ECCouncil 712-50 Exam With Confidence Using Practice Dumps

The statement of retained earnings shows the portion of net income retained by the organization after dividends are paid. These retained earnings can be reinvested in the company, such as financing security initiatives or technology upgrades. It does not directly correlate with capital expenditures (A), savings from security controls (C), or the CISO’s budget (D).

 Risk Transfer Through Insurance:

Breach insurance is a common method of transferring financial risks associated with cybersecurity incidents, covering costs like fines, legal fees, and recovery.

 Risk Management Strategies:

Risk transfer does not eliminate the risk but provides financial safeguards, complementing other security measures.

 Supporting Reference:

EC-Council CCISO materials describe purchasing insurance as a key financial strategy in the risk transfer process.

 Logical Next Activity After Validating Findings

Once gaps are validated, the logical next step is to perform remediation analyses to prioritize actions based on the severity of the gaps and available resources.

This step lays the groundwork for creating detailed remediation plans.

 Why Not Other Options?

B. Review the security organization’s charter: Not directly relevant to addressing audit findings.

C. Validate gaps with IT team: Validation is already complete at this stage.

D. Create a briefing for management: Comes after understanding the scope and potential impact of the gaps.

 EC-Council References

Highlights gap remediation planning as a critical step post-validation to effectively address identified issues.