Aug-2024 Realistic CRISC Exam Dumps with Accurate & Updated Questions
CRISC Exam Dumps - PDF Questions and Testing Engine
The CRISC certification is particularly valuable for professionals who oversee and manage IT systems and security. It provides them with the knowledge and skills necessary to identify and mitigate risks related to information technology, ensuring that sensitive data remains secure and protected. Certified in Risk and Information Systems Control certification also helps professionals to understand the impact of technology risks on business operations, enabling them to develop effective risk management strategies.
NEW QUESTION # 650
Which of the following should be a risk practitioner's NEXT action after identifying a high probability of data loss in a system?
- A. Increase the frequency of incident reporting.
- B. Enhance the security awareness program.
- C. Conduct a control assessment.
- D. Purchase cyber insurance from a third party.
Answer: C
Explanation:
Section: Volume D
NEW QUESTION # 651
You work as a Project Manager for www.company.com Inc. You have to measure the probability, impact, and risk exposure. Then, you have to measure how the selected risk response can affect the probability and impact of the selected risk event. Which of the following tools will help you to accomplish the task?
- A. Delphi technique
- B. Project network diagrams
- C. Cause-and-effect diagrams
- D. Decision tree analysis
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Decision tree analysis is a risk analysis tool that can help the project manager in determining the best risk response. The tool can be used to measure probability, impact, and risk exposure and how the selected risk response can affect the probability and/or impact of the selected risk event. It helps to form a balanced image of the risks and opportunities connected with each possible course of action. This makes them mostly useful for choosing between different strategies, projects, or investment opportunities particularly when the resources are limited. A decision tree is a decision support tool that uses a tree-like graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.
Incorrect Answers:
A: Project network diagrams help the project manager and stakeholders visualize the flow of the project work, but they are not used as a part of risk response planning.
B: The Delphi technique can be used in risk identification, but generally is not used in risk response planning. The Delphi technique uses rounds of anonymous surveys to identify risks.
D: Cause-and-effect diagrams are useful for identifying root causes and risk identification, but they are not the most effective ones for risk response planning.
NEW QUESTION # 652
What can be determined from the risk scenario chart?
- A. Relative positions on the risk map
- B. The multiple risk factors addressed by a chosen response
- C. Risk treatment options
- D. Capability of enterprise to implement
Answer: B
NEW QUESTION # 653
Which of the following is MOST important for a risk practitioner to ensure once a risk action plan has been completed?
- A. The control objectives are mapped to risk objectives.
- B. The risk owner has validated outcomes.
- C. The risk register has been updated.
- D. The requirements have been achieved.
Answer: B
Explanation:
The most important thing for a risk practitioner to ensure once a risk action plan has been completed is that the risk owner has validated the outcomes, as this means that the risk owner has confirmed that the risk response has been implemented and that the risk level has been reduced to an acceptable level. The risk owner is the person or entity with the authority and responsibility to manage a particular risk, and they should evaluate the effectiveness and efficiency of the risk action plan, and report any issues or changes. The risk action plan is a document that outlines the specific actions, resources, responsibilities, and timelines for implementing a risk response. The other options are not the most important things for a risk practitioner to ensure once a risk action plan has been completed, although they may be useful or necessary steps. Updating the risk register is a good practice, but it should be done after the risk owner has validated the outcomes and with the consent of the risk owner. Mapping the control objectives to the risk objectives is a part of the risk response design, but it does not measure the actual achievement of the risk objectives. Achieving the requirements is a desired result, but it does not guarantee that the risk owner has validated the outcomes or that the risk level has been reduced to an acceptable level. References = Risk and Information Systems Control Study Manual, Chapter 4: Risk Response, page 146.
NEW QUESTION # 654
Which of the following BEST facilitates the identification of appropriate key performance indicators (KPIs) for a risk management program?
- A. Reviewing control objectives
- B. Aligning with industry best practices
- C. Consulting risk owners
- D. Evaluating KPIs in accordance with risk appetite
Answer: C
NEW QUESTION # 655
When assessing the maturity level of an organization's risk management framework, which of the following deficiencies should be of GREATEST concern to a risk practitioner?
