IT-Risk-Fundamentals Exam Dumps : IT Risk Fundamentals Certificate Exam

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.

Penetration testing is an example of an inductive method to gather information. Here's why:

Vulnerability Analysis: This typically involves a deductive approach where existing knowledge of vulnerabilities is applied to identify weaknesses in the system. It is more of a systematic analysis rather than an exploratory method.

Controls Gap Analysis: This is a deductive method where existing controls are evaluated against standards or benchmarks to identify gaps. It follows a structured approach based on predefined criteria.

Penetration Testing: This involves actively trying to exploit vulnerabilities in the system to discover new security weaknesses. It is an exploratory and inductive method, where testers simulate attacks to uncover security flaws that were not previously identified.

Penetration testing uses an inductive approach by exploring and testing the system in various ways to identify potential security gaps, making it the best example of an inductive method.

References:

ISA 315 Anlage 5 and 6: Understanding vulnerabilities, threats, and controls in IT systems​​​​.

GoBD and ISO-27001 guidelines on minimizing attack vectors and conducting security assessments​​​​.

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

A risk scenario is an example of a tangible and assessable representation of risk. Here’s the breakdown:

Enterprise Risk Policy: This is a document that outlines the organization's approach to risk management. While important, it is not a specific, tangible representation of risk.

Risk Treatment Plan: This outlines the actions to mitigate identified risks. It is a strategy rather than a representation of specific risks.

Risk Scenario: This provides a detailed and concrete representation of potential risk events, their causes, and impacts. It allows for assessment and preparation, making it a tangible and assessable representation of risk.

Therefore, a risk scenario is the best example of a tangible and assessable representation of risk.

References:

ISA 315 Anlage 5 and 6: Understanding risks, scenarios, and their impacts on IT systems and business objectives​​​​.

ISO-27001 and GoBD guidelines on risk management and identification​​​​.

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