Isaca CISM Dumps Questions Answers

= Requiring steering committee approval of risk treatment plans is the best way to help ensure an organization’s risk appetite will be considered as part of the risk treatment process because the steering committee is composed of senior management and key stakeholders who are responsible for defining and communicating the risk appetite and ensuring that it is aligned with the business objectives and strategy. The steering committee can review and approve the risk treatment plans proposed by the information security manager and ensure that they are consistent with the risk appetite and the risk tolerance levels. The steering committee can also monitor and evaluate the effectiveness of the risk treatment plans and provide feedback and guidance to the information security manager. Establishing key risk indicators (KRIs), using quantitative risk assessment methods, and providing regular reporting on risk treatment to senior management are not the best ways to help ensure an organization’s risk appetite will be considered as part of the risk treatment process, although they may be useful tools and techniques to support the risk management process. KRIs are metrics that measure the level of risk exposure and the performance of risk controls. Quantitative risk assessment methods are techniques that use numerical values and probabilities to estimate the likelihood and impact of risk events. Regular reporting on risk treatment to senior management is a way to communicate the status and results of the risk treatment process and to obtain feedback and support from senior management. However, none of these methods can ensure that the risk treatment plans are approved and aligned with the risk appetite, which is the role of the steering committee. References = CISM Review Manual 2023, Chapter 2, Section 2.4.3, page 76; CISM Review Questions, Answers & Explanations Database - 12 Month Subscription, Question ID: 121.

Asset classification is the process of assigning a value to information assets based on their importance to the organization and the potential impact of their compromise, loss or damage1. Asset classification helps to determine the level of protection required for assets, which is proportional to their value and sensitivity2. Asset classification also facilitates risk assessment and management, as well as compliance with legal, regulatory and contractual requirements3. Asset classification does not primarily determine the insurance coverage, priority for replacement, or replacement cost of assets, as these factors depend on other criteria such as risk appetite, business impact, availability and market value4. References = 1: CISM - Information Asset Classification Flashcards | Quizlet 2: CISM Exam Content Outline | CISM Certification | ISACA 3: CIS Control 1: Inventory and Control of Enterprise Assets 4: CISSP versus the CISM Certification | ISC2

The best course of action for an information security manager when a threat intelligence report indicates a large number of ransomware attacks targeting the industry is to assess the risk to the organization. This means evaluating the likelihood and impact of a potential ransomware attack on the organization’s assets, operations, and reputation, based on the current threat landscape, the organization’s security posture, and the effectiveness of the existing security controls. A risk assessment can help the information security manager prioritize the most critical assets and processes, identify the gaps and weaknesses in the security architecture, and determine the appropriate risk response strategies, such as avoidance, mitigation, transfer, or acceptance. A risk assessment can also provide a business case for requesting additional resources or support from senior management to improve the organization’s security resilience and readiness. The other options are not the best course of action because they are either too reactive or too narrow in scope. Increasing the frequency of system backups (A) is a good practice to ensure data availability and recovery in case of a ransomware attack, but it does not address the prevention or detection of the attack, nor does it consider the potential data breach or extortion that may accompany the attack. Reviewing the mitigating security controls (B) is a part of the risk assessment process, but it is not sufficient by itself. The information security manager should also consider the threat sources, the vulnerabilities, the impact, and the risk appetite of the organization. Notifying staff members of the threat © is a useful awareness and education measure, but it should be done after the risk assessment and in conjunction with other security policies and procedures. Staff members should be informed of the potential risks, the indicators of compromise, the reporting mechanisms, and the best practices to avoid or respond to a ransomware attack. References = CISM Review Manual 2022, pages 77-78, 81-82, 316; CISM Item Development Guide 2022, page 9; #StopRansomware Guide | CISA; [The Human Consequences of Ransomware Attacks - ISACA]; [Ransomware Response, Safeguards and Countermeasures - ISACA]