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  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2022-04-29.q944 Dumps
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Question 191

Which of the following is described by the definition given below?
"It is the expected guaranteed value of taking a risk."

Correct Answer: A
Section: Volume A
Explanation:
The Certainty equivalent value is the expected guaranteed value of taking a risk. It is derived by the uncertainty of the situation and the potential value of the situation's outcome.
Incorrect Answers:
B: The risk premium is the difference between the larger expected value of the risk and the smaller certainty equivalent value.
C, D: These are not valid answers.
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Question 192

IT management has asked for a consolidated view into the organization's risk profile to enable project prioritization and resource allocation. Which of the following materials would be MOST helpful?

Correct Answer: C
Section: Volume D
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Question 193

Which of the following would BEST help minimize the risk associated with social engineering threats?

Correct Answer: D
Section: Volume D
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Question 194

One of the risk events you've identified is classified as force majeure. What risk response is likely to be used?

Correct Answer: A
Section: Volume B
Explanation:
Force majeure describes acts of God (Natural disaster), such as tornados and fires, and are usually accepted because there's little than can be done to mitigate these risks.
Incorrect Answers:
B: Transference transfers the risk ownership to a third party, usually for a fee.
C: Enhance is used for a positive risk event, not for force majeure.
D: Mitigation isn't the best choice, as this lowers the probability and/or impact of the risk event.
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Question 195

You are the project manager of your enterprise. You have introduced an intrusion detection system for the control. You have identified a warning of violation of security policies of your enterprise. What type of control is an intrusion detection system (IDS)?

Correct Answer: A
Section: Volume A
Explanation:
An intrusion detection system (IDS) is a device or software application that monitors network and/or system activities for malicious activities or policy violations and produces reports to a Management Station. Some systems may attempt to stop an intrusion attempt but this is neither required nor expected of a monitoring system. Intrusion detection and prevention systems (IDPS) are primarily focused on identifying possible incidents, logging information about them, and reporting attempts. In addition, organizations use IDPS for other purposes, such as identifying problems with security policies, documenting existing threats, and deterring individuals from violating security policies.
As IDS detects and gives warning when the violation of security policies of the enterprise occurs, it is a detective control.
Incorrect Answers:
B: These controls make effort to reduce the impact of a threat from problems discovered by detective controls.
As IDS only detects but not reduce the impact, hence it is not a corrective control.
C: As IDS only detects the problem when it occurs and not prior of its occurrence, it is not preventive control.
D: These controls make efforts to overcome the impact of the incident on the business, hence IDS is not a recovery control.
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