CompTIA Updated SY0-701 Exam Questions and Answers by ariyah

Detailed Explanation:

Sanctions imposed for non-compliance can include fines, legal actions, and loss of business licenses. These pose a significant financial and reputational risk to organizations. Reference: CompTIA Security+ SY0-701 Study Guide, Domain 5: Security Program Management, Section: " Regulatory Compliance Risks " ​​.

Data classification is the process of assigning labels or tags to data based on its sensitivity, value, and risk. Data classification is the first step in a data loss prevention (DLP) solution, as it helps to identify what data needs to be protected and how. By applying classifications to the data, the security administrator can define appropriate policies and rules for the DLP solution to prevent the exfiltration of sensitive customer data. References: CompTIA Security+ Study Guide: Exam SY0-701, 9th Edition, Chapter 8: Data Protection, page 323. CompTIA Security+ Practice Tests: Exam SY0-701, 3rd Edition, Chapter 8: Data Protection, page 327.

Cyber insurance is a type of insurance that covers the financial losses and liabilities that result from cyberattacks, such as data breaches, ransomware, denial-of-service, phishing, or malware. Cyber insurance can help a company recover from the costs of restoring data, repairing systems, paying ransoms, compensating customers, or facing legal actions. Cyber insurance is one of the possible strategies that a company can use to address the items listed on the risk register. A riskregister is a document that records the identified risks, their probability, impact, and mitigation strategies for a project or an organization. The four common risk mitigation strategies are:

Accept: The company acknowledges the risk and decides to accept the consequences without taking any action to reduce or eliminate the risk. This strategy is usually chosen when the risk is low or the cost of mitigation is too high.

Transfer: The company transfers the risk to a third party, such as an insurance company, a vendor, or a partner. This strategy is usually chosen when the risk is high or the company lacks the resources or expertise to handle the risk.

Mitigate: The company implements controls or measures to reduce the likelihood or impact of the risk. This strategy is usually chosen when the risk is moderate or the cost of mitigation is reasonable.

Avoid: The company eliminates the risk by changing the scope, plan, or design of the project or the organization. This strategy is usually chosen when the risk is unacceptable or the cost of mitigation is too high.

By purchasing cyber insurance, the company is transferring the risk to the insurance company, which will cover the financial losses and liabilities in case of a cyberattack. Therefore, the correct answer is B. Transfer. References = CompTIA Security+ Study Guide (SY0-701), Chapter 8: Governance, Risk, and Compliance, page 377. Professor Messer’s CompTIA SY0-701 Security+ Training Course, Section 8.1: Risk Management, video: Risk Mitigation Strategies (5:37).

The best answer is A. Internal self-assessment.

A gap analysis is used to compare the organization’s current security, compliance, or control posture against a required standard, framework, or regulatory requirement. If the company wants to do this in the most cost-effective way, an internal self-assessment is the best choice because it allows the organization to review its own policies, procedures, controls, and documentation without the added expense of external testing or specialized attack simulations.

Why the other options are incorrect:

B. Active reconnaissanceActive reconnaissance involves directly interacting with systems to gather information, often as part of security testing or attack emulation. It is not the best option for a compliance-focused gap analysis.

C. Red team penetration testA red team exercise is more advanced and expensive. It simulates real-world attacks to test detection and response capabilities. This is valuable for security maturity, but it is not the most cost-effective method for identifying compliance gaps before an audit.

D. Tabletop exerciseA tabletop exercise is a discussion-based activity used to test incident response plans, communication, and decision-making. It does not primarily identify regulatory compliance gaps.

From a Security+ perspective, self-assessments, audits, and gap analyses are part of governance, risk, and compliance activities. For a low-cost review against regulatory requirements, internal self-assessment is the most appropriate answer.