- A. Unclear organizational risk appetite
- B. Use of highly customized control frameworks
- C. Lack of senior management participation
- D. Reliance on qualitative analysis methods
Answer: A
NEW QUESTION # 656
Which of the following BEST enables the risk profile to serve as an effective resource to support business objectives?
- A. Prioritizing global standards over local requirements in the risk profile
- B. Assigning quantitative values to qualitative metrics in the risk register
- C. Engaging external risk professionals to periodically review the risk
- D. Updating the risk profile with risk assessment results
Answer: D
NEW QUESTION # 657
A global organization has implemented an application that does not address all privacy requirements across multiple jurisdictions. Which of the following risk responses has the organization adopted with regard to privacy requirements?
- A. Risk acceptance
- B. Risk transfer
- C. Risk avoidance
- D. Risk mitigation
Answer: C
NEW QUESTION # 658
The PRIMARY benefit of using a maturity model is that it helps to evaluate the:
- A. capability to implement new processes
- B. evolution of process improvements
- C. control requirements.
- D. degree of compliance with policies and procedures
Answer: B
NEW QUESTION # 659
Of the following, whose input is ESSENTIAL when developing risk scenarios for the implementation of a third-party mobile application that stores customer data?
- A. Information security manager
- B. IT vendor manager
- C. IT compliance manager
- D. Business process owner
Answer: D
NEW QUESTION # 660
A deficient control has been identified which could result in great harm to an organization should a low frequency threat event occur. When communicating the associated risk to senior management, the risk practitioner should explain:
- A. the current level of risk is within tolerance.
- B. this risk scenario is equivalent to more frequent, but lower impact risk scenarios.
- C. mitigation plans for threat events should be prepared in the current planning period.
- D. an increase in threat events could cause a loss sooner than anticipated.
Answer: D
Explanation:
Section: Volume D
NEW QUESTION # 661
An organization uses a vendor to destroy hard drives. Which of the following would BEST reduce the risk of data leakage?
- A. Use an accredited vendor to dispose of the hard drives.
- B. Implement an encryption policy for the hard drives.
- C. Require confirmation of destruction from the IT manager.
- D. Require the vendor to degauss the hard drives
Answer: D
NEW QUESTION # 662
Which of the following is the PRIMARY accountability for a control owner?
- A. Own the associated risk the control is mitigating.
- B. Identify and assess control weaknesses.
- C. Ensure the control operates effectively.
- D. Communicate risk to senior management.
Answer: C
Explanation:
The primary accountability for a control owner is to ensure the control operates effectively, as they have the authority and responsibility to design, implement, monitor, and report on the performance and adequacy of the control, and to identify and address any control gaps or deficiencies. Communicating risk to senior management, owning the associated risk the control is mitigating, and identifying and assessing control weaknesses are not the primary accountabilities, as they are more related to the roles and responsibilities of the risk owner, the risk practitioner, or the auditor, respectively, rather than the control owner. References = CRISC Review Manual, 7th Edition, page 101.
NEW QUESTION # 663
Which of the following is MOST appropriate method to evaluate the potential impact of legal, regulatory, and contractual requirements on business objectives?
- A. 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. - B. Mapping of compliance requirements to policies and procedures
- C. is incorrect. Mapping of compliance requirements to policies and procedures will
identify only the way the compliance is achieved but not the business impact. - D. Compliance-oriented gap analysis
- E. is incorrect. Communication with business process stakeholders is done so as to
identify the business objectives, but it does not help in identifying impacts. - F. Compliance-oriented business impact analysis
- G. Communication with business process stakeholders
Answer: F
Explanation:
is incorrect. Compliance-oriented gap analysis will only identify the gaps in compliance
to current requirements and will not identify impacts to business objectives.
NEW QUESTION # 664
Which of the following is the PRIMARY objective of maintaining an information asset inventory?
