The Ultimate Information Security Risk Management Quiz

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1. To estimate the level of risk from a particular type of security breach, three factors are considered: threats, vulnerabilities, and impact. The estimated COST incurred as a result of a particular type of security breach. would be a(n)

Threat

Vulnerability

Impact

The degree of information security risk is a combination of threats, vulnerabilities and impact.

Explanation

The degree of information security risk is a combination of threats, vulnerabilities and impact.

About This Quiz

The Ultimate Information Security Risk Management Quiz - Quiz

Take this ultimate information security risk management quiz to brush up on your skills today! Information is power in today's day and age, and we must keep abreast... see moreof all the ways we can possibly keep ourselves safe in order to minimize the risks we need to take each day. Analyzing risk is a crucial step in this process, as without a good sense of what severity of risk any isolated incident carries is essential to staying safe. Take this quiz to learn more about it! Good luck! see less

2. There are three types of information security threats: external threats, environmental or physical threats, and internal threats. Intentional destruction of important data by a disgruntled employee is an

External Threat

Environmental or Physical Threat

Internal Threat

Feedback: Information security threats can be internal, external or environmental.

Explanation

Feedback: Information security threats can be internal, external or environmental.

3. Security controls may involve monetary costs, and may place other burdens on the organization – for example, requiring employees to wear ID badges.

True

False

Security controls should be appropriate and practical given the level of risk.

Explanation

Security controls should be appropriate and practical given the level of risk.

4. Given the following: a.) The impact of a single laptop being lost or stolen is estimated at $50,000. b.) Because of inadequate security controls, it is estimated that three laptops will be lost or stolen per year. What is the annual loss expectancy from lost or stolen laptops?

$200,000

$150,000

$50,000

The calculation is formally stated as:
Single Loss Expectancy (from a particular type of security incident)
x Annual Rate of Occurrence (if no further security controls are implemented)
= Annual Loss Expectancy

Explanation

5. There are three types of information security threats: external threats, environmental or physical threats, and internal threats. Destruction of computer systems by flooding is an

External Threat

Environmental or Physical Threat

Internal Threat

Feedback: Information security threats can be internal, external or environmental.

Explanation

Feedback: Information security threats can be internal, external or environmental.

6. To estimate the level of risk from a particular type of security breach, three factors are considered: threats, vulnerabilities, and impact. A weakness or flaw in security that could ALLOW a security breach to occur would be a(n)

Threat

Vulnerability

Impact

The degree of information security risk is a combination of threats, vulnerabilities and impact.

Explanation

The degree of information security risk is a combination of threats, vulnerabilities and impact.

7. There are three types of information security threats: external threats, environmental or physical threats, and internal threats. Theft of confidential information by a criminal hacker is an

External Threat

Environmental or Physical Threat

Internal Threat

Feedback: Information security threats can be internal, external or environmental.

Explanation

Feedback: Information security threats can be internal, external or environmental.

8. Assuming the following: · Your organization estimates that lost or stolen laptops will result in $100,000 in costs over the next year. · To prevent these losses, new laptop security measures are proposed, at a cost of $20,000. Is the cost of these new security controls appropriate to the level of risk?

Yes

The cost of the new security controls is less than the estimated risk, so these controls are appropriate.

Explanation

The cost of the new security controls is less than the estimated risk, so these controls are appropriate.

9. To estimate the level of risk from a particular type of security breach, three factors are considered: threats, vulnerabilities, and impact. An agent with the potential to CAUSE a security breach. This could be either a person or an environmental condition such as fire would be a(n)

Threat

Vulnerability

Impact

The degree of information security risk is a combination of threats, vulnerabilities and impact.

Explanation

The degree of information security risk is a combination of threats, vulnerabilities and impact.

10. Who is ultimately responsible for managing information security risks?

Chief Executive Officer

End User

Information Owner

The CEO is responsible for ensuring that an effective risk management process is in place.

Explanation

The CEO is responsible for ensuring that an effective risk management process is in place.

11. The manager of a department responsible for a particular set of information assets is called the:

Data Custodian

End User

Data Owner

The data/information owner is responsible for identifying information assets within his or her operational area, assigning security classifications to them, and working with the information security manager to ensure that appropriate security controls are in place.

Explanation

12. Management has a responsibility to protect valuable information assets under their care. This relates to which "core value" of information security risk management?

Appropriate and Practical Security

Due Diligence

Trust and Confidence

Management can be held legally liable for failing to maintain an appropriate information security risk management program.

Explanation

Management can be held legally liable for failing to maintain an appropriate information security risk management program.

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Current Version
Mar 22, 2023

Quiz Edited by
ProProfs Editorial Team
Mar 16, 2010

Quiz Created by
Informationsecur