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CISM Domain 2: Information Security Risk Management Practice Questions and Answers (100% Pass)
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CISM Domain 2: Information Security Risk Management Practice Questions and Answers (100% Pass) What is the formula to calculate Risk? - Answer️️ -Risk = Threat * Vulnerability - This is a qualitative analysis of risk to our assets - You need to identify your assets before calculating the ri...

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  • August 16, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cism domain 2 information security risk managemen

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  • CISM
  • CISM

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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



CISM Domain 2: Information Security Risk Management
Practice Questions and Answers (100% Pass)


What is the formula to calculate Risk? - Answer✔️✔️-Risk = Threat * Vulnerability


- This is a qualitative analysis of risk to our assets

- You need to identify your assets before calculating the risk of operating them


What is the Risk Management lifecycle? - Answer✔️✔️-- IT Risk Identification


- IT Risk Assessment

- Risk Response and Mitigation

- Risk and Control Monitoring and Reporting


What is the formula to calculate how bad the risk will be? - Answer✔️✔️-Risk =

Threat * Vulnerability * Impact


What is the formula to calculate Total Risk? - Answer✔️✔️-Total Risk = Threat *

Vulnerability * Asset Value


What is the formula to calculate Residual Risk? - Answer✔️✔️-Residual Risk =

Total Risk - Countermeasures




1

,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


What is Qualitative Risk Analysis? - Answer✔️✔️-How likely is a risk to happen

and how bad is the impact if it does happen?

- This is feeling based analysis


What is Quantitative Risk Analysis? - Answer✔️✔️-What will a risk cost us if it's to

happen?

- This is fact based analysis


What is a Risk Analysis Matrix? - Answer✔️✔️-A visual representation of risk

organized by likelihood (rare to certain) and consequences (insignificant to

catastrophic).


What is a Risk Register? - Answer✔️✔️-A spreadsheet used to categorize and group

risk in columns by name, risk #, probability, impact, mitigation, contingency, and

residual risk score.


What is Asset Value (AV)? - Answer✔️✔️-How much an asset is worth.


What is Exposure Factor (EF)? - Answer✔️✔️-The percentage of the asset loss.


What is Single Loss Expectancy (SLE)? - Answer✔️✔️-How much would it cost if it

happened once.




2

, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


What is the formula to calculate Single Loss Expectancy (SLE)? - Answer✔️✔️-SLE

= AV * EF


What is Annual Rate of Occurrence (ARO)? - Answer✔️✔️-How often something

will happen each year.


What is Annual Loss Expectancy (ALE)? - Answer✔️✔️-What it costs per year if we

do nothing.


What is Total Cost of Ownership (TCO)? - Answer✔️✔️-The cost of owning and

operating something.


What is the formula for Total Cost of Ownership (TCO)? - Answer✔️✔️-Upfront

cost + mitigation cost + operational cost


What is Secondary Risk? - Answer✔️✔️-What you get when you mitigate one risk

and unintentionally open up another risk.


What are the steps to NIST 800-30? - Answer✔️✔️-The 9-step process for Risk

Management.




1. System Characterization (risk scope, system/data sensitivity)

2. Threat Identification (threats to system)



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