2024 Realistic IT-Risk-Fundamentals Dumps are Available for Instant Access [Q39-Q63]

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2024 Realistic IT-Risk-Fundamentals Dumps are Available for Instant Access

Download Exam IT-Risk-Fundamentals Practice Test Questions with 100% Verified Answers

NEW QUESTION 39
An enterprise has moved its data center from a flood-prone area where it had experienced significant service disruptions to one that is not a flood zone. Which risk response strategy has the organization selected?

Risk mitigation

Risk transfer

Risk avoidance

NEW QUESTION 40
An enterprise’s risk policy should be aligned with its:

current risk.

risk capacity.

risk appetite.

NEW QUESTION 41
To be effective, risk reporting and communication should provide:

risk reports to each business unit and groups of employees.

the same risk information for each decision-making stakeholder.

stakeholders with concise information focused on key points.

NEW QUESTION 42
Why is risk identification important to an organization?

It provides a review of previous and likely threats to the enterprise.

It ensures risk is recognized and the impact to business objectives is understood.

It enables the risk register to detail potential impacts to an enterprise’s business processes.

NEW QUESTION 43
An enterprise has performed a risk assessment for the risk associated with the theft of sales team laptops while in transit. The results of the assessment concluded that the cost of mitigating the risk is higher than the potential loss. Which of the following is the BEST risk response strategy?

Limit travel with laptops.

Accept the inherent risk.

Encrypt the sales team laptops.

NEW QUESTION 44
Which of the following would have the MOST impact on the accuracy and appropriateness of plans associated with business continuity and disaster recovery?

Material updates to the incident response plan

Data backups being moved to the cloud

Changes to the business impact assessment (BIA)

NEW QUESTION 45
In the context of enterprise risk management (ERM), what is the overall role of l&T risk management stakeholders?

Stakeholders set direction and provide support for risk management practices.

Stakeholders are accountable for all risk management activities within an enterprise.

Stakeholders are responsible for protecting enterprise assets to achieve business objectives.

NEW QUESTION 46
Which of the following is important to ensure when validating the results of a frequency analysis?

Estimates used during the analysis were based on reliable and historical data.

The analysis was conducted by an independent third party.

The analysis method has been fully documented and explained.

NEW QUESTION 47
An enterprise is currently experiencing an unacceptable 8% processing error rate and desires to manage risk by establishing a policy that error rates cannot exceed 5%. In addition, management wants to be alerted when error rates meet or exceed 4%. The enterprise should set a key performance indicator (KPI) metric at which of the following levels?

NEW QUESTION 48
Which of the following is the MOST important information for determining the critical path of a project?

Regulatory requirements

Cost-benefit analysis

Specified end dates

NEW QUESTION 49
Which of the following is MOST important to include when developing a business case for a specific risk response?

Stakeholders responsible for the risk response plan

Communication and status reporting of the related risk

A justification for the expense of the investment

NEW QUESTION 50
What is the FIRST step in the risk response process?

Prioritize responses based on impact.

Review risk analysis.

Review risk appetite.

NEW QUESTION 51
To establish an enterprise risk appetite, an organization should:

normalize risk taxonomy across the organization.

aggregate risk statements for all lines of business.

establish risk tolerance for each business unit.

NEW QUESTION 52
Which of the following occurs earliest in the risk response process?

Developing risk response plans

Prioritizing risk responses

Analyzing risk response options

NEW QUESTION 53
Which of the following is the BEST control to prevent unauthorized user access in a remote work environment?

Read-only user privileges

Multi-factor authentication

Monthly user access recertification

NEW QUESTION 54
Which of the following is the objective of a frequency analysis?

To determine how often risk mitigation strategies should be evaluated and updated within a specific timeframe

To determine how many risk scenarios will impact business objectives over a given period of time

To determine how often a particular risk scenario might be expected to occur during a specified period of time

NEW QUESTION 55
Which of the following is the BEST way to interpret enterprise standards?

A means of implementing policy

An approved code of practice
Q Documented high-level principles

NEW QUESTION 56
The use of risk scenarios to guide senior management through a rapidly changing market environment is considered a key risk management

capability.

incentive.

benefit.

NEW QUESTION 57
Which of the following are control conditions that exist in IT systems and may be exploited by an attacker?

Cybersecurity risk scenarios

Vulnerabilities

Threats

NEW QUESTION 58
Which of the following is the MAIN objective of governance?

Creating controls throughout the entire organization

Creating risk awareness at all levels of the organization

Creating value through investments for the organization

NEW QUESTION 59
Which of the following statements on an organization’s cybersecurity profile is BEST suited for presentation to management?

The probability of a cyber attack varies between unlikely and very likely.

Risk management believes the likelihood of a cyber attack is not imminent.

Security measures are configured to minimize the risk of a cyber attack.

NEW QUESTION 60
Which of the following includes potential risk events and the associated impact?

Risk scenario

Risk policy

Risk profile

NEW QUESTION 61
An enterprise recently implemented multi-factor authentication. During the most recent risk assessment, it was determined that cybersecurity risk is within the organization’s risk appetite threshold. What is the MOST appropriate action for the organization to take regarding the remaining cybersecurity residual risk?

Mitigate

Transfer

NEW QUESTION 62
Which of the following is MOST likely to promote ethical and open communication of risk management activities at the executive level?

Recommending risk tolerance levels to the business

Expressing risk results in financial terms

Increasing the frequency of risk status reports

NEW QUESTION 63
A key risk indicator (KRI) is PRIMARILY used for which of the following purposes?

Optimizing risk management

Predicting risk events

Facilitating dashboard reporting