Transference
is the control approach that attempts to shift the risk to other assets, other processes, or other organizations.
Is the risk control approach that attempts to reduce the impact caused by the?
It is the control approach that attempts to reduce the impact caused by
the exploitation of vulnerability through planning & preparation
. ü Mitigation begins with the early detection that an attack is in progress and the ability of the organization to respond quickly, efficiently and effectively.
Which risk control strategy focuses on planning and preparation to reduce the damage caused by a realized incident or disaster?
T/F: The risk control strategy that attempts to reduce the impact of the loss caused by a realized incident, disaster, or attack through effective contingency planning and preparation is known as
the mitigation risk control strategy
.
What ensures that only with rights and privileges to access information are able to do so?
Confidentiality
ensures that only those with the rights and privileges to access information are able to do so.
What is risk management Why is the identification of risks and vulnerabilities to assets so important in risk management quizlet?
Why is identification of risks, through a listing of assets and their vulnerabilities, so important to the risk management process? Answer: It is important
because management needs to know the value of each company asset and what losses will be incurred if an asset is compromised
.
Is the control approach that attempts to reduce the impact caused by the exploitation of vulnerability through planning and preparation?
3.
Mitigate
– The mitigate control strategy attempts to reduce the impact caused by the exploitation of vulnerability through planning and preparation. 4. Accept – The accept control strategy is the choice to do nothing to protect a vulnerability and to accept the outcome of its exploitation.
What are the 5 different risk control?
Risk control methods include
avoidance, loss prevention, loss reduction, separation, duplication, and diversification
.
Is the risk control strategy that attempts to prevent the exploitation of the vulnerability?
Avoidance
is the risk control strategy that attempts to prevent the exploitation of the vulnerability. Avoidance is accomplished through: Application of policy. Application of training and education.
What is a risk and mitigation plan?
A risk mitigation plan is
designed to eliminate or minimize the impact of the risk events
—occurrences that have a negative impact on the project. Identifying risk is both a creative and a disciplined process.
What are the four common risk mitigation strategies?
The four types of risk mitigating strategies include
risk avoidance, acceptance, transference and limitation
.
What the reason behind using the system level privileges for protected system?
Benefits of using principle of least privilege
Prevents the spread of malware
. By imposing POLP restrictions on computer systems, malware attacks cannot use higher-privilege or administrator accounts to install malware or damage the system. Decreases chances of a cyber attack.
When assigning permissions to accounts you should give the access that the user needs and nothing more this defines which security principle?
The “Principle of Least Privilege” (POLP)
states a given user account should have the exact access rights necessary to execute their role’s responsibilities—no more, no less. POLP is a fundamental concept within identity and access management (IAM).
What does the principle of least privilege mean as applied to security?
The principle of least privilege (PoLP) refers to
an information security concept in which a user is given the minimum levels of access – or permissions – needed to perform his/her job functions
. … Least privilege enforcement ensures the non-human tool has the requisite access needed – and nothing more.
What is risk and risk management?
Risk management is
the process of identifying, assessing and controlling threats to an organization’s capital and earnings
. These risks stem from a variety of sources including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents and natural disasters.
What five strategies for controlling risk are described in this chapter?
What are the five risk control strategies presented in this chapter? Answer: The five risk control strategies presented in this text are
defense, transference, mitigation, acceptance, and termination
.
What is risk identification?
Share. Definition: Risk identification is
the process of determining risks that could potentially prevent the program, enterprise
, or investment from achieving its objectives. It includes documenting and communicating the concern.
What are different risk control strategies?
Apply safeguards
(avoidance) Transfer the risk (transference) Reduce the impact (mitigation) Inform themselves of all of the consequences and accept the risk without control or mitigation (acceptance)
What is the basic approach in managing risk?
The basic methods for risk management—
avoidance, retention, sharing, transferring, and loss prevention and reduction
—can apply to all facets of an individual’s life and can pay off in the long run. Here’s a look at these five methods and how they can apply to the management of health risks.
What are the three common approaches to implement the defense risk control strategy?
- Through policy, where it is mandated by an organization’s leadership;
- Through training, where awareness and education of employees are key;
- And, through technology, which involves using technical and physical controls to manage risk.
What is Risk Control Strategies in information security?
Risk Control Strategies are
the defensive measures utilized by IT and InfoSec communities to limit vulnerabilities and manage risks to an acceptable level
. … (2015) state that “risk management involves determining how much risk is acceptable for any process or operation, such as replacing equipment”.
What is a control risk?
Control risk, which is
the risk that a misstatement due to error or fraud that could occur in an assertion
and that could be material, individually or in combination with other misstatements, will not be prevented or detected on a timely basis by the company’s internal control.
What is a control risk example?
The common internal control risks in business include
lack of sound internal control environment
, poorly designed business processes, IT security risk, integrity and ethic risk, human errors and fraud risk, among others.
Which risk treatment strategy approach can also be referred to as an avoidance strategy?
The risk treatment strategy that attempts to eliminate or reduce any remaining uncontrolled risk through the application of additional controls and safeguards is the
protect risk treatment strategy
, also known as the avoidance strategy.
What is the octave method approach to risk management?
The Operationally Critical Threat, Asset, and Vulnerability EvaluationSM (OCTAVE®) approach defines
a risk-based strategic assessment and planning technique for security
. OCTAVE is a self-directed approach, meaning that people from an organization assume responsibility for setting the organization’s security strategy.
What functions are included in risk response control?
What functions are included in risk response control?
Executing the response strategies, watching for new risks, initiating contingency plans, and monitoring “triggering” