The Ultimate Information Security Risk Management Quiz

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Informationsecur
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Quizzes Created: 2 | Total Attempts: 10,195
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  • 1/12 Questions

    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
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About This 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 of 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!

The Ultimate Information Security Risk Management Quiz - Quiz

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  • 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

    Correct Answer
    A. Internal Threat
    Explanation
    Feedback: Information security threats can be internal, external or environmental.

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  • 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

    Correct Answer
    A. True
    Explanation
    Security controls should be appropriate and practical given the level of risk.

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  • 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

    Correct Answer
    A. $150,000
    Explanation
    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

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  • 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

    Correct Answer
    A. Environmental or Physical Threat
    Explanation
    Feedback: Information security threats can be internal, external or environmental.

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  • 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

    Correct Answer
    A. Vulnerability
    Explanation
    The degree of information security risk is a combination of threats, vulnerabilities and impact.

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  • 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

    Correct Answer
    A. External Threat
    Explanation
    Feedback: Information security threats can be internal, external or environmental.

    Rate this question:

  • 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?

    • No

    • Yes

    Correct Answer
    A. Yes
    Explanation
    The cost of the new security controls is less than the estimated risk, so these controls are appropriate.

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  • 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

    Correct Answer
    A. Threat
    Explanation
    The degree of information security risk is a combination of threats, vulnerabilities and impact.

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  • 10. 

    Who is ultimately responsible for managing information security risks?

    • Chief Executive Officer

    • End User

    • Information Owner

    Correct Answer
    A. Chief Executive Officer
    Explanation
    The CEO is responsible for ensuring that an effective risk management process is in place.

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  • 11. 

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

    • Data Custodian

    • End User

    • Data Owner

    Correct Answer
    A. Data Owner
    Explanation
    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.

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  • 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

    Correct Answer
    A. Due Diligence
    Explanation
    Management can be held legally liable for failing to maintain an appropriate information security risk management program.

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Quiz Review Timeline (Updated): Mar 22, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 22, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 16, 2010
    Quiz Created by
    Informationsecur
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