DESKTOP BASED PECB ISO-IEC-27005-RISK-MANAGER PRACTICE TEST SOFTWARE

Desktop Based PECB ISO-IEC-27005-Risk-Manager Practice Test Software

Desktop Based PECB ISO-IEC-27005-Risk-Manager Practice Test Software

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PECB ISO-IEC-27005-Risk-Manager Exam Syllabus Topics:

TopicDetails
Topic 1
  • Information Security Risk Management Framework and Processes Based on ISO
  • IEC 27005: Centered around ISO
  • IEC 27005, this domain provides structured guidelines for managing information security risks, promoting a systematic and standardized approach aligned with international practices.
Topic 2
  • Implementation of an Information Security Risk Management Program: This domain discusses the steps for setting up and operationalizing a risk management program, including procedures to recognize, evaluate, and reduce security risks within an organization’s framework.
Topic 3
  • Other Information Security Risk Assessment Methods: Beyond ISO
  • IEC 27005, this domain reviews alternative methods for assessing and managing risks, allowing organizations to select tools and frameworks that align best with their specific requirements and risk profile.
Topic 4
  • Fundamental Principles and Concepts of Information Security Risk Management: This domain covers the essential ideas and core elements behind managing risks in information security, with a focus on identifying and mitigating potential threats to protect valuable data and IT resources.

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PECB Certified ISO/IEC 27005 Risk Manager Sample Questions (Q59-Q64):

NEW QUESTION # 59
Which of the following statements best defines information security risk?

  • A. Potential cause of an unwanted incident related to information security that can cause harm to an organization
  • B. Weakness of an asset or control that can be exploited by one or a group of threats
  • C. The potential that threats will exploit vulnerabilities of an information asset and cause harm to an organization

Answer: C

Explanation:
Information security risk, as defined by ISO/IEC 27005, is "the potential that a threat will exploit a vulnerability of an asset or group of assets and thereby cause harm to the organization." This definition emphasizes the interplay between threats (e.g., cyber attackers, natural disasters), vulnerabilities (e.g., weaknesses in software, inadequate security controls), and the potential impact or harm that could result from this exploitation. Therefore, option A is the most comprehensive and accurate description of information security risk. In contrast, option B describes a vulnerability, and option C focuses on the cause of an incident rather than defining risk itself. Option A aligns directly with the risk definition in ISO/IEC 27005.


NEW QUESTION # 60
According to ISO/IEC 27005, what is the input when selecting information security risk treatment options?

  • A. A list of risks with level values assigned
  • B. A list of prioritized risks with event or risk scenarios that lead to those risks
  • C. A risk treatment plan and residual risks subject to the acceptance decision

Answer: B

Explanation:
According to ISO/IEC 27005, the input for selecting information security risk treatment options should include a list of prioritized risks along with the specific event or risk scenarios that led to those risks. This information helps decision-makers understand the context and potential impact of each risk, allowing them to choose the most appropriate treatment options. Option A is incorrect because the risk treatment plan and residual risks are outputs, not inputs, of the risk treatment process. Option C is incorrect because a list of risks with level values assigned provides limited context for selecting appropriate treatment options.


NEW QUESTION # 61
Scenario 4: In 2017, seeing that millions of people turned to online shopping, Ed and James Cordon founded the online marketplace for footwear called Poshoe. In the past, purchasing pre-owned designer shoes online was not a pleasant experience because of unattractive pictures and an inability to ascertain the products' authenticity. However, after Poshoe's establishment, each product was well advertised and certified as authentic before being offered to clients. This increased the customers' confidence and trust in Poshoe's products and services. Poshoe has approximately four million users and its mission is to dominate the second-hand sneaker market and become a multi-billion dollar company.
Due to the significant increase of daily online buyers, Poshoe's top management decided to adopt a big data analytics tool that could help the company effectively handle, store, and analyze dat a. Before initiating the implementation process, they decided to conduct a risk assessment. Initially, the company identified its assets, threats, and vulnerabilities associated with its information systems. In terms of assets, the company identified the information that was vital to the achievement of the organization's mission and objectives. During this phase, the company also detected a rootkit in their software, through which an attacker could remotely access Poshoe's systems and acquire sensitive data.
The company discovered that the rootkit had been installed by an attacker who had gained administrator access. As a result, the attacker was able to obtain the customers' personal data after they purchased a product from Poshoe. Luckily, the company was able to execute some scans from the target device and gain greater visibility into their software's settings in order to identify the vulnerability of the system.
The company initially used the qualitative risk analysis technique to assess the consequences and the likelihood and to determine the level of risk. The company defined the likelihood of risk as "a few times in two years with the probability of 1 to 3 times per year." Later, it was decided that they would use a quantitative risk analysis methodology since it would provide additional information on this major risk. Lastly, the top management decided to treat the risk immediately as it could expose the company to other issues. In addition, it was communicated to their employees that they should update, secure, and back up Poshoe's software in order to protect customers' personal information and prevent unauthorized access from attackers.
According to scenario 4, which type of assets was identified during the risk identification process?

