Isaca IT-Risk-Fundamentals Exam With Confidence Using Practice Dumps

The primary objective of a vulnerability assessment is to identify and document weaknesses in IT systems and applications. It aims to improve the understanding of deficient control conditions by uncovering vulnerabilities that could be exploited.

While vulnerability assessments inform the best course of action (A), that's a consequence of the assessment, not the primary objective itself. Reducing the effort to identify new vulnerabilities (C) is a desirable outcome of a good process, but not the primary goal.

 Communicating Cybersecurity Profile:

When presenting the organization's cybersecurity profile to management, it is crucial to focus on the effectiveness of the security measures in place and their ability to minimize risks.

 Clarity and Relevance:

Statement A ("The probability of a cyber attack varies between unlikely and very likely") is too vague and does not provide actionable information.

Statement B ("Risk management believes the likelihood of a cyber attack is not imminent") lacks specificity and does not detail the measures taken.

 Effectiveness of Security Measures:

Statement C highlights the proactive steps taken to configure security measures to minimize risk. This approach is more likely to instill confidence in management about the current cybersecurity posture.

According to best practices in IT risk management, as outlined in various frameworks such as NIST and ISO 27001, focusing on the effectiveness and configuration of security controls is key to managing cybersecurity risks.

 Conclusion:

Thus, the statement best suited for presentation to management is: Security measures are configured to minimize the risk of a cyber attack.

The objective of a frequency analysis is to determine how often a particular risk scenario might be expected to occur during a specified period of time. Here’s the explanation:

To Determine How Often Risk Mitigation Strategies Should Be Evaluated and Updated Within a Specific Timeframe: This pertains to the management and updating of mitigation strategies, not the core purpose of frequency analysis.

To Determine How Many Risk Scenarios Will Impact Business Objectives Over a Given Period of Time: This relates to impact analysis rather than frequency analysis. Frequency analysis focuses on the likelihood of specific events.

To Determine How Often a Particular Risk Scenario Might Be Expected to Occur During a Specified Period of Time: This is the primary objective of frequency analysis. It involves calculating the probability of specific risk events occurring within a certain timeframe, helping organizations understand and prepare for potential occurrences.

Therefore, the main objective of frequency analysis is to determine the expected occurrence rate of specific risk scenarios within a given period.

References:

ISA 315 Anlage 5 and 6: Detailed guidelines on risk assessment and analysis methodologies​​​​.

ISO-27001 and GoBD standards for risk management and business impact analysis​​​​.

These references provide a comprehensive understanding of the principles and methodologies involved in IT risk and audit processes.