[Nov 13, 2022] Dumps Collection CRISC Test Engine Dumps Training With 1014 Questions
ISACA CRISC Dumps - 100% Cover Real Exam Questions
How to book the CRISC Exam
These are following steps for registering the CRISC exam. Step 1: Pass the CISA examination within the last five years Step 1: Pass the CRISC examination within the last five years Step 2: Candidate has a minimum of five years in CRISC job practice area Step3: Apply for CRISC certification with $50 USD processing fee
For more detail visit this link Apply for certification
Risk Response Mitigation: 23%
- Revise a risk register to include changes in risk and risk response management;
- Certify the execution of risk responses based on risk action plans.
- Establish the options for risk response and measure their risk management effectiveness and efficiency in alignment with the business objectives;
- Consult with the stakeholders on design, implementation, or adjustment in mitigation controls to ascertain that risks are managed to a certain acceptable level;
- Discuss with or help the risk owners on risk action development plans to incorporate key elements in development plans;
NEW QUESTION 342
Which of the following is the GREATEST benefit to an organization when updates to the risk register are made promptly after the completion of a risk assessment?
- A. Improved collaboration among risk professionals
- B. Enhanced awareness of risk management
- C. Improved senior management communication
- D. Optimized risk treatment decisions
Answer: D
NEW QUESTION 343
Which of the following type of risk could result in bankruptcy?
- A. Negligible
- B. Marginal
- C. Catastrophic
- D. Critical
Answer: C
Explanation:
Section: Volume B
Explanation:
Catastrophic risk causes critical financial losses that have the possibility of bankruptcy.
Incorrect Answers:
A: Marginal risk causes financial loss in a single line of business and a reduced return on IT investment.
B: It causes minimal impact on a single line of business affecting their ability to deliver services or products.
C: Critical risk causes serious financial losses in more than one line of business with a loss in productivity.
NEW QUESTION 344
An organization has made a decision to purchase a new IT system. During when phase of the system development life cycle (SDLC) will identified risk MOST likely lead to architecture and design trade-offs?
- A. Operation and maintenance
- B. Initiation
- C. Implementation
- D. Acquisition
Answer: B
NEW QUESTION 345
Which of the following is MOST appropriate method to evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives?
- A. Communication with business process stakeholders
- B. Compliance-oriented gap analysis
- C. Mapping of compliance requirements to policies and procedures
- D. Compliance-oriented business impact analysis
Answer: D
Explanation:
Explanation/Reference:
Explanation:
A compliance-oriented BIA will identify all the compliance requirements to which the enterprise has to align and their impacts on business objectives and activities. It is a discovery process meant to uncover the inner workings of any process. Hence it will also evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives.
Incorrect Answers:
A: Communication with business process stakeholders is done so as to identify the business objectives, but it does not help in identifying impacts.
C: Compliance-oriented gap analysis will only identify the gaps in compliance to current requirements and will not identify impacts to business objectives.
D: Mapping of compliance requirements to policies and procedures will identify only the way the compliance is achieved but not the business impact.
NEW QUESTION 346
You are the project manager of your enterprise. You have identified new threats, and then evaluated the ability of existing controls to mitigate risk associated with new threats. You noticed that the existing control is not efficient in mitigating these new risks. What are the various steps you could take in this case?
Each correct answer represents a complete solution. (Choose three.)
- A. Deployment of a threat-specific countermeasure
- B. Modify of the technical architecture
- C. Apply more controls
- D. Education of staff or business partners
Answer: A,B,D
Explanation:
Explanation/Reference:
Explanation:
As new threats are identified and prioritized in terms of impact, the first step is to evaluate the ability of existing controls to mitigate risk associated with new threats and if it does not work then in that case facilitate the:
Modification of the technical architecture
Deployment of a threat-specific countermeasure
Implementation of a compensating mechanism or process until mitigating controls are developed
Education of staff or business partners
Incorrect Answers:
D: Applying more controls is not the good solution. They usually complicate the condition.
