Chapter 1: Mitigate Risk Review Questions

$2 Million; It does not matter how frequent a loss is projected (only once every 60 years, in this case). What does matter is that each occurrence will be disastrous: SLE (single loss expectancy) is equal to asset value (AV) times exposure factor (EF). In this case, asset value is $2 million, and the exposure factor is 1.

Consider the following scenario. The asset value of your company's primary servers is $2 million, and they are housed in a single office building in Anderson, Indiana. Field offices are scattered throughout the United States, but the workstations located at the field offices serve as thin clients and access data from the Anderson servers. Tornados in this part of the country are not uncommon, and it is estimated that one will level the building every 60 years. Which of the following is the SLE for this scenario

$6,250; If you calculate SLE to be $25,000 and that there will be one occurrence every four years (ARO), then the ALE is $6,250 ($25,000 × 0.25).

If you calculate SLE to be $25,000 and that there will be one occurrence every four years (ARO), then what is the ALE?

$33,333.33; ALE (annual loss expectancy) is equal to the SLE times the annualized rate of occurrence. In this case, the SLE is $2 million, and the ARO is 1/60.

Refer to the scenario in question 2. Which of the following amounts is the ALE for this scenario?

0.0167; ARO (annualized rate of occurrence) is the frequency (in number of years) that an event can be expected to happen. In this case, ARO is 1/60, or 0.0167.

Refer to the scenario in question 2. Which of the following is the ARO for this scenario?

False positives

What is the term used for events that were mistakenly flagged although they weren't truly events about which to be concerned?

$400,000; If you calculate the SLE to be $4,000 and that there will be 10 occurrences a year (ARO), then the ALE is $40,000 ($4,000 × 10).

If you calculate the SLE to be $4,000 and that there will be 10 occurrences a year (ARO), then the ALE is:

Collision

Separation of duties helps to prevent an individual from embezzling money from a company. To embezzle funds successfully, an individual would need to recruit others to commit an act of ______ (an agreement between two or more parties established for the purpose of committing deception or fraud)

BIA

The risk assessment component, in conjunction with the ______, provides the organization with an accurate picture of the situation facing it.

ISA

Which of the following agreements contains the technical information regarding the technical and security requirements of the interconnection between two or more organizations?

Change Management

Which of the following is the structured approach that is followed to secure a company's assets?

Separation of duties

Which of the following policies are designed to reduce the risk of fraud and prevent other losses in an organization?

Acceptable Use

Which of the following policies describes how the employees in an organization can use company systems and resources, both software and hardware?

Least Privilege

Which of the following policies should be used when assigning permissions, giving users only the permissions they need to do their work and no more?

Exception

Which of the following policy statements may include an escalation contact in the event that the person dealing with a situation needs to know who to contact?

Accountability

Which of the following policy statements should address who is responsible for ensuring that the policy is enforced?

Risk Avoidance

Which of the following strategies involves identifying a risk and making the decision to discontinue engaging in the action?

Risk Transference

Which of the following strategies involves sharing some of the risk burden with someone else, such as an insurance company

Risk Avoidance

Which of the following strategies is accomplished any time you take steps to reduce risk?

Risk Acceptance

Which of the following strategies necessitates an identified risk that those involved understand the potential cost/damage and agree to live with it?

Guidelines

You're the chief security contact for MTS. One of your primary tasks is to document everything related to security and to create a manual that can be used to manage the company in your absence. Which documents should be referenced in your manual as the ones that identify the methods used to accomplish a given task?