  • A. Tangible assets
  • B. Supporting assets
  • C. Primary assets

Answer: C

Explanation:
During the risk identification process, Poshoe identified the information that was vital to the achievement of the organization's mission and objectives. Such information is considered a primary asset because it directly supports the organization's core business objectives. Primary assets are those that are essential to the organization's functioning and achieving its strategic goals. Option A (Tangible assets) refers to physical assets like hardware or facilities, which is not relevant here. Option C (Supporting assets) refers to assets that support primary assets, like IT infrastructure or software, which also does not fit the context.


NEW QUESTION # 62
Does information security reduce the impact of risks?

  • A. No, information security does not have an impact on risks as information security and risk management are separate processes
  • B. Yes, information security reduces the impact of risks by eliminating the likelihood of exploitation of vulnerabilities by threats
  • C. Yes, information security reduces risks and their impact by protecting the organization against threats and vulnerabilities

Answer: C

Explanation:
Information security aims to protect information assets against threats and vulnerabilities that could lead to unauthorized access, disclosure, alteration, or destruction. By implementing effective security measures (such as access controls, encryption, and monitoring), an organization reduces the likelihood of vulnerabilities being exploited and mitigates the potential impact of risks. According to ISO/IEC 27005, risk management in information security includes identifying, assessing, and applying controls to reduce both the likelihood and impact of potential risks. Thus, option A is correct because it acknowledges the role of information security in reducing the impact of risks. Option B is incorrect because information security is a key component of risk management, and option C is incorrect because information security does not eliminate risks entirely; it mitigates their impact.


NEW QUESTION # 63
Scenario 2: Travivve is a travel agency that operates in more than 100 countries. Headquartered in San Francisco, the US, the agency is known for its personalized vacation packages and travel services. Travivve aims to deliver reliable services that meet its clients' needs. Considering the impact of information security in its reputation, Travivve decided to implement an information security management system (ISMS) based on ISO/IEC 27001. In addition, they decided to establish and implement an information security risk management program. Based on the priority of specific departments in Travivve, the top management decided to initially apply the risk management process only in the Sales Management Department. The process would be applicable for other departments only when introducing new technology.
Travivve's top management wanted to make sure that the risk management program is established based on the industry best practices. Therefore, they created a team of three members that would be responsible for establishing and implementing it. One of the team members was Travivve's risk manager who was responsible for supervising the team and planning all risk management activities. In addition, the risk manager was responsible for monitoring the program and reporting the monitoring results to the top management.
Initially, the team decided to analyze the internal and external context of Travivve. As part of the process of understanding the organization and its context, the team identified key processes and activities. Then, the team identified the interested parties and their basic requirements and determined the status of compliance with these requirements. In addition, the team identified all the reference documents that applied to the defined scope of the risk management process, which mainly included the Annex A of ISO/IEC 27001 and the internal security rules established by Travivve. Lastly, the team analyzed both reference documents and justified a few noncompliances with those requirements.
The risk manager selected the information security risk management method which was aligned with other approaches used by the company to manage other risks. The team also communicated the risk management process to all interested parties through previously established communication mechanisms. In addition, they made sure to inform all interested parties about their roles and responsibilities regarding risk management. Travivve also decided to involve interested parties in its risk management activities since, according to the top management, this process required their active participation.
Lastly, Travivve's risk management team decided to conduct the initial information security risk assessment process. As such, the team established the criteria for performing the information security risk assessment which included the consequence criteria and likelihood criteria.
Based on scenario 2, the team decided to involve interested parties in risk management activities. Is this a good practice?

  • A. No, only the risk management team should be involved in risk management activities
  • B. Yes, relevant interested parties should be involved in risk management activities to ensure the successful completion of the risk assessment
  • C. No. only internal interested parties should be involved in risk management activities

Answer: B

Explanation:
According to ISO/IEC 27005, involving relevant interested parties in the risk management process is considered a best practice. This approach ensures that all perspectives are considered, and relevant knowledge is leveraged, which helps in comprehensively identifying, analyzing, and managing risks. Interested parties, such as stakeholders, can provide valuable insights and information regarding the organization's assets, processes, threats, and vulnerabilities, contributing to a more accurate and effective risk assessment. Therefore, option B is correct because it supports the principle that involving relevant parties leads to a more successful risk assessment process. Options A and C are incorrect because excluding either external interested parties or restricting involvement only to the risk management team would limit the effectiveness of the risk management process.


NEW QUESTION # 64
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