Question 1

A financial institution is assessing the impact of a new regulatory requirement on its information security risk management program. Who is primarily responsible for ensuring that the program complies with these new regulatory requirements?

Options :

A : The information security team.

B : The legal and compliance department.

C : The risk management committee.

D : The internal audit team.

Answer: B

Question 2

A company is planning to enhance its information security risk management program. What resource is essential for conducting effective risk assessments?

Options :

A : Unlimited financial investment in the latest technology, regardless of its relevance to risk management.

B : Focusing exclusively on purchasing insurance for all identified risks.

C : Skilled personnel with expertise in information security and risk assessment.

D : A policy to outsource all risk management activities to minimize internal effort.

Answer: C

Question 3

An e-commerce company has identified risks related to customer data privacy. As part of the risk treatment plan, the risk manager has recommended encrypting sensitive customer data. What factor is crucial for the successful implementation of this corrective action?

Options :

A : The impact of data encryption on system performance and the balance between security and usability.

B : Implementing data encryption as a one-time activity without future reviews or updates.

C : The encryption method-s popularity among other e-commerce companies.

D : Choosing encryption software based solely on the lowest cost option.

Answer: A

Question 4

An online retail company is using the OCTAVE-S method to assess risks to its e-commerce platform. The team has identified critical assets and is in the second phase of OCTAVE-S. What is the next step, and why is it important for the risk assessment of the e-commerce platform?

Options :

A : Implementing general security policies without further analysis.

B : Focusing only on compliance with e-commerce regulations.

C : Identifying threats to the critical assets and evaluating the likelihood and impact of these threats.

D : Purchasing cybersecurity insurance for all identified risks.

Answer: C

Question 5

A manufacturing company is evaluating risks in its production processes. What is an essential objective of this risk assessment?

Options :

A : To identify risks that could impact production efficiency, quality, and safety.

B : To only consider risks that are easy to mitigate.

C : To perform a risk assessment once and not revisit it in the future.

D : To focus the assessment exclusively on external market risks.

Answer: A