CRISC Exam Dumps - Certified in Risk and Information Systems Control

The software version is the component of a software inventory that best enables the identification and mitigation of known vulnerabilities. The software version is the specific release or update of a software product that has a unique identifier, such as a number or a name. The software version indicates the features, functions, and security patches that are included in the software product. By knowing the software version, the organization can compare it with the latest available version and identify any missing or outdated security fixes. The organization can then mitigate the known vulnerabilities by updating or upgrading the software to the latest version. The other components of a software inventory, such as the assigned software manager, the software support contract expiration, and the software licensing information, are not as directly related tothe identification and mitigation of known vulnerabilities, although they may provide some contextual or administrative information. References = Risk and Information Systems Control Study Manual, Chapter 2, Section 2.3.2, page 2-25.

The risk owner is the person or entity that has the accountability and authority to manage a risk. The risk owner should be accountable for monitoring the control environment to ensure controls are effective, as they are responsible for implementing, maintaining, and improving the risk controls, and for reporting and communicating the risk status and performance. The risk owner should also ensure that the controls are aligned with the risk appetite and tolerance of the enterprise, and that they support the achievement of the enterprise’s objectives and value creation. References = Most Asked CRISC Exam Questions and Answers. CRISC: Certified in Risk & Information Systems Control Sample Questions, Question 244.

 Developing and communicating fraud prevention policies is the most effective way to reduce potential losses due to ongoing expense fraud because it creates a culture of integrity and accountability, sets clear expectations and consequences for employees, and deters fraudulent behavior. Implementing user access controls, performing regular internal audits, and conducting fraud prevention awareness training are also important controls, but they are more reactive and detective than preventive. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.3.2, page 4-26.

The correct answer isCbecause problem management helps anticipate potential risk byanalyzing incident trends to identify underlying issuesbefore they lead to more serious failures. Problem management is concerned with identifying recurring causes and systemic weaknesses, which makes it useful for anticipating future IT risk.

The other options are less accurate:

A. conducting regular user satisfaction surveysprovides feedback, but does not directly anticipate system risk.

B. continuously monitoring system metricsis useful, but that is more aligned with operational monitoring than problem management.

D. implementing security patches and updatesis a treatment activity, not the predictive use of problem management.

Exact Extracts supporting the answer:

“To determine the factors responsible for a loss event a risk professional should use cause-and-effect analysis.”

“After a security incident the first step toward yielding an actionable plan that effectively mitigates the risk is root cause analysis.”

“The risk register is the best tool for identifying changes in an enterprise’s risk profile.”

“The main purpose of continuous monitoring is detecting changes to the enterprise’s risk environment.”

These extracts support that identifying root causes and recurring incident patterns is the best way to anticipate future IT system risk.

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