4.3 Risk Management

29 May 2023
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15 test answers

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question
You have conducted a risk analysis to protect a key company asset. You identify the following values: Asset value = 400 Exposure factor = 75 Annualized Rate of Occurrence = .25 What is the Annualized Loss Expectancy(ALE)?
answer
75
question
Which of the following is NOT an acceptable countermeasure to strengthen a cryptosystem?
answer
Keep the cryptosystem a secret
question
When analyzing assets, which analysis method assigns financial values to assets?
answer
Quantitative
question
If an organizatin shows sufficient due care, which burden is eliminated in the event of a security breach?
answer
Negligence
question
You have conducted a risk analysis to protect a key company asset. You identify the following values: Asset value = 400 Exposure factor = 75 Annualized Rate of Occurence(ARO) = .25 Countermeasure A has a cost of 320 and will protect the asset for four years. Countermeasure B has an annual cost of 85. An insurance policy to protect the asset has an annual premium of 90. What should you do?
answer
Accept the risk or find another countermeasure
question
To determine the value of the company assets, an anonymous survey was used to collect the opinions of all senior and mid-level managers. Which asset valuation method was used?
answer
Delphi method
question
Your company has developed and implemented countermeasures for the greatest risks to their assets. However there is still some risk left. What is the remaining risk called?
answer
residual risk
question
When conducting a risk assessment, how is the Annualized Rate of Occurence(ARO) calculated?
answer
Through historical data provided by insurance companies and crime statistics.
question
Which of the following statements is true in regards to risk analysis?(Choose two)
answer
Don't implement a countermeasure if the cost is greater than the loss AND Annualized Rate of Occurence(ARO) identifies how often in a single year the successful threat attack will occur
question
You have conducted a risk analysis to protect a key company asset. You identify the following values: Asset Value = 400 Exposure Value = 75 Anualized Rate of Occurence = .25 What is the Single Loss Expectancy(SLE)?
answer
300
question
When would choosing to do nothing about an identified risk be acceptable?
answer
When the cost of protecting the asset is greater than the potential loss
question
Which of the following is NOT a valid response to a risk discovered during a risk analysis?
answer
Denial
question
Which of the following best defines Single Loss Expectancy(SLE)?
answer
The total monetary loss associated with a single occurence of a threat
question
Purchasing insurance is what type of response to risk?
answer
Transference
question
What is the average number of times that a specific risk is likely to be realized?
answer
Annualized Rate of Occurence