Chapter 4: Information Risk Response
Practice Question Set 1
Q.1
Answer: C. Risk transfer
Explanation: Taking out insurance is an example of risk transfer. In risk transfer, the risk is shared with partners or is transferred via insurance coverage, contractual agreement, or other means. For instance, natural disasters have a very low probability but a high impact. The response to such a risk should be risk transfer.
Q. 2
Answer: B. The business manager
Explanation: The business manager will be in the best position to decide on any particular control on the basis of risk assessment as they are thoroughly aware of the risks relevant to their processes. The senior manager should provide the appropriate funding for the control. The audit and security managers support the business manager in reviewing and monitoring the effectiveness of the control.
Q. 3
Answer: A. Set up monitoring techniques to detect and react to fraud
Explanation: The best course of action...