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Cybersecurity Risk Management: Risk Management Framework and Standards

Description: This quiz is designed to assess your knowledge of Cybersecurity Risk Management, specifically focusing on Risk Management Frameworks and Standards.
Number of Questions: 15
Created by:
Tags: cybersecurity risk management frameworks standards
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Which framework provides a comprehensive approach to cybersecurity risk management, including identification, assessment, and response?

  1. NIST Cybersecurity Framework

  2. ISO 27001/27002

  3. COBIT 5

  4. PCI DSS

Show answer
Correct Option: A
Explanation:

The NIST Cybersecurity Framework is a comprehensive set of guidelines and best practices for managing cybersecurity risks.

Which standard defines the requirements for an information security management system (ISMS)?

  1. NIST Cybersecurity Framework

  2. ISO 27001/27002

  3. COBIT 5

  4. PCI DSS

Show answer
Correct Option: B
Explanation:

ISO 27001/27002 is a set of standards that provide requirements for an ISMS.

Which framework is designed to help organizations align their IT governance with business objectives?

  1. NIST Cybersecurity Framework

  2. ISO 27001/27002

  3. COBIT 5

  4. PCI DSS

Show answer
Correct Option: C
Explanation:

COBIT 5 is a framework that helps organizations align their IT governance with business objectives.

Which standard defines the requirements for protecting payment card data?

  1. NIST Cybersecurity Framework

  2. ISO 27001/27002

  3. COBIT 5

  4. PCI DSS

Show answer
Correct Option: D
Explanation:

PCI DSS is a standard that defines the requirements for protecting payment card data.

What is the primary goal of cybersecurity risk management?

  1. To eliminate all cybersecurity risks

  2. To reduce cybersecurity risks to an acceptable level

  3. To transfer cybersecurity risks to third parties

  4. To ignore cybersecurity risks

Show answer
Correct Option: B
Explanation:

The primary goal of cybersecurity risk management is to reduce cybersecurity risks to an acceptable level, not to eliminate them entirely.

Which of the following is not a key component of the NIST Cybersecurity Framework?

  1. Identify

  2. Protect

  3. Detect

  4. Respond

  5. Recover

Show answer
Correct Option: E
Explanation:

Recover is not a key component of the NIST Cybersecurity Framework.

What is the purpose of a risk assessment in cybersecurity risk management?

  1. To identify cybersecurity risks

  2. To assess the likelihood and impact of cybersecurity risks

  3. To prioritize cybersecurity risks

  4. To develop cybersecurity risk mitigation strategies

  5. All of the above

Show answer
Correct Option: E
Explanation:

A risk assessment in cybersecurity risk management serves all of the above purposes.

Which of the following is not a common cybersecurity risk mitigation strategy?

  1. Implementing security controls

  2. Educating employees about cybersecurity risks

  3. Purchasing cybersecurity insurance

  4. Ignoring cybersecurity risks

Show answer
Correct Option: D
Explanation:

Ignoring cybersecurity risks is not a common cybersecurity risk mitigation strategy.

What is the role of a Chief Information Security Officer (CISO) in cybersecurity risk management?

  1. To oversee the organization's cybersecurity program

  2. To develop and implement cybersecurity policies and procedures

  3. To manage the organization's cybersecurity budget

  4. To train employees on cybersecurity awareness

  5. All of the above

Show answer
Correct Option: E
Explanation:

The CISO is responsible for all aspects of the organization's cybersecurity program.

Which of the following is not a benefit of implementing a cybersecurity risk management framework?

  1. Improved cybersecurity posture

  2. Reduced cybersecurity risks

  3. Increased compliance with regulations

  4. Increased cybersecurity costs

  5. Improved customer confidence

Show answer
Correct Option: D
Explanation:

Implementing a cybersecurity risk management framework can lead to increased cybersecurity costs, but it also provides many benefits.

What is the purpose of a cybersecurity risk management policy?

  1. To define the organization's cybersecurity risk management objectives

  2. To establish the organization's cybersecurity risk appetite

  3. To assign roles and responsibilities for cybersecurity risk management

  4. To provide guidance on how to manage cybersecurity risks

  5. All of the above

Show answer
Correct Option: E
Explanation:

A cybersecurity risk management policy serves all of the above purposes.

Which of the following is not a common cybersecurity risk management standard?

  1. NIST SP 800-53

  2. ISO 27001/27002

  3. COBIT 5

  4. PCI DSS

  5. HIPAA

Show answer
Correct Option: E
Explanation:

HIPAA is a healthcare-specific regulation, not a cybersecurity risk management standard.

What is the difference between a cybersecurity risk assessment and a cybersecurity audit?

  1. A risk assessment is more comprehensive than an audit.

  2. An audit is more comprehensive than a risk assessment.

  3. A risk assessment focuses on identifying and assessing risks, while an audit focuses on verifying compliance with regulations.

  4. A risk assessment is more subjective than an audit.

  5. A risk assessment is less subjective than an audit.

Show answer
Correct Option: C
Explanation:

A risk assessment focuses on identifying and assessing risks, while an audit focuses on verifying compliance with regulations.

Which of the following is not a common cybersecurity risk management tool?

  1. Risk assessment tools

  2. Vulnerability assessment tools

  3. Security information and event management (SIEM) tools

  4. Patch management tools

  5. Social engineering tools

Show answer
Correct Option: E
Explanation:

Social engineering tools are not typically used in cybersecurity risk management.

What is the importance of continuous monitoring in cybersecurity risk management?

  1. To detect and respond to cybersecurity threats in a timely manner

  2. To ensure that cybersecurity controls are effective

  3. To identify changes in the organization's cybersecurity risk profile

  4. To comply with regulations

  5. All of the above

Show answer
Correct Option: E
Explanation:

Continuous monitoring is important for all of the above reasons.

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