You have conducted a risk analysis to protect a key company asset. You identify the following values: What is the Annualized Loss Expectancy(ALE)? |
75 |
Which of the following is NOT an acceptable countermeasure to strengthen a cryptosystem? |
Keep the cryptosystem a secret |
When analyzing assets, which analysis method assigns financial values to assets? |
Quantitative |
If an organizatin shows sufficient due care, which burden is eliminated in the event of a security breach? |
Negligence |
You have conducted a risk analysis to protect a key company asset. You identify the following values: 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. |
Accept the risk or find another countermeasure |
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? |
Delphi method |
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? |
residual risk |
When conducting a risk assessment, how is the Annualized Rate of Occurence(ARO) calculated? |
Through historical data provided by insurance companies and crime statistics. |
Which of the following statements is true in regards to risk analysis?(Choose two) |
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 |
You have conducted a risk analysis to protect a key company asset. You identify the following values: What is the Single Loss Expectancy(SLE)? |
300 |
When would choosing to do nothing about an identified risk be acceptable? |
When the cost of protecting the asset is greater than the potential loss |
Which of the following is NOT a valid response to a risk discovered during a risk analysis? |
Denial |
Which of the following best defines Single Loss Expectancy(SLE)? |
The total monetary loss associated with a single occurence of a threat |
Purchasing insurance is what type of response to risk? |
Transference |
What is the average number of times that a specific risk is likely to be realized? |
Annualized Rate of Occurence |
4.3 Risk Management
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