Ace Your CSSLP ISC certification Exam

Residual risks are generally smaller risks that remain in the project after larger risks have been addressed. The residual risk is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied. The formula to calculate residual risk is (inherent risk) x (control risk) where inherent risk is (threats vulnerability). Answer: B is incorrect. This is not a valid statement about residual risks. Answer: C is incorrect. This is not a valid statement about residual risks. Answer: A is incorrect. This is not a valid statement about residual risks.

According to the Lanham Act, domain names fall under trademarks law. A new section 43(d) of the Trademark Act (Lanham Act) states that anyone who in bad faith registers, traffics in, or uses a domain name that infringes or dilutes another's trademark has committed trademark infringement. Factors involved in assessing bad faith focus on activities typically associated with cyberpiracy or cybersquatting, such as whether the registrant has offered to sell the domain name to the trademark holder for financial gain without having used or intended to use it for a bona fide business; whether the domain-name registrant registered multiple domain names that are confusingly similar to the trademarks of others; and whether the trademark incorporated in the domain name is distinctive and famous. Other factors are whether the domain name consists of the legal name or common handle of the domain-name registrant and whether the domain-name registrant previously used the mark in connection with a bona fide business.

Detection risks are the risks that an auditor will not be able to find what they are looking to detect. Hence, it becomes tedious to report negative results when material conditions (faults) actually exist. Detection risk includes two types of risk: Sampling risk: This risk occurs when an auditor falsely accepts or erroneously rejects an audit sample. Nonsampling risk: This risk occurs when an auditor fails to detect a condition because of not applying the appropriate procedure or using procedures inconsistent with the audit objectives (detection faults). Answer: A is incorrect. Residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures). The formula to calculate residual risk is (inherent risk) x (control risk) where inherent risk is (threats vulnerability). In the economic context, residual means "the quantity left over at the end of a process; a remainder". Answer: D is incorrect. Inherent risk, in auditing, is the risk that the account or section being audited is materially misstated without considering internal controls due to error or fraud. The assessment of inherent risk depends on the professional judgment of the auditor, and it is done after assessing the business environment of the entity being audited. Answer: B is incorrect. A secondary risk is a risk that arises as a straight consequence of implementing a risk response. The secondary risk is an outcome of dealing with the original risk. Secondary risks are not as rigorous or important as primary risks, but can turn out to be so if not estimated and planned properly.

An Information System Security Officer (ISSO) plays the role of a supporter. The responsibilities of an Information System Security Officer (ISSO) are as follows: Manages the security of the information system that is slated for Certification & Accreditation (C&A). Insures the information systems configuration with the agency's information security policy. Supports the information system owner/information owner for the completion of security-related responsibilities. Takes part in the formal configuration management process. Prepares Certification & Accreditation (C&A) packages. An Information System Security Engineer (ISSE) plays the role of an advisor. The responsibilities of an Information System Security Engineer are as follows:

Provides view on the continuous monitoring of the information system. Provides advice on the impacts of system changes. Takes part in the configuration management process. Takes part in the development activities that are required to implement system changes. Follows approved system changes.