TRY FREE DEMO OF PREP4KING PECB ISO-IEC-27005-RISK-MANAGER EXAM QUESTIONS BEFORE PURCHASE

Try Free Demo Of Prep4King PECB ISO-IEC-27005-Risk-Manager Exam Questions Before Purchase

Try Free Demo Of Prep4King PECB ISO-IEC-27005-Risk-Manager Exam Questions Before Purchase

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PECB ISO-IEC-27005-Risk-Manager Exam Syllabus Topics:

TopicDetails
Topic 1
  • Other Information Security Risk Assessment Methods: Beyond ISO
  • IEC 27005, this domain reviews alternative methods for assessing and managing risks, allowing organizations to select tools and frameworks that align best with their specific requirements and risk profile.
Topic 2
  • Fundamental Principles and Concepts of Information Security Risk Management: This domain covers the essential ideas and core elements behind managing risks in information security, with a focus on identifying and mitigating potential threats to protect valuable data and IT resources.
Topic 3
  • Implementation of an Information Security Risk Management Program: This domain discusses the steps for setting up and operationalizing a risk management program, including procedures to recognize, evaluate, and reduce security risks within an organization’s framework.
Topic 4
  • Information Security Risk Management Framework and Processes Based on ISO
  • IEC 27005: Centered around ISO
  • IEC 27005, this domain provides structured guidelines for managing information security risks, promoting a systematic and standardized approach aligned with international practices.

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PECB Certified ISO/IEC 27005 Risk Manager Sample Questions (Q35-Q40):

NEW QUESTION # 35
Scenario 7: Adstry is a business growth agency that specializes in digital marketing strategies. Adstry helps organizations redefine the relationships with their customers through innovative solutions. Adstry is headquartered in San Francisco and recently opened two new offices in New York. The structure of the company is organized into teams which are led by project managers. The project manager has the full power in any decision related to projects. The team members, on the other hand, report the project's progress to project managers.
Considering that data breaches and ad fraud are common threats in the current business environment, managing risks is essential for Adstry. When planning new projects, each project manager is responsible for ensuring that risks related to a particular project have been identified, assessed, and mitigated. This means that project managers have also the role of the risk manager in Adstry. Taking into account that Adstry heavily relies on technology to complete their projects, their risk assessment certainly involves identification of risks associated with the use of information technology. At the earliest stages of each project, the project manager communicates the risk assessment results to its team members.
Adstry uses a risk management software which helps the project team to detect new potential risks during each phase of the project. This way, team members are informed in a timely manner for the new potential risks and are able to respond to them accordingly. The project managers are responsible for ensuring that the information provided to the team members is communicated using an appropriate language so it can be understood by all of them.
In addition, the project manager may include external interested parties affected by the project in the risk communication. If the project manager decides to include interested parties, the risk communication is thoroughly prepared. The project manager firstly identifies the interested parties that should be informed and takes into account their concerns and possible conflicts that may arise due to risk communication. The risks are communicated to the identified interested parties while taking into consideration the confidentiality of Adstry's information and determining the level of detail that should be included in the risk communication. The project managers use the same risk management software for risk communication with external interested parties since it provides a consistent view of risks. For each project, the project manager arranges regular meetings with relevant interested parties of the project, they discuss the detected risks, their prioritization, and determine appropriate treatment solutions. The information taken from the risk management software and the results of these meetings are documented and are used for decision-making processes. In addition, the company uses a computerized documented information management system for the acquisition, classification, storage, and archiving of its documents.
Based on scenario 7, which principle of efficient communication strategy Adstry's project managers follow when communicating risks to team members?

  • A. Clarity
  • B. Responsiveness
  • C. Credibility

Answer: A

Explanation:
Adstry's project managers focus on ensuring that the information provided to team members is communicated using an appropriate language that can be understood by all. This approach reflects the principle of clarity, which is a key element of an effective communication strategy. Clear communication helps to ensure that all parties understand the risks, their implications, and the necessary actions to mitigate them. Option B (Credibility) relates to trustworthiness, which is not the primary focus here, and Option C (Responsiveness) involves timely reactions, which is also not the main point of emphasis in this context.


NEW QUESTION # 36
Which statement regarding risks and opportunities is correct?

  • A. Risks always have a positive outcome whereas opportunities have an unpredicted outcome
  • B. There is no difference between opportunities and risks; these terms can be used interchangeably
  • C. Opportunities might have a positive impact, whereas risks might have a negative impact

Answer: C

Explanation:
ISO standards, including ISO/IEC 27005, make a distinction between risks and opportunities. Risks are defined as the effect of uncertainty on objectives, which can result in negative consequences (such as financial loss, reputational damage, or operational disruption). Opportunities, on the other hand, are situations or conditions that have the potential to provide a positive impact on achieving objectives. Therefore, option B is correct, as it accurately reflects that risks are generally associated with negative impacts, while opportunities can lead to positive outcomes. Option A is incorrect because risks can have negative outcomes, not positive ones. Option C is incorrect because risks and opportunities have different meanings and implications and are not interchangeable.


NEW QUESTION # 37
Based on the EBIOS RM method, which of the following is one of the four attack sequence phases?

  • A. Attacking
  • B. Treating
  • C. Exploiting

Answer: C

Explanation:
Based on the EBIOS Risk Manager (EBIOS RM) methodology, the attack sequence phases include various steps that an attacker might take to compromise an organization's assets. The four phases generally cover reconnaissance, exploiting vulnerabilities, achieving objectives, and maintaining persistence. "Exploiting" is specifically the phase where the attacker takes advantage of identified vulnerabilities in the system, which directly aligns with option A.


NEW QUESTION # 38
According to ISO/IEC 27005, what is the output of the documentation of risk management processes?

  • A. Knowledge on the information security risk assessment and treatment processes in accordance with clauses 7 and 8 of the standard
  • B. Documented information that is necessary for the effectiveness of the information security risk assessment or risk treatment processes
  • C. Documented information about the information security risk assessment and treatment results

Answer: C

Explanation:
According to ISO/IEC 27005, the output of the documentation of risk management processes should include detailed information about the results of the risk assessment and the chosen risk treatment options. This ensures transparency and provides a clear record of the decision-making process related to information security risk management. Therefore, option B is the correct answer.


NEW QUESTION # 39
Based on NIST Risk Management Framework, what is the last step of a risk management process?

  • A. Accessing security controls
  • B. Monitoring security controls
  • C. Communicating findings and recommendations

Answer: B

Explanation:
Based on the NIST Risk Management Framework (RMF), the last step of the risk management process is "Monitoring Security Controls." This step involves continuously tracking the effectiveness of the implemented security controls, ensuring they remain effective against identified risks, and adapting them to any changes in the threat landscape. Option A correctly identifies the final step.


NEW QUESTION # 40
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