- A. To provide input to business impact analyses (BIAs)
- B. To facilitate risk assessments
- C. To manage information asset licensing
- D. To protect information assets
Answer: A
Explanation:
An information asset inventory is a list of all the information assets that an organization owns or uses. It includes information such as the asset name, description, owner, location, classification, value, and dependencies. The primary objective of maintaining an information asset inventory is to provide input to business impact analyses (BIAs), which are used to identify the criticality and recovery priorities of information assets in the event of a disruption. By having an updated and accurate information asset inventory, an organization can ensure that the BIAs reflect the current state and needs of the business processes that rely on the information assets. References = CRISC Review Manual, 7th Edition, page 74.
NEW QUESTION # 665
Which of the following is the FIRST step in managing the security risk associated with wearable technology in the workplace?
- A. Assess the potential risk.
- B. Monitor employee usage.
- C. Identify the potential risk.
- D. Develop risk awareness training.
Answer: C
Explanation:
* The security risk associated with wearable technology in the workplace is the possibility and impact of unauthorized access, disclosure, or use of the data or information that are collected, stored, or transmitted by the wearable devices, such as smartwatches, fitness trackers, or glasses, that are worn or used by the employees12.
* The first step in managing the security risk associated with wearable technology in the workplace is to identify the potential risk, which is the process of recognizing and describing the sources, causes, and consequences of the risk, and the potential impacts on the organization's objectives, performance, and
* value creation34.
* Identifying the potential risk is the first step because it provides the basis and input for the subsequent steps of the risk management process, such as assessing, treating, monitoring, and communicating the risk34.
* Identifying the potential risk is also the first step because it enables the organization to understand and prioritize the risk, and to allocate the appropriate resources and controls for the risk management process34.
* The other options are not the first step, but rather possible subsequent steps that may depend on or follow the identification of the potential risk. For example:
* Monitoring employee usage is a step that involves collecting and analyzing data and information on the frequency, duration, and purpose of the wearable devices that are used by the employees, and detecting and reporting any deviations, anomalies, or issues that may indicate a security risk5 . However, this step is not the first step because it requires the identification of the potential risk to provide the guidance and standards for the monitoring process5 .
* Assessing the potential risk is a step that involves estimating and evaluating the likelihood and impact of the risk, and the level of risk exposure or tolerance for the organization34. However, this step is not the first step because it requires the identification of the potential risk to provide the information and data for the assessment process34.
* Developing risk awareness training is a step that involves educating and training the employees and other stakeholders on the security risks and best practices associated with the wearable technology, and informing them of their roles, obligations, and responsibilities for the risk management process . However, this step is not the first step because it requires the identification of the potential risk to provide the content and objectives for the training process . References =
* 1: Wearable Devices in the Workplace: Security Threats and Protection1
* 2: 10 security risks of wearables | CSO Online2
* 3: Risk IT Framework, ISACA, 2009
* 4: IT Risk Management Framework, University of Toronto, 2017
* 5: Continuous Monitoring - ISACA3
* : Continuous Monitoring: A New Approach to Risk Management - ISACA Journal4
* : What Is Security Awareness Training and Why Is It Important? - Kaspersky5
* : Security Awareness Training - Cybersecurity Education Online | Proofpoint US
NEW QUESTION # 666
Which of the following is MOST helpful in verifying that the implementation of a risk mitigation control has been completed as intended?
- A. Risk assessment results
- B. Technical control validation
- C. Control testing results
- D. An updated risk register
Answer: C
NEW QUESTION # 667
A cote data center went offline abruptly for several hours affecting many transactions across multiple locations. Which of the to" owing would provide the MOST useful information to determine mitigating controls?
- A. Risk assessment
- B. Root cause analysis
- C. Business impact analysis (BlA)
- D. Forensic analysis
Answer: B
Explanation:
The most useful information to determine mitigating controls when a core data center went offline abruptly for several hours affecting many transactions across multiple locations is the root cause analysis. Root cause analysis is a technique that identifies the underlying factors or reasons that caused the problem or incident.
Root cause analysis can help to understand the nature, scope, and impact of the problem or incident, and to prevent or reduce the recurrence or severity of the problem or incident in the future. Root cause analysis can also help to identify and prioritize the appropriate mitigating controls that address the root causes of the problem or incident. The other options are not as useful as root cause analysis, as they are related to the investigation, evaluation, or measurement of the problem or incident, not the resolution or prevention of the problem or incident. References = Risk and Information Systems Control Study Manual, Chapter 4: Risk and Control Monitoring and Reporting, Section 4.4: Key Control Indicators, page 211.
