New Release CRISC Isaca Certification Questions

The organization’s process owner should own the risk of exposing the payroll data due to a control weakness at the third party, because the process owner is the person who is responsible for the business process that generates, uses, or transfers the payroll data. The process owner should also ensure that the third party complies with the contractual obligations and service level agreements that define the expected performance and security standards of the payroll data processing. The other options are not the correct answers, because they are not the primary owners of the risk, although they may also be involved in the risk management process. The third party’s IT operations manager, the third party’s chief risk officer (CRO), and the organization’s risk practitioner are examples of secondary owners or stakeholders of the risk, who may provide support, guidance, or oversight to the risk owner, but they are not accountable for the risk or the risk response strategy. References = CRISC: Certified in Risk & Information Systems Control Sample Questions

Phishing simulation exercises are designed to educate users and reduce the likelihood of them falling for real phishing attacks. This is considered apreventive control, as it aims to stop incidents before they occur by changing behavior.

The most helpful factor to align when defining thresholds for control key performance indicators (KPIs) is the control performance with the risk tolerance of business owners. Control KPIs are metrics that measurethe effectiveness and efficiency of the controls that are implemented to mitigate the risks. By aligning the control performance with the risk tolerance of business owners, the thresholds for control KPIs can reflect the acceptable level of risk and the desired level of control for the business processes and objectives. Information risk assessments with enterprise risk assessments, key risk indicators (KRIs) with risk appetite of the business, andcontrol KPIs with audit findings are other possible factors to align, but they are not as helpful as control performance with risk tolerance of business owners. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 12; CRISC Review Manual, 6th Edition, page 215.

A risk assessment indicates the residual risk associated with a new bring your own device (BYOD) program is within organizational risk tolerance. This means that the potential benefits of BYOD outweigh the potential risks, and that the controls in place are adequate to mitigate those risks.

The next step for the risk practitioner is to identify log sources to monitor BYOD usage and risk impact. Log sources are records of events or activities that occur in a system or network, such as file access, network traffic, user behavior, etc. Log sources can provide valuable information about how BYOD devices are used, what data they access, what applications they run, what threats they encounter, etc.

By monitoring log sources, the risk practitioner can track and measure the actual performance and security of BYOD devices, compare them with the expected outcomes and standards,identify any deviations or anomalies that may indicate a breach or a vulnerability, and take appropriate actions to address them.

Therefore, identifying log sources to monitor BYOD usage and risk impact is a recommended action after a successful risk assessment.

The references for this answer are:

Risk IT Framework, page 10

Information Technology & Security, page 4

Risk Scenarios Starter Pack, page 2