ISACA IT-RISK-FUNDAMENTALS EXAM DETAILS | TEST IT-RISK-FUNDAMENTALS FREE

ISACA IT-Risk-Fundamentals Exam Details | Test IT-Risk-Fundamentals Free

ISACA IT-Risk-Fundamentals Exam Details | Test IT-Risk-Fundamentals Free

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ISACA IT-Risk-Fundamentals Exam Syllabus Topics:

TopicDetails
Topic 1
  • Risk Identification: This section focuses on recognizing potential risks within IT systems. It explores various techniques for identifying risks, including threats, vulnerabilities, and other factors that could impact organizational operations.
Topic 2
  • Risk Intro and Overview: This section of the exam measures the skills of risk management professionals and provides a foundational understanding of risk concepts, including definitions, significance, and the role of risk management in achieving organizational objectives.
Topic 3
  • Risk Governance and Management: This domain targets risk management professionals who establish and oversee risk governance frameworks. It covers the structures, policies, and processes necessary for effective governance of risk within an organization. Candidates will learn about the roles and responsibilities of key stakeholders in the risk management process, as well as best practices for aligning risk governance with organizational goals and regulatory requirements.

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It is the most straightforward format of our IT Risk Fundamentals Certificate Exam (IT-Risk-Fundamentals) exam material. The PDF document has updated and actual ISACA Exam Questions with correct answers. This format is helpful to study for the IT-Risk-Fundamentals exam even in busy routines. IT-Risk-Fundamentals Exam Questions in this format are printable and portable. You are free to get a hard copy of IT Risk Fundamentals Certificate Exam (IT-Risk-Fundamentals) PDF questions or study them on your smartphones, tablets, and laptops at your convenience.

ISACA IT Risk Fundamentals Certificate Exam Sample Questions (Q68-Q73):

NEW QUESTION # 68
Which of the following BEST supports a risk-aware culture within an enterprise?

  • A. The enterprise risk management (ERM) function manages all risk-related activities.
  • B. Risk issues and negative outcomes are only shared within a department.
  • C. Risk is identified, documented, and discussed to make business decisions.

Answer: C

Explanation:
A risk-aware culture is one where everyone in the organization is aware of risks and considers them in their decisions. Option C describes this best. When risk is identified, documented, and discussed openly, it becomes part of the decision-making process at all levels. This fosters a proactive approach to risk management.
Option A is incorrect because sharing risk information only within a department creates silos and prevents a holistic view of risk. Option B is incorrect because while the ERM function plays a vital role, it shouldn't manage all risk-related activities. Risk management should be embedded throughout the organization, with individuals at all levels responsible for managing risks within their areas.


NEW QUESTION # 69
An enterprise is currently experiencing an unacceptable 8% processing error rate and desires to manage risk by establishing a policy that error rates cannot exceed 5%. In addition, management wants to be alerted when error rates meet or exceed 4%. The enterprise should set a key performance indicator (KPI) metric at which of the following levels?

  • A. 5%
  • B. 4%
  • C. 8%

Answer: B

Explanation:
Setting KPIs:
* A Key Performance Indicator (KPI) should be set at a level that allows for early detection and response to deviations from desired performance levels.
* In this case, management wants to be alerted when error rates meet or exceed 4%, even though the acceptable limit is 5%.
Alert Threshold:
* Setting the KPI at 4% ensures that management receives timely alerts before reaching the unacceptable error rate of 5%.
* This approach enables proactive management and correction of processes to maintain error rates within acceptable limits.
References:
* ISA 315 (Revised 2019), Anlage 5discusses the importance of monitoring and setting appropriate thresholds for performance and risk indicators to manage and mitigate risks effectively.


NEW QUESTION # 70
Potential losses resulting from employee errors and system failures are examples of:

  • A. strategic risk.
  • B. operational risk.
  • C. market risk.

Answer: B

Explanation:
Operationelle Risiken umfassen Verluste, die durch unzureichende oder fehlgeschlagene interne Prozesse, Personen und Systeme oder durch externe Ereignisse verursacht werden. Mitarbeiterfehler und Systemausfalle sind typische Beispiele fur operationelle Risiken.
* Definition und Kategorien von Risiken:
* Operational Risk: Betrifft Verluste aufgrund interner Prozesse oder menschlicher Fehler.
* Market Risk: Verluste aufgrund von Marktschwankungen.
* Strategic Risk: Verluste aufgrund von Fehlentscheidungen im Management oder strategischen Planungsfehlern.
* Beispiele fur operationelle Risiken:
* Mitarbeiterfehler: Fehlerhafte Dateneingabe, Nichtbeachtung von Arbeitsprozessen.
* Systemausfalle: IT-Systemabsturze, Hardware-Fehlfunktionen.
References:
* ISA 315: Operational risks and how they are identified and managed within the IT environment.
* ISO 27001: Information security management systems that include measures for mitigating operational risks.


NEW QUESTION # 71
Which of the following is the MOST important factor to consider when developing effective risk scenarios?

  • A. Real and relevant potential risk events
  • B. Risk events that affect both financial and strategic objectives
  • C. Previously materialized risk events impacting competitors

Answer: A

Explanation:
The most important factor when developing risk scenarios is that they represent real and relevant potential risk events. The scenarios should be based on credible threats and vulnerabilities that could actually impact the organization. This ensures that the risk assessment is focused on the most important risks.
While considering risks that affect financial and strategic objectives (A) is important, relevance is paramount.
Learning from competitors' experiences (B) can be helpful, but the scenarios must be relevant to your own organization.


NEW QUESTION # 72
Which of the following statements on an organization's cybersecurity profile is BEST suited for presentation to management?

  • A. Risk management believes the likelihood of a cyber attack is not imminent.
  • B. Security measures are configured to minimize the risk of a cyber attack.
  • C. The probability of a cyber attack varies between unlikely and very likely.

Answer: B

Explanation:
Communicating Cybersecurity Profile:
* When presenting the organization's cybersecurity profile to management, it is crucial to focus on the effectiveness of the security measures in place and their ability to minimize risks.
Clarity and Relevance:
* Statement A ("The probability of a cyber attack varies between unlikely and very likely") is too vague
* and does not provide actionable information.
* Statement B ("Risk management believes the likelihood of a cyber attack is not imminent") lacks specificity and does not detail the measures taken.
Effectiveness of Security Measures:
* Statement C highlights the proactive steps taken to configure security measures to minimize risk. This approach is more likely to instill confidence in management about the current cybersecurity posture.
* According to best practices in IT risk management, as outlined in various frameworks such as NIST and ISO 27001, focusing on the effectiveness and configuration of security controls is key to managing cybersecurity risks.
Conclusion:
* Thus, the statement best suited for presentation to management is:Security measures are configured to minimize the risk of a cyber attack.


NEW QUESTION # 73
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