Which Of The Following Is The Weakest Element In Any Security Solution?

What is primary risk?

Share.

View.

Primary risk means assuming a subordinated position on any loan..

What is a risk governance structure?

It refers to the formal structures used to support risk-based decision making and oversight across all operations of an organisation. Risk governance involves the board, board committees, delegations, management structures (i.e. CEO, senior management team, etc.) … Provide a sound basis for making risk-based decisions.

How do you calculate residual risk?

Formula to Calculate Residual RiskNow, inherent risk = $ 500 million.Impact of risk controls = $ 400 million.Thus, residual risk = inherent risk – impact of risk controls = 500 – 400 = $ 100 million.

What are the two common data classification schemes?

The two most common data-classification schemes are military and public.

What is the term used for the percentage of loss an organization would experience in the event of violation of a specific threat by a realized risk?

An exposure factor is an element of quantitative risk analysis that represents the percentage of loss that an organization would experience if a specific asset were violated by a realized risk.

How do you calculate exposure factor?

The percentage of the asset value that would be lost is the exposure factor (EF). The dollar (or other currency) amount that would be lost if the threat was realized is the single loss expectancy (SLE), and is computed using the following formula: SLE = asset value x exposure factor.

How is SLE calculated?

In calculating risk, there are two general formulas that are used: SLE (single loss expectancy) and ALE (annualized loss expectancy). SLE is the starting point to determine the single loss that would occur if a specific item occurred. The formula for the SLE is: SLE = asset value × exposure factor .

What is COSO risk management framework?

The Framework defines enterprise risk management and describes principles and concepts, providing direction for all levels of management in businesses and other organizations to use in evaluating and enhancing the effectiveness of enterprise risk management.

What are the five steps in risk management process?

Five Steps of the Risk Management ProcessStep 1: Identify the Risk. The first step is to identify the risks that the business is exposed to in its operating environment. … Step 2: Analyze the Risk. … Step 3: Evaluate or Rank the Risk. … Step 4: Treat the Risk. … Step 5: Monitor and Review the Risk.

What is the term for risk left over after security controls are applied?

The leftover risk after countermeasures are implemented is called residual risk. Residual risk differs from total risk, which is the risk companies face when they choose not to implement any countermeasures.

Which of the following contains the primary goals and objectives of information security?

The primary goals and objectives of security are confidentiality, integrity, and availability, commonly referred to as the CIA Triad .

What is SLE security?

Single-loss expectancy (SLE) is the monetary value expected from the occurrence of a risk on an asset. It is related to risk management and risk assessment.

When a security control or countermeasure is not present or is not sufficient What remains?

A vulnerability is the absence or weakness of a safeguard or countermeasure.

Which of the following describes the freedom from being observed monitored or examined without consent or knowledge?

PrivacyAnswer: [b] Privacy – One definition of privacy is freedom from being observed, monitored, or examined without consent or knowledge.

How is single loss expectancy calculated?

It is mathematically expressed as follows: Single Loss Expectancy (SLE) = Asset Value (AV) * Exposure Factor (EF) where the Exposure Factor is represented in the impact of the risk over the asset, or percentage of asset lost. As an example, if the Asset Value is reduced two thirds, the exposure factor value is .

What is risk mapping?

Risk Mapping, Assessment, and Planning (Risk MAP) is the Federal Emergency Management Agency (FEMA) Program that provides communities with flood information and tools they can use to enhance their mitigation plans and take action to better protect their citizens.

What is the purpose of Kri?

A key risk indicator (KRI) is a measure used in management to indicate how risky an activity is. Key risk indicators are metrics used by organizations to provide an early signal of increasing risk exposures in various areas of the enterprise.

What is the remaining risk called?

The residual risk is the amount of risk or danger associated with an action or event remaining after natural or inherent risks have been reduced by risk controls.

What are the six ordered steps to the risk management framework?

The 6 Risk Management Framework (RMF) StepsStep 1: Categorize Information System. … Step 2: Select Security Controls. … Step 3: Implement Security Controls. … Step 4: Assess Security Controls. … Step 5: Authorize Information System. … Step 6: Monitor Security Controls.

What is the exposure factor EF for this risk?

Exposure factor (EF) is the subjective, potential percentage of loss to a specific asset if a specific threat is realized. The exposure factor is a subjective value that the person assessing risk must define. The exposure factor is represented in the impact of the risk over the asset, or percentage of asset lost.