NEW QUESTION 347
Which of the following role carriers will decide the Key Risk Indicator of the enterprise?
Each correct answer represents a part of the solution. Choose two.
- A. Senior management
- B. Chief financial officer
- C. Business leaders
- D. Human resource
Answer: A,C
Explanation:
Explanation/Reference:
Explanation:
An enterprise may have hundreds of risk indicators such as logs, alarms and reports. The CRISC will usually need to work with senior management and business leaders to determine which risk indicators will be monitored on a regular basis and be recognized as KRIs.
Incorrect Answers:
C, D: Chief financial officer and human resource only overview common risk view, but are not involved in risk based decisions.
NEW QUESTION 348
When developing a business continuity plan (BCP), it is MOST important to:
- A. prioritize critical services to be restored
- B. identify an alternative location to host operations
- C. develop a multi-channel communication plan
- D. identify a geographically dispersed disaster recovery site
Answer: D
Explanation:
Explanation/Reference:
Reference: https://www.isaca.org/Groups/Professional-English/it-audit-tools-and-techniques/ GroupDocuments/bus_continuity_plan.pdf
NEW QUESTION 349
A multinational organization is considering implementing standard background checks to' all new employees A KEY concern regarding this approach
- A. be too line consuming
- B. fail to identity all relevant issues.
- C. violate laws in other countries
- D. be too costly
Answer: C
NEW QUESTION 350
Which of the following would be considered a vulnerability?
- A. Server downtime due to a denial of service (DoS) attack
- B. Delayed removal of employee access
- C. Authorized administrative access to HR files
- D. Corruption of files due to malware
Answer: B
NEW QUESTION 351
Print jobs containing confidential information are sent to a shared network printer located in a secure room. Which of the following is the BEST control to prevent the inappropriate disclosure of confidential information?
- A. Ensuring printer parameters are properly configured
- B. Requiring a printer access code for each user
- C. Using video surveillance in the printer room
- D. Using physical controls to access the printer room
Answer: B
NEW QUESTION 352
Risk management strategies are PRIMARILY adopted to:
- A. avoid risk for business and IT assets.
- B. achieve compliance with legal requirements.
- C. take necessary precautions for claims and losses.
- D. achieve acceptable residual risk levels.
Answer: D
NEW QUESTION 353
Which of the following is the MOST important component of effective security incident response?
- A. Network time protocol synchronization
- B. A documented communications plan
- C. Early detection of breaches
- D. Identification of attack sources
Answer: C
NEW QUESTION 354
In response to the threat of ransomware, an organization has implemented cybersecurity awareness activities.
The risk practitioner's BEST recommendation to further reduce the impact of ransomware attacks would be to implement:
- A. continuous data backup controls.
- B. encryption for data in motion.
- C. encryption for data at rest.
- D. two-factor authentication.
Answer: A
NEW QUESTION 355
A risk owner should be the person accountable for:
- A. implementing actions.
- B. managing controls.
- C. the risk management process
- D. the business process.
Answer: A
NEW QUESTION 356
Which of the following tools is MOST effective in identifying trends in the IT risk profile?
- A. Risk register
- B. Risk map
- C. Risk dashboard
- D. Risk self-assessment
Answer: C
NEW QUESTION 357
Which of the following is the BEST way to ensure ongoing control effectiveness?
- A. Establishing policies and procedures
- B. Obtaining management control attestations
- C. Measuring trends in control performance
- D. Periodically reviewing control design
Answer: D
NEW QUESTION 358
An organization has recently hired a large number of part-time employees. During the annual audit, it was discovered that many user IDs and passwords were documented in procedure manuals for use by the part- time employees. This situation would be considered:
- A. a threat
- B. an incident
- C. a vulnerability
- D. a risk
Answer: C
Explanation:
Section: Volume D
NEW QUESTION 359
Which of the following is the MOST important factor when deciding on a control to mitigate risk exposure?
