[Dec 18, 2021] Fully Updated CRISC Dumps - 100% Same Q&A In Your Real Exam

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NEW QUESTION 290
Which of the following would present the GREATEST challenge when assigning accountability for control ownership?

• A. Weak governance structures
• B. Unclear reporting relationships
• C. Senior management scrutiny
• D. Complex regulatory environment

Answer: B

Explanation:
Section: Volume D
Explanation

 

NEW QUESTION 291
Which of the following is NOT true for Key Risk Indicators?

• A. They are selected as the prime monitoring indicators for the enterprise
• B. They are monitored annually
• C. They help avoid having to manage and report on an excessively large number of risk indicators
• D. The complete set of KRIs should also balance indicators for risk, root causes and business impact.

Answer: B

Explanation:
Section: Volume D
Explanation:
They are monitored on regular basis as they indicate high probability and high impact risks. As risks change over time, hence KRIs should also be monitored regularly for its effectiveness on these changing risks.
Incorrect Answers:
A, B, C: These all are true for KRIs. Key Risk Indicators are the prime monitoring indicators of the enterprise.
KRIs are highly relevant and possess a high probability of predicting or indicating important risk. KRIs help in avoiding excessively large number of risk indicators to manage and report that a large enterprise may have.
The complete set of KRIs should also balance indicators for risk, root causes and business impact, so as to indicate the risk and its impact completely.

 

NEW QUESTION 292
Which of the following BEST facilitates the mitigation of identified gaps between current and desired risk environment states?

• A. Review results of prior risk assessments.
• B. Validate organizational risk appetite.
• C. Develop a risk treatment plan.
• D. Include the current and desired states in the risk register.

Answer: C

 

NEW QUESTION 293
You are the administrator of your enterprise. Which of the following controls would you use that BEST protects an enterprise from unauthorized individuals gaining access to sensitive information?

• A. Forcing periodic password changes
• B. Using a challenge response system
• C. Providing access on a need-to-know basis
• D. Monitoring and recording unsuccessful logon attempts

Answer: C

Explanation:
Section: Volume D
Explanation:
Physical or logical system access should be assigned on a need-to-know basis, where there is a legitimate business requirement based on least privilege and segregation of duties. This is done by user authentication.
Incorrect Answers:
A: Monitoring and recording unsuccessful logon attempts does not address the risk of appropriate access rights. In other words, it does not prevent unauthorized access.
B: Forcing users to change their passwords does not ensure that access control is appropriately assigned.
C: Challenge response system is used to verify the user's identification but does not completely address the issue of access risk if access was not appropriately designed in the first place.

 

NEW QUESTION 294
You are the project manager of GHT project. Your project team is in the process of identifying project risks on your current project. The team has the option to use all of the following tools and techniques to diagram some of these potential risks EXCEPT for which one?

• A. Influence diagram
• B. Ishikawa diagram
• C. Decision tree diagram
• D. Process flowchart

Answer: C

Explanation:
Explanation/Reference:
Explanation:
Decision tree diagrams are used during the Quantitative risk analysis process and not in risk identification.
Incorrect Answers:
A, B, C: All the these options are diagrammatical techniques used in the Identify risks process.

 

NEW QUESTION 295
An organization has identified a risk exposure due to weak technical controls in a newly implemented HR system. The risk practitioner is documenting the risk in the risk register. The risk should be owned by the:

• A. chief information officer.
• B. business process owner.
• C. chief risk officer.
• D. project manager.

Answer: B

Explanation:
Section: Volume D

 

NEW QUESTION 296
IT stakeholders have asked a risk practitioner for IT risk profile reports associated with specific departments to allocate resources for risk mitigation. The BEST way to address this request would be to use:

• A. key risk indicators (KRIs)
• B. the cost associated with each control
• C. information from the risk register
• D. historical risk assessments

Answer: D

Explanation:
Section: Volume D

 

NEW QUESTION 297
An audit reveals that several terminated employee accounts maintain access. Which of the following should be the FIRST step to address the risk?

• A. Develop an access control policy.
• B. Perform root cause analysis.
• C. Disable user access.
• D. Perform a risk assessment

Answer: C

 

NEW QUESTION 298
Which of the following MOST effectively limits the impact of a ransomware attack?

• A. Cyber insurance
• B. Cryptocurrency reserve
• C. Data backups
• D. End user training

Answer: D

 

NEW QUESTION 299
What type of policy would an organization use to forbid its employees from using organizational e-mail for personal use?

