Isaca Certification CRISC Dumps PDF

Local laws and regulations should be the primary consideration when assessing the risk of using IoT devices to collect and process PII, because they define the legal obligations and liabilities of the organization and the individuals involved. Non-compliance with local laws and regulations can result in fines, lawsuits, reputational damage, and loss of trust. Therefore, it is essential to understand and adhere to the applicable laws and regulations in the jurisdictions where the IoT devices operate and where the PII is stored, processed, and transferred.

References

•Considerations for Managing Internet of Things (IoT) Cybersecurity and Privacy Risks

•The Internet of Things (IoT) and Digitally Stored PII: Avoidable or Inevitable?

•Security Issues in IoT: Challenges and Countermeasures

Senior management involvement is a critical driver for the success of any risk management program. Without their engagement, there is a lack of strategic oversight, resource allocation, and prioritization of risk management initiatives, directly impacting the organization's ability to meet risk objectives. This is emphasized in theGovernance Principlesof CRISC.

The person who should be accountable for resolving the situation where a root cause analysis indicates a major service disruption due to a lack of competency of newly hired IT system administrators is the chief information officer (CIO). The CIO is the senior executive who is responsible for the overall management and governance of the IT function within the organization, including the IT strategy, objectives, policies, processes, and resources. The CIO is also accountable for the performance and value of the IT services and systems, and for ensuring that they meet the needs and expectations of the business and its stakeholders. The CIO should be accountable for resolving the situation, because it involves a major IT service disruption that could affect the organization’s operations and reputation, and because it is related to the IT staff competency and capability, which are under the CIO’s authority and responsibility. The other options are not as accountable as the CIO, although they may have some roles or involvement inthe situation. The HR training director, the business process owner, and the HR recruitment manager are not directly responsible for the IT function or the IT service delivery, and they may not have the authority or the expertise to resolve the situation. References = Risk and Information Systems Control Study Manual, Chapter 2, Section 2.1.1, page 2-3.

Continuously monitoring a critical security transformation program is crucial for a risk practitioner primarily to ensure that any risk events are identified and mitigated promptly. This ensures that the security transformation remains on track and that potential risks do not escalate to a level that could compromise the program’s success.

Identifying and Mitigating Risks:

Risk Identification:Continuously monitoring the program helps in the early identification of risks. This is essential because unidentified risks can lead to unexpected issues that might derail the program.

Timely Mitigation:Once risks are identified, it is crucial to mitigate them as quickly as possible. Delays in mitigation can allow risks to grow in impact, making them harder and more expensive to address.

Ensuring Program Continuity:

Maintaining Momentum:Security transformation programs often involve significant changes and can be disruptive. By ensuring that risks are mitigated in a timely manner, the risk practitioner helps maintain the program’s momentum and keeps it on schedule.

Preventing Escalation:Timely risk mitigation prevents minor issues from escalating into major problems that could halt the program.

Aligning with Strategic Goals:

Strategic Alignment:Ensuring timely mitigation of risks helps in keeping the program aligned with the strategic goals of the organization. It ensures that the security objectives are met without significant delays or cost overruns.