Isaca CRISC Exam Dumps

A risk register is a tool that records and tracks the risks that may affect a project, as well as the actions that are taken or planned to manage them1.A risk register should include information such as the risk description, category, source, impact, likelihood, severity, owner, status, and response2. Among these, the most important information to capture in the risk register is the action plans to address risk scenarios requiring treatment.This is because the action plans are the specific steps that are taken to reduce, avoid, transfer, or accept the risks, depending on thechosen risk treatment option3.The action plans should beclear, realistic, measurable, and aligned with the project objectives and constraints4.The action plans should also be monitored and updated regularly to ensure that they are effective and appropriate for the changing risk environment5. The action plans are essential for managing the risks and ensuring the successful delivery of the project. The other options are not the most important information to capture in the risk register, as they are either less relevant or less actionable than the action plans.The team that performed the risk assessment is the group of people who identified, analyzed, and evaluated the risks, using various tools and techniques6. While this information may be useful foraccountability and communication purposes, it is not as important as the action plans, as it does not indicate how the risks are treated or resolved. The assigned risk manager to provide oversight is the person who has the responsibility and authority to oversee the risk management process and ensure that the risks are properly identified, assessed, treated, and reported. While this information may be useful for governance and coordination purposes, it is not as important as the action plans, as it does not specify what actions are taken or planned to manage the risks. The methodology used to perform the risk assessment is the approach or framework that is used to identify, analyze, and evaluate the risks, based on the project context, scope, and objectives. While this information may be useful for consistency and transparency purposes, it is not as important as the action plans, as it does not describe how the risks are addressed or mitigated.Reference:= Risk and Information Systems Control Study Manual, 7th Edition, Chapter 2, Section 2.1.5, Page 55.

The most important factor for a risk practitioner to consider when determining the control requirements for data privacy arising from emerging technologies is the laws and regulations that apply to the organization and the technologies. Laws and regulations are the legal and ethical obligations that the organization must comply with when collecting, processing, storing, and sharing personal data. Laws and regulations can vary depending on the jurisdiction, sector, and type of data involved, and they can impose different requirements and restrictions on the use of emerging technologies that may affect data privacy.For example, the General Data Protection Regulation (GDPR) in the European Union, the California Consumer Privacy Act (CCPA) in the United States, and the Personal Data Protection Act (PDPA) in Singapore are some of the laws and regulations that govern data privacy and protection in different regions and contexts123. A riskpractitioner should consider the laws and regulations when determining the control requirements for data privacy arising from emerging technologies, because they can help to ensure that the organization respects the rights and interests of the data subjects, avoids legal and reputational risks, and maintains trust and accountability. The other options are not the mostimportant factor, although they may be relevant or influential to the control requirements for data privacy arising from emerging technologies. Internal audit recommendations are the suggestions and feedback from the internal audit function, which evaluates and improves the effectiveness of the governance, risk management, and control systems of the organization, but they do not supersede or replace the laws and regulations. Policies and procedures are the rules and guidelines that define how the organization operates and conducts its activities, but they should be aligned and consistent with the laws and regulations. Standards and frameworks are the best practices and benchmarks that are adopted by the organization to guide and support its processes and performance, but they should be compatible and compliant with the laws and regulations.Reference:=Emerging privacy-enhancing technologies: Current regulatory and policy approaches | en | OECD,Data and Cybersecurity: 2023 Regulatory Challenges - KPMG,Ethical Dilemmas and Privacy Issues in Emerging Technologies: A ... - MDPI

IT risk assessments can best be used by management as input for decision-making, because they provide valuable information about the current and potential risks facing the organization's IT systems, networks, and data, and their impact on the organization's objectives and performance. IT risk assessments can help management to identify and prioritize the most critical and relevant risks, and to evaluate and select the most appropriate and effective risk responses. IT risk assessments can also help management to allocate and optimize the resources and budget for IT risk management, and to communicate and report the risk status and performance to the senior management, the board of directors, and other stakeholders.IT risk assessments can support management in making informed and balanced decisions that consider both the opportunities and the threats of IT-related activities and investments.Reference:= Complete Guide to IT Risk Management1

The most reliable evidence of the effectiveness of security controls implemented for a web application is penetration testing. Penetration testing is a process that simulates an attack on the web application by exploiting its vulnerabilities, using the same tools and techniques as real attackers. Penetration testing helps to evaluate the effectiveness of security controls, because it helps to verify that the security controls can prevent, detect, or mitigate the attack, and to measure the impact and severity of the attack. Penetration testing also helps to identify and address any weaknesses or gaps in the security controls, and to provide recommendations andsolutions for improving the security of the web application. The other options are not as reliable as penetration testing, although they may provide some evidence of the effectiveness of security controls. IT general controls audit, vulnerability assessment, and fault tree analysis are all examples of analytical or evaluative methods, which may help to assess or estimate the effectiveness of security controls, but they do not necessarily test or measure the effectiveness of security controls in a realistic scenario.Reference:=10

The risk practitioner's best course of action after identifying risk scenarios related to noncompliance with new industry regulations is to escalate to senior management, as they have the authority and responsibility to decide on the appropriate risk response and allocate the necessary resources. Transferring the risk, implementing monitoring controls, and recalculating the risk are possible risk responses, but they require senior management approval and direction.Reference:= Risk Scenarios Toolkit, page 19; CRISC Review Manual, 7th Edition, page 107.