Online 712-50 Questions Video

Quantitative risk assessments provide financial impact data by assigning numerical values to risk factors, such as the likelihood and impact of events. This method calculates potential losses in monetary terms, making it suitable for presenting actionable insights to a CFO. Qualitative assessments (D) rely on subjective descriptions and are less precise for financial decision-making. Hybrid (B) or subjective (C) methods are not as focused on financial quantification as quantitative assessments.

Comprehensive and Detailed 250–300 Words Explanation From Exact Extract from Chief Information Security Officer (CCISO) Documents:

The EC-Council CCISO Body of Knowledge defines risk transference as shifting the financial impact of a risk to another party, while the risk itself still exists. The clearest and most common example of risk transference is procuring cyber insurance.

CCISO documentation explains that cyber insurance does not eliminate or reduce the likelihood of an incident; instead, it transfers the financial consequences—such as breach response costs, legal fees, and recovery expenses—to an insurer.

Outsourcing may shift operational responsibility but does not inherently transfer financial risk. Communication and process changes are examples of risk acceptance or mitigation, not transference.

Therefore, per CCISO risk treatment strategies, procuring cyber insurance best represents risk transference.

Comprehensive and Detailed Explanation (250–350 words)

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The EC-Council CCISO program consistently emphasizes that senior-level sponsorship is the most critical success factor when establishing a security governance program.

CCISO documentation explains that governance requires authority, accountability, and enforcement, which cannot be achieved without executive backing. Senior leadership sponsorship ensures alignment with business objectives, allocation of resources, and organization-wide compliance with security policies.

Budgets (Option A), training workshops (Option B), and risk management programs (Option D) are all important, but they cannot succeed without executive endorsement and support.

CCISO aligns this principle with ISO and NIST governance models, reinforcing that security governance is an executive responsibility.

Therefore, Option C is correct.