In an annual review, a company finds that some leased equipment is not documented. What should be the first action according to asset management standards?
Correct Answer: B
The correct answer for managing missing leased equipment in asset inventories involves updating the records. This step ensures that all assets are accounted for, which is critical for maintaining control over organizational assets and planning for future needs.
Question 57
Which of the following indicators is LEAST likely to trigger a reassessment of an existing vendor?
Correct Answer: D
This answer is correct because a change at outsourcer due to merger and acquisition (M&A) is the least likely indicator to trigger a reassessment of an existing vendor. This is because the outsourcer is not the direct vendor of the organization, but rather a third party that the vendor uses to perform some of its services. Therefore, the impact of the change at the outsourcer on the vendor's performance and risk level may not be significant or immediate. However, the other indicators (A, B, and C) are more likely to trigger a reassessment of an existing vendor, as they directly affect the vendor's operations, capabilities, and compliance status. For example: * A change in vendor location or use of new fourth parties may introduce new risks such as geopolitical, regulatory, or cybersecurity risks that need to be evaluated and mitigated. * A change in scope of existing work may alter the vendor's access to the organization's data or systems, which may require additional security measures and controls to protect the confidentiality, integrity, and availability of the information assets. * A change in regulation that impacts service provider requirements may impose new obligations or standards on the vendor that need to be verified and monitored to ensure compliance and avoid penalties or fines. References: * How to Conduct a Successful Vendor Risk Assessment in 9 Steps, Case IQ * Why You Need to Reassess Vendor Risk on an Ongoing Basis, ThirdPartyTrust * Vendor Assessment and Evaluation Guide, Smartsheet
Question 58
In a scenario where a critical software provider's system crashes, causing substantial operational delays, what aspect of the impact should be analyzed first?
Correct Answer: C
In this scenario, analyzing the immediate effect on the organization's ability to perform essential functions is crucial, as it helps determine the urgency and scale of response needed to mitigate the impact of the disruption.
Question 59
The primary factors determining an IT asset's EOL status include ____________.
Correct Answer: D
The factors determining an IT asset's EOL status are operational effectiveness, manufacturer support, and technological obsolescence. These criteria are used because they directly affect the asset's ability to perform its intended function safely and efficiently.
Question 60
What is the primary focus of the 'Private internal' layer in the Defense in Depth security model?
Correct Answer: A
The 'Private internal' layer in the Defense in Depth security model is designed to protect the most sensitive and critical assets of an organization. This layer focuses on safeguarding the core, confidential aspects of an organization's infrastructure and data, which are essential for maintaining the security and operational integrity of the organization.
