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ISO-IEC-27005-Risk-Manager Testking Exam Questions, ISO-IEC-27005-Risk-Manager Latest Test Guide

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PECB ISO-IEC-27005-Risk-Manager Exam Syllabus Topics:

Topic
Details

Topic 1

Implementation of an Information Security Risk Management Program: This domain discusses the steps for setting up and operationalizing a risk management program, including procedures to recognize, evaluate, and reduce security risks within an organization’s framework.

Topic 2

Information Security Risk Management Framework and Processes Based on ISO
IEC 27005: Centered around ISO
IEC 27005, this domain provides structured guidelines for managing information security risks, promoting a systematic and standardized approach aligned with international practices.

Topic 3

Other Information Security Risk Assessment Methods: Beyond ISO
IEC 27005, this domain reviews alternative methods for assessing and managing risks, allowing organizations to select tools and frameworks that align best with their specific requirements and risk profile.

Topic 4

Fundamental Principles and Concepts of Information Security Risk Management: This domain covers the essential ideas and core elements behind managing risks in information security, with a focus on identifying and mitigating potential threats to protect valuable data and IT resources.

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PECB Certified ISO/IEC 27005 Risk Manager Sample Questions (Q61-Q66):

NEW QUESTION # 61
Which of the following statements best defines information security risk?

A. Potential cause of an unwanted incident related to information security that can cause harm to an organization
B. Weakness of an asset or control that can be exploited by one or a group of threats
C. The potential that threats will exploit vulnerabilities of an information asset and cause harm to an organization

Answer: C

Explanation:
Information security risk, as defined by ISO/IEC 27005, is "the potential that a threat will exploit a vulnerability of an asset or group of assets and thereby cause harm to the organization." This definition emphasizes the interplay between threats (e.g., cyber attackers, natural disasters), vulnerabilities (e.g., weaknesses in software, inadequate security controls), and the potential impact or harm that could result from this exploitation. Therefore, option A is the most comprehensive and accurate description of information security risk. In contrast, option B describes a vulnerability, and option C focuses on the cause of an incident rather than defining risk itself. Option A aligns directly with the risk definition in ISO/IEC 27005.

NEW QUESTION # 62
What type of process is risk management?

A. Ongoing, which must be conducted annually and be consistent with the selection of security controls
B. Ongoing, which allows organizations to monitor risk and keep it at an acceptable level
C. Iterative, which is conducted simultaneously with internal audits to ensure the effectiveness of an organization's operations

Answer: B

Explanation:
Risk management is an ongoing process that involves continuous monitoring, assessment, and mitigation of risks to ensure that they remain within acceptable levels. According to ISO/IEC 27005, risk management is not a one-time activity but a continuous cycle that includes risk identification, risk analysis, risk evaluation, and risk treatment. The process must be regularly reviewed and updated to respond to changes in the organization's environment, technological landscape, or operational conditions. Option A correctly identifies risk management as an ongoing process. Options B and C are incorrect; risk management is not limited to being conducted simultaneously with internal audits (B), nor is it required to be conducted annually (C).

NEW QUESTION # 63
According to CRAMM methodology, how is risk assessment initiated?

A. By determining methods and procedures for managing risks
B. By gathering information on the system and identifying assets within the scope
C. By identifying the security risks

Answer: B

Explanation:
According to the CRAMM (CCTA Risk Analysis and Management Method) methodology, risk assessment begins by collecting detailed information on the system and identifying all assets that fall within the defined scope. This foundational step ensures that the assessment is comprehensive and includes all relevant assets, which could be potential targets for risk. This makes option A the correct answer.

