ECCouncil Updated 712-50 Exam Questions and Answers by reina

cost/benefit analysis evaluates the financial and operational advantages of a security initiative against its costs, helping build a strong business case.

Foundation for Business Cases:

Provides clarity on the financial return, operational improvements, and risk reductions offered by the initiative.

Key Elements:

Quantitative: Monetary costs and potential savings from risk mitigation.

Qualitative: Non-financial benefits like improved reputation or compliance.

Decision Support:

Enables stakeholders to understand the trade-offs, ROI, and overall value, making it a cornerstone for justifying investments.

Additional Factors:

Budget forecasts, vendor proposals, and management considerations complement but do not replace a cost/benefit analysis.

Strategic Justification: Outlines the importance of cost/benefit analysis in presenting security initiatives to decision-makers.

Resource Allocation: Helps prioritize projects with maximum return and risk reduction.

EC-Council CISO References:

The follow-up phase in incident response involves analyzing the incident to identify gaps in security controls and implement measures to prevent recurrence.

Phases of Incident Response:

Response: Immediate actions to contain and mitigate the incident.

Investigation: Gathering information to understand the incident.

Recovery: Restoring systems to normal operation.

Follow-up: Post-incident analysis and improvement measures.

Measures to Reduce Likelihood:

Root cause analysis to identify weaknesses exploited by the attack.

Implementation of improved controls and security measures.

Alignment with Objectives:

Follow-up focuses on long-term prevention, aligning with organizational resilience goals.

Incident Response Frameworks: Emphasizes the importance of follow-up for continuous improvement.

Risk Reduction Strategies: Incorporates lessons learned to enhance defense mechanisms.

EC-Council CISO References:

Authentication Defined:

Authentication is the process of verifying the identity of an entity (person, system, or device) seeking access to resources.

Typically involves something the user knows (password), has (token), or is (biometric).

Comparison with Related Terms:

Identification: Specifies who the user claims to be (e.g., username).

Authorization: Determines what resources the authenticated user can access.

Accountability: Tracks user actions after authentication and authorization.