4.3 Risk Management

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)?

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:
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?

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:
Asset Value = 400
Exposure Value = 75
Anualized Rate of Occurence = .25

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 - Subjecto.com

4.3 Risk Management

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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)?

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:
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?

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:
Asset Value = 400
Exposure Value = 75
Anualized Rate of Occurence = .25

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

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