NEW QUESTION # 64
Scenario 8: Biotide is a pharmaceutical company that produces medication for treating different kinds of diseases. The company was founded in 1997, and since then it has contributed in solving some of the most challenging healthcare issues.
As a pharmaceutical company, Biotide operates in an environment associated with complex risks. As such, the company focuses on risk management strategies that ensure the effective management of risks to develop high-quality medication. With the large amount of sensitive information generated from the company, managing information security risks is certainly an important part of the overall risk management process. Biotide utilizes a publicly available methodology for conducting risk assessment related to information assets. This methodology helps Biotide to perform risk assessment by taking into account its objectives and mission. Following this method, the risk management process is organized into four activity areas, each of them involving a set of activities, as provided below.
1. Activity area 1: The organization determines the criteria against which the effects of a risk occurring can be evaluated. In addition, the impacts of risks are also defined.
2. Activity area 2: The purpose of the second activity area is to create information asset profiles. The organization identifies critical information assets, their owners, as well as the security requirements for those assets. After determining the security requirements, the organization prioritizes them. In addition, the organization identifies the systems that store, transmit, or process information.
3. Activity area 3: The organization identifies the areas of concern which initiates the risk identification process. In addition, the organization analyzes and determines the probability of the occurrence of possible threat scenarios.
4. Activity area 4: The organization identifies and evaluates the risks. In addition, the criteria specified in activity area 1 is reviewed and the consequences of the areas of concerns are evaluated. Lastly, the level of identified risks is determined.
The table below provides an example of how Biotide assesses the risks related to its information assets following this methodology:

Based on the table provided in scenario 8, did Biotide prioritize the security requirements for electronic health records?

A. Yes, Biotide prioritized the security requirements for electronic health records when prioritizing the areas of concern
B. No, Biotide did not prioritize security requirements for electronic health records
C. Yes, Biotide determined confidentiality as the most important security requirement for electronic health records

Answer: C

Explanation:
Based on the table provided in Scenario 8, Biotide has prioritized the security requirements for its electronic health records. In Activity Area 2, the table clearly indicates that confidentiality is considered the most important security feature for electronic health records. This prioritization is based on the need to ensure that only authorized users have access to these critical information assets due to the sensitive nature of the data involved.
The emphasis on confidentiality aligns with ISO/IEC 27005 guidelines, which recommend prioritizing security requirements based on the impact assessment and the organization's risk management objectives. In this case, the potential impact of unauthorized access (breach of confidentiality) to electronic health records is high, which justifies Biotide's decision to prioritize confidentiality over other security requirements such as integrity or availability.
Option A is correct because it reflects the prioritization decision documented in the table, while options B and C are inaccurate as they either misrepresent the prioritization process or suggest that it did not occur.

NEW QUESTION # 65
Scenario 1
The risk assessment process was led by Henry, Bontton's risk manager. The first step that Henry took was identifying the company's assets. Afterward, Henry created various potential incident scenarios. One of the main concerns regarding the use of the application was the possibility of being targeted by cyber attackers, as a great number of organizations were experiencing cyberattacks during that time. After analyzing the identified risks, Henry evaluated them and concluded that new controls must be implemented if the company wants to use the application. Among others, he stated that training should be provided to personnel regarding the use of the application and that awareness sessions should be conducted regarding the importance of protecting customers' personal data.
Lastly, Henry communicated the risk assessment results to the top management. They decided that the application will be used only after treating the identified risks.
Based on scenario 1, Bontton used ISO/IEC 27005 to ensure effective implementation of all ISO/IEC 27001 requirements. Is this appropriate?

A. No, ISO/IEC 27005 does not contain direct guidance on the implementation of all requirements given in ISO/IEC 27001
B. Yes, ISO/IEC 27005 provides a number of methodologies that can be used under the risk management framework for implementing all requirements given in ISO/IEC 27001
C. Yes, ISO/IEC 27005 provides direct guidance on the implementation of the requirements given in ISO/IEC 27001

Answer: A

Explanation:
ISO/IEC 27005 is an international standard specifically focused on providing guidelines for information security risk management within the context of an organization's overall Information Security Management System (ISMS). It does not provide direct guidance on implementing the specific requirements of ISO/IEC 27001, which is a standard for establishing, implementing, maintaining, and continually improving an ISMS. Instead, ISO/IEC 27005 provides a framework for managing risks that could affect the confidentiality, integrity, and availability of information assets. Therefore, while ISO/IEC 27005 supports the risk management process that is crucial for compliance with ISO/IEC 27001, it does not contain specific guidelines or methodologies for implementing all the requirements of ISO/IEC 27001. This makes option C the correct answer.
Reference:
ISO/IEC 27005:2018, "Information Security Risk Management," which emphasizes risk management guidance rather than direct implementation of ISO/IEC 27001 requirements.
ISO/IEC 27001:2013, Clause 6.1.2, "Information Security Risk Assessment," where risk assessment and treatment options are outlined but not in a prescriptive manner found in ISO/IEC 27005.

NEW QUESTION # 66
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