• A. Anti-harassment policy
• B. Acceptable use policy
• C. Privacy policy
• D. Intellectual property policy

Answer: B

Explanation:
Section: Volume C
Explanation:
An acceptable use policy is a set of rules applied by the owner/manager of a network, website or large computer system that restrict the ways in which the network site or system may be used. Acceptable Use Policies are an integral part of the framework of information security policies.
Incorrect Answers:
A, C: These two policies are not related to Information system security.
D: Privacy policy is a statement or a legal document (privacy law) that discloses some or all of the ways a party gathers, uses, discloses and manages a customer or client's data.

 

NEW QUESTION 300
Which of the following guidelines should be followed for effective risk management?
Each correct answer represents a complete solution. Choose three.

• A. Balance the costs and benefits of managing risk
• B. Focus on enterprise's objective
• C. Promote fair and open communication
• D. Promote and support consistent performance in risk management

Answer: A,B,C

Explanation:
Explanation/Reference:
Explanation:
The primary function of the enterprise is to meet its objective. Each business activity for fulfilling enterprise's objective carries both risk and opportunity, therefore objective should be considered while managing risk.
Open and fair communication should me there for effective risk management. Open, accurate, timely and transparent information on lT risk is exchanged and serves as the basis for all risk-related decisions.
Cost-benefit analysis should be done for proper weighing the total costs expected against the total benefits expected, which is the major aspect of risk management.
Incorrect Answers:
A: For effective risk management, there should be continuous improvement, not consistent. Because of the dynamic nature of risk, risk management is an iterative, perpetual and ongoing process; that's why, continuous improvement is required.

 

NEW QUESTION 301
Which of the following statements are true for enterprise's risk management capability maturity level 3?

• A. Risk management is viewed as a business issue, and both the drawbacks and benefits of risk are recognized
• B. Workflow tools are used to accelerate risk issues and track decisions
• C. The enterprise formally requires continuous improvement of risk management skills, based on clearly defined personal and enterprise goals
• D. The business knows how IT fits in the enterprise risk universe and the risk portfolio view

Answer: A,B,D

Explanation:
Explanation/Reference:
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 302
While considering entity-based risks, which dimension of the COSO ERM framework is being referred?

• A. Strategic objectives
• B. Organizational levels
• C. Risk objectives
• D. Risk components

Answer: B

Explanation:
Section: Volume C
Explanation:
The organizational levels of the COSO ERM framework describe the subsidiary, business unit, division, and entity-levels of aspects of risk solutions.
Incorrect Answers:
B: Risk components includes Internal Environment, Objectives settings, Event identification, Risk assessment, Risk response, Control activities, Information and communication, and monitoring.
C: Strategic objectives includes strategic, operational, reporting, and compliance risks; and not entity-based risks.
D: This is not a valid answer.

 

NEW QUESTION 303
An organization has received notification that it is a potential victim of a cybercrime that may have compromised sensitive customer data. What should be The FIRST course of action?

• A. Invoke the business continuity plan (BCP).
• B. Conduct a forensic investigation.
• C. Determine the business impact.
• D. Invoke the incident response plan.

Answer: D

 

NEW QUESTION 304
You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won't affect your project much if they happen. What should you do with these identified risk events?

• A. These risks can be added to a low priority risk watch list.
• B. These risks can be accepted.
• C. These risks can be dismissed.
• D. All risks must have a valid, documented risk response.

Answer: A

Explanation:
Explanation/Reference:
Explanation:
Low-impact, low-probability risks can be added to the low priority risk watch list.
Incorrect Answers:
A: These risks are not dismissed; they are still documented on the low priority risk watch list.
B: While these risks may be accepted, they should be documented on the low priority risk watch list. This list will be periodically reviewed and the status of the risks may change.
D: Not every risk demands a risk response, so this choice is incorrect.

 

NEW QUESTION 305
Which of the following would be MOST helpful to a risk practitioner when ensuring that mitigated risk remains within acceptable limits?

• A. Building an organizational risk profile after updating the risk register
• B. Designing a process for risk owners to periodically review identified risk
• C. Implementing a process for ongoing monitoring of control effectiveness
• D. Ensuring risk owners participate in a periodic control testing process

Answer: C

 

NEW QUESTION 306
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