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CRISC Part 1 – Questions With Detailed Answers
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CRISC Part 1 – Questions With Detailed Answers
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CRISC Part 1 – Questions With Detailed AnswersWhat is the primary force for driving privacy? Right Ans - Regulation
What is Confidentiality? Right Ans - Maintains the secrecy and privacy of
data
"need to know / least privilege"
What is Integrity? Right Ans - Guarding against improper information
modification, exclusion, or destruction
"authenticity"
What is Availability? Right Ans - Providing timely and reliable access to
information
What is the order of Information Security Risk Management Process steps?
Right Ans - 1) Context Establishment
2) Risk Identification
3) Risk Analysis
4) Risk Evaluation
5) Risk Treatment
What does the Risk Identification Process involve? Right Ans - 1) Identify
Assets
2) Identify Threats
3) Identify Existing Controls
4) Identify Vulnerabilities
5) Identify Consequences
6) Risk Estimation
What are examples of Threats? Right Ans - personnel, natural events, theft,
terrorism, criminal acts, software errors, mechanical failure, accidents
The IT risk action plan is an output communication from? Right Ans - Chief
Risk Officer and the Enterprise Risk Management Committee
, What is risk Magnitude? Right Ans - The impact to the enterprise when the
event occurs
What are synonyms for Frequency and Magnitude? Right Ans - Likelihood
and Impact
What is Risk Appetite? Right Ans - The amount of risk, on a broad level,
that an entity is willing tot accept in pursuit of its mission
What is Risk Tolerance? Right Ans - The acceptable level of variation that
management is willing to allow for any particular risk as it pursues its
objectives
What does Risk Governance address? Right Ans - Oversight of the business
risk strategy for the enterprise
What are the 3 objectives of Risk Governance? Right Ans - 1) Establish a
common risk view
2) Integrate risk management into the enterprise
3) Make risk-aware business decisions
What are the 5 components of Governance? Right Ans - 1) Alignment
2) Value Delivery
3) Risk Management
4) Performance Measurement
5) Resource Management
What is the difference between Responsibility and Accountability? Right
Ans - Responsibility belong to those who must ensure that activities are
completed successfully
VS
Accountability which applies to those who either own the required resource
or those who have the authority to approve the execution and/or accept the
outcome of an activity
What is another term for IT Risk Scenario Analysis? Right Ans - Stress Test
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