- A. Relevance to the business process
- B. Comparison against best practice
- C. Regulatory compliance requirements
- D. Cost-benefit analysis
Answer: A
Explanation:
Section: Volume D
Explanation/Reference:
NEW QUESTION 360
Which of the following is the PRIMARY purpose of periodically reviewing an organization's risk profile?
- A. Update risk responses in the risk register
- B. Enable risk-based decision making.
- C. Align business objectives with risk appetite.
- D. Design and implement risk response action plans.
Answer: B
NEW QUESTION 361
Which of the following is the MOST important input when developing risk scenarios?
- A. Business objectives
- B. Risk appetite
- C. Key performance indicators
- D. The organization's risk framework
Answer: A
NEW QUESTION 362
Improvements in the design and implementation of a control will MOST likely result in an update to:
- A. risk tolerance
- B. residual risk
- C. risk appetite
- D. inherent risk
Answer: A
Explanation:
Section: Volume D
NEW QUESTION 363
Which of the following operational risks ensures that the provision of a quality product is not overshadowed by the production costs of that product?
- A. Project activity risks
- B. Profitability operational risks
- C. Contract and product liability risks
- D. Information security risks
- E. Explanation:
Profitability operational risks focus on the financial risks which encompass providing a quality product that is cost-effective in production. It ensures that the provision of a quality product is not overshadowed by the production costs of that product.
Answer: B,E
Explanation:
is incorrect. Information security means protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, perusal, inspection, recording or destruction. Information security risks are the risks that are associated with the protection of these information and information systems. Answer: C is incorrect. Project activity risks are not associated with provision of a quality product or the production costs of that product. Answer: B is incorrect. These risks do not ensure that the provision of a quality product is not overshadowed by the production costs of that product.
NEW QUESTION 364
Which of the following is described by the definition given below?
"It is the expected guaranteed value of taking a risk."
- A. Explanation:
The Certainty equivalent value is the expected guaranteed value of taking a risk. It is derived by
the uncertainty of the situation and the potential value of the situation's outcome. - B. Risk value guarantee
- C. is incorrect. The risk premium is the difference between the larger expected value of
the risk and the smaller certainty equivalent value. - D. Certainty equivalent value
- E. Certain value assurance
- F. Risk premium
Answer: D
Explanation:
and
are incorrect. These are not valid answers.
NEW QUESTION 365
Which of the following statements are true for enterprise's risk management capability maturity level 3?
- A. Workflow tools are used to accelerate risk issues and track decisions
- B. The enterprise formally requires continuous improvement of risk management skills, based on clearly defined personal and enterprise goals
- C. Risk management is viewed as a business issue, and both the drawbacks and benefits of risk are recognized
- D. The business knows how IT fits in the enterprise risk universe and the risk portfolio view
Answer: A,C,D
Explanation:
Section: Volume A
Explanation:
An enterprise's risk management capability maturity level is 3 when:
* Risk management is viewed as a business issue, and both the drawbacks and benefits of risk are recognized.
* There is a selected leader for risk management, engaged with the enterprise risk committee, across the enterprise.
* The business knows how IT fits in the enterprise risk universe and the risk portfolio view.
* Local tolerances drive the enterprise risk tolerance.
* Risk management activities are being aligned across the enterprise.
* Formal risk categories are identified and described in clear terms.
* Situations and scenarios are included in risk awareness training beyond specific policy and structures and promote a common language for communicating risk.
* Defined requirements exist for a centralized inventory of risk issues.
* Workflow tools are used to accelerate risk issues and track decisions.
Incorrect Answers:
C: Enterprise having risk management capability maturity level 5 requires continuous improvement of risk management skills, based on clearly defined personal and enterprise goals.
NEW QUESTION 366
An organization has outsourced its billing function to an external service provider. Who should own the risk of customer data leakage caused by the service provider?
- A. Business process owner
- B. The service provider
- C. Vendor risk manager
- D. Legal counsel
Answer: A
Explanation:
Section: Volume D
NEW QUESTION 367
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Certification Path
The Certified in Risk and Information Systems Control Certification includes only one CRISC exams.
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