NEW QUESTION # 668
Which of the following is the BEST key performance indicator (KPI) to measure the maturity of an organization's security incident handling process?
- A. The number of security incidents escalated to senior management
- B. The number of resolved security incidents
- C. The number of newly identified security incidents
- D. The number of recurring security incidents
Answer: B
NEW QUESTION # 669
Which of the following BEST enables a risk practitioner to enhance understanding of risk among stakeholders?
- A. Business impact analysis (BIA)
- B. Key risk indicators (KRIs)
- C. Threat analysis
- D. Risk scenarios
Answer: D
NEW QUESTION # 670
Which of the following should be considered to ensure that risk responses that are adopted are cost- effective and are aligned with business objectives?
Each correct answer represents a part of the solution. Choose three.
- A. Adopt only pre-defined risk responses of business
- B. Identify the risk in business terms
- C. Follow an integrated approach in business
- D. Recognize the business risk appetite
Answer: B,C,D
Explanation:
Explanation/Reference:
Explanation:
Risk responses require a formal approach to issues, opportunities and events to ensure that solutions are cost-effective and are aligned with business objectives. The following should be considered:
While preparing the risk response, identify the risk in business terms like loss of productivity, disclosure
of confidential information, lost opportunity costs, etc.
Recognize the business risk appetite.
Follow an integrated approach in business.
Risk responses requiring an investment should be supported by a carefully planned business case that justifies the expenditure outlines alternatives and describes the justification for the alternative selected.
Incorrect Answers:
C: There is no such requirement to follow the pre-defined risk responses. If some new risk responses are discovered during the risk management of a particular project, they should be noted down in lesson leaned document so that project manager working on some other project could also utilize them.
NEW QUESTION # 671
Which of the following resources is MOST helpful when creating a manageable set of IT risk scenarios?
- A. Organizational strategy and objectives
- B. Internal and external audit findings
- C. Results of current and past risk assessments
- D. Lessons learned from materialized risk scenarios
Answer: D
Explanation:
According to the CRISC Review Manual1, lessons learned from materialized risk scenarios are the insights and knowledge gained from analyzing the causes, impacts, and responses of actual risk events that occurred in the past. Lessons learned from materialized risk scenarios are the most helpful resource when creating a manageable set of IT risk scenarios, as they help to identify and prioritize the most relevant and realistic risks that could affect the organization's objectives, processes, and resources. Lessons learned from materialized risk scenarios also help to improve the risk management practices and capabilities, and to avoid repeating the same mistakes or gaps in the future. References = CRISC Review Manual1, page 206.
NEW QUESTION # 672
A recent regulatory requirement has the potential to affect an organization's use of a third party to supply outsourced business services. Which of the following is the BEST course of action?
- A. Terminate the outsourcing agreement.
- B. Transfer risk to the third party.
- C. Conduct a gap analysis.
- D. Identify compensating controls.
Answer: C
NEW QUESTION # 673
Which of the following stakeholders are typically included as part of a line of defense within the three lines of defense model?
- A. Legal team
- B. Board of directors
- C. Regulators
- D. Vendors
Answer: B
NEW QUESTION # 674
Who should be PRIMARILY responsible for establishing an organization's IT risk culture?
- A. Business process owner
- B. IT management
- C. Executive management
- D. Risk management
Answer: C
NEW QUESTION # 675
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ISACA CRISC Exam is widely recognized as one of the most challenging and rigorous certification exams in the IT industry. CRISC exam covers a wide range of topics related to risk management and information systems control, including risk identification and assessment, risk response and mitigation, information security and compliance, and IT governance. To pass the exam, candidates must demonstrate a deep understanding of these topics, as well as the ability to apply this knowledge to real-world situations.
ISACA CRISC certification exam is an ideal certification for professionals who are looking to demonstrate their expertise in IT risk management and control. Certified in Risk and Information Systems Control certification exam is comprehensive and covers all the important aspects of IT risk management. It is an excellent way for professionals to demonstrate their commitment to professional development and to advance their careers in the IT industry.
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