Isaca Updated CRISC Exam Questions and Answers by tymoteusz

CRISC maturity models describe high-maturity organizations as those whererisk management is integrated into everyday operations and decision-making.

Supporting extract:

“An organization achieves mature risk management when risk principles are embedded within business operations, culture, and decision-making processes.”

AandBdescribe compliance-level practices.

Dshows oversight but not integration.

Creflects operational embedding, which defines maturity.

CRISC Reference:Domain 1 – IT Risk Governance, Topic: Risk Management Maturity Model.

 Understanding the Question:

The question focuses on the primary reason for communicating risk assessment results to data owners.

 Analyzing the Options:

A. Design of appropriate controls:This is important but not the primary reason for communication.

B. Industry benchmarking of controls:This is secondary to the main goal of communicating risk.

C. Prioritization of response efforts:This enables data owners to allocate resources and address the most critical risks first.

D. Classification of information assets:This is typically part of the initial risk assessment process, not the main communication goal.



Communication of Risk Assessment Results:Ensuring data owners understand the results of risk assessments allows them to make informed decisions on where to focus their efforts.

Prioritization:Data owners can prioritize their actions based on the assessed risk levels, ensuring that resources are allocated efficiently to mitigate the most significant risks.

Business impact analysis (BIA) is the most useful analysis for prioritizing risk scenarios associated with loss of IT assets, because it evaluates the potential consequences of disruption tocritical business functions and processes. BIA helps to identify the most significant risks and the most urgent recovery needs. SWOT analysis, cost-benefit analysis, and root cause analysis are all useful tools for different purposes, but they do not directly address the impact of risk scenarios on business continuity and resilience. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.2.1, page 143

 The data owner is accountable for the confidentiality of the data that is outsourced to a third party with servers located in a foreign country. The data owner is the person or entity that has the authority and responsibility to classify, label, and protect the data according to the organization’s policies and standards. The data owner is also responsible for defining the data access rights and privileges, and for ensuring that the data is handled in compliance with the applicable laws and regulations. The data owner retains the accountability for the data even when it is outsourced to a third party, and must monitor and evaluate the security performance and compliance of the service provider. The third-party data custodian, the data custodian, and the regional office executive are not accountable for the confidentiality of the data, as they have different roles and responsibilities in the outsourcing process. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 5, Section 5.2.1.2, page 2461

1: ISACA Certified in Risk and Information Systems Control (CRISC®) Exam Guide, Answer to Question 654.