Changed 712-50 Exam Questions

 Explanation:

SSAE16/ISAE3402 reports should be reviewed annually to evaluate vendor compliance with agreed-upon controls and identify any risks or gaps in their processes.

Annual reviews align with standard auditing practices and vendor contract expectations.

 Why Other Options Are Incorrect:

A. Quarterly: This frequency is unnecessary unless specific risks require closer monitoring.

B. Semi-annually: Twice a year reviews may be overkill for standard vendor operations.

C. Bi-annually: The term "bi-annually" could mean either twice a year or every two years, leading to ambiguity and potential non-compliance.

 EC-Council CISO Reference:

Vendor management processes, including the annual review of attestation reports, are a key component of the CISO role.

 Role of SLAs in Contractual Obligations:

Service Level Agreements define specific performance metrics and obligations that vendors must meet, ensuring alignment with customer expectations.

 Key Features of SLAs:

Clearly outlines deliverables, response times, and performance standards.

Includes penalties or corrective measures for non-compliance.

 Why Not Other Options:

Terms and Conditions (A): Provide general legal guidelines but lack detailed performance metrics.

Statement of Work (C): Describes tasks but does not enforce performance levels.

Key Performance Indicators (D): Metrics for monitoring but not binding contractual terms.

 EC-Council Guidance:

SLAs ensure accountability and clarity in vendor-customer relationships, aligning with CISO best practices for vendor management.

 Role of the Business Owner:

Business owners are responsible for operational processes and the associated risks. They are best positioned to evaluate the impact of disruptions and decide on risk acceptance.

 Key Considerations:

Risk acceptance decisions should align with operational priorities and organizational objectives.

Business owners are directly accountable for revenue and operational outcomes.

 Why Not Other Options:

CISO (A): Advises on security risks but does not own business process risks.

Audit and Compliance (B): Monitors and validates adherence to controls but does not accept risk.

CFO (C): Manages financial oversight but not specific operational risks.

 EC-Council CISO Guidance:

Risk acceptance should reside with those closest to the operational impact, typically the business owner.

 Explanation:

Upper management support ensures priority alignment, resource allocation, and the resolution of blockers that may delay a project.

Management's authority can enforce adherence to schedules and increase overall project momentum.

 Why Other Options Are Less Effective:

B. More frequent project milestone meetings: These may help track progress but do not directly address the root causes of delays.

C. Stakeholder support: While important, stakeholder support is secondary to executive authority in driving a project forward.

D. Extend work hours: This is a short-term solution that can cause burnout and reduce productivity.

 EC-Council CISO Reference:

The curriculum emphasizes the role of executive sponsorship in overcoming challenges and ensuring project success.