be performed after verifying the sufficiency of mitigating controls with the risk owner. Reviewing the cost-benefit of mitigating controls, marking the risk status as unresolved within the risk register, and updating the risk register with implemented mitigating actions are secondary actions that depend on the outcome of the verification process. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 4, Section 4.3.2, p. 193.

ï‚· AI in Heuristic Security Systems:

Heuristic security systems use artificial intelligence (AI) to identify and respond to potential threats by learning from data patterns and behaviors.

ï‚· Risk of Misclassification:

During the baselining process, AI systems establish what is considered normal behavior. If malicious activity is present during this period, it may be incorrectly classified as normal.

This misclassification can lead to undetected security breaches, as the system will not recognize these activities as threats in the future.

ï‚· Impact of Misclassification:

Misclassified malicious activities can lead to significant security risks, allowing attackers to operate undetected within the system.

It undermines the effectiveness of the heuristic system, reducing its ability to protect the organization from real threats.

ï‚· Comparing Other Risks:

Less Reliance on Human Intervention:This is a general concern but does not directly impact the accuracy of threat detection.

Difficulty in Risk Assessments:While a challenge, it is not the greatest risk compared to misclassification of malicious activity.

Outdated Patterns:While a concern, the primary risk lies in initial misclassification during baselining.

ï‚· References:

The CRISC Review Manual discusses the challenges of AI in security systems, particularly the risk of misclassification during the learning phase (CRISC Review Manual, Chapter 4: Information Technology and Security, Section 4.7.4 Artificial Intelligence) .

Potential theft of personal information should be of greatest concern for an organization that has detected unauthorized logins to its client database servers, as it poses a serious threat to theconfidentiality, integrity, and availability of the client data and the reputation and trust of the organization. Potential theft of personal information is a scenario that involves the unauthorized access, disclosure, or use of the client data by malicious actors, such as hackers, competitors, or insiders. Potential theft of personal information can have significant impacts and consequences for the organization and its clients, such as:

It can compromise the privacy and security of the client data, and expose the clients to identity theft, fraud, or blackmail.

It can violate the legal and regulatory obligations and requirements of the organization, such as the General Data Protection Regulation (GDPR), the Health Insurance Portability and Accountability Act (HIPAA), or the Payment Card Industry Data Security Standard (PCI DSS), and result in fines, penalties, or lawsuits.

It can damage the reputation and credibility of the organization, and erode the confidence and loyalty of the clients, and lead to loss of business or market share.

The other options are not the greatest concerns for an organization that has detected unauthorized logins to its client database servers. Potential increase in regulatory scrutiny is a possibleconsequence of the unauthorized logins, as it may trigger audits, investigations, or sanctions by the relevant authorities, but it is not the most critical or immediate concern. Potential system downtime is a possible consequence of the unauthorized logins, as it may disrupt or degrade the performance or availability of the database servers or the applications that depend on them, but it is not the most severe or lasting concern. Potential legal risk is a possible consequence of the unauthorized logins, as it may expose the organization to litigation or liability claims by the affected clients or parties, but it is not the most direct or urgent concern. References = Data Breach Response: A Guide for Business - Federal Trade Commission, IT Risk Resources | ISACA, How to Prevent Unauthorized Access to Your Database - ScaleGrid

A risk register is a document that records and tracks the information and status of the identified risks and their responses. It includes the risk description, category, source, cause, impact, probability, priority, response, owner, action plan, status, etc.

A risk profile is a summary or representation of the organization’s exposure or level of risk, based on the results of the risk assessment and evaluation. A risk profile can show the distribution and comparison of the risks based on various criteria, such as likelihood, impact, category, source, etc. A risk profile can also indicate the organization’s risk appetite and tolerance, and the gaps or opportunities for improvement.

The primary benefit of maintaining an up-to-date risk register is that it helps to build a risk profile for management review, because it provides the data and information that are necessary and relevant for creating and updating the risk profile, and for communicating and reporting the risk profile to the management. Maintaining an up-to-date risk register can help to build a risk profile for management review by providing the following benefits:

It can ensure that the risk profile reflects the current and accurate state and performance of the organization’s risk management function, and that it covers all the relevant and significant risks that may affect the organization’s objectives and operations.

It can provide useful references and benchmarks for the identification, analysis, evaluation, and communication of the risks and their responses, and for the alignment and integration of the risks and their responses with the organization’s strategy and culture.

It can support the decision making and planning for the risk management function, and for the allocation and optimization of the resources, time, and budget for the risk management function.

The other options are not the primary benefits of maintaining an up-to-date risk register, because they do not address the main purpose and benefit of building a risk profile for management review, which is to summarize and represent the organization’s exposure or level of risk, and to communicate and report it to the management.

Implementing uniform controls for common risk scenarios means applying and enforcing the same or similar controls or countermeasures for the risks that have the same or similar characteristics or features, such as source, cause, impact, etc. Implementing uniform controls for common risk scenarios can help to ensure the consistency and efficiency of the risk management function, but it is not the primary benefit of maintaining an up-to-date risk register, because itdoes not summarize or represent the organization’s exposure or level of risk, and it may not be relevant or appropriate for the organization’s objectives and needs.

Ensuring business unit risk is uniformly distributed means ensuring that the risks that are associated with the different business units or divisions of the organization are balanced or equalized, and that they do not exceed or fall below the organization’s risk appetite and tolerance. Ensuring business unit risk is uniformly distributed can help to optimize the performance and profitability of the organization, but it is not the primary benefit of maintaining an up-to-date risk register, because it does not summarize or represent the organization’s exposure or level of risk, and it may not be feasible or realistic for the organization.

Quantifying the organization’s risk appetite means measuring and expressing the amount and type of risk that the organization is willing and able to accept or take, in pursuit of its objectives and goals. Quantifying the organization’s risk appetite can help to establish and communicate the boundaries and expectations for the organization’s risk management function, but it is not the primary benefit of maintaining an up-to-date risk register, because it does not summarize or represent the organization’s exposure or level of risk, and it may not be consistent or compatible with the organization’s strategy and culture. References =

ISACA, CRISC Review Manual, 7th Edition, 2022, pp. 19-20, 23-24, 27-28, 31-32, 40-41, 47-48, 54-55, 58-59, 62-63

ISACA, CRISC Review Questions, Answers & Explanations Database, 2022, QID 201

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