Chapter 3: Information Risk Assessment
Practice Question Set 1
Q. 1
Answer: A. The magnitude of impact
Explanation: To determine the risk level, two things are required, i.e., the probability (likelihood) of the event and the impact of the event. Risk is the product of probability and impact. Once the likelihood has been determined, the next step is to assess the magnitude of the impact. Once the level of risk is determined, it can be compared against risk appetite and risk tolerance.
Q. 2
Answer: B. Likelihood and consequences
Explanation: To determine the level of risk, two things are necessary: the probability of an event happening and the impact if it does take place. Risk is the product of probability (likelihood) and impact (consequence).
Q. 3
Answer: C. Reduction in the likelihood of being exploited
Explanation: Reducing the exposure refers to keeping the information assets away from public reach. For example, consider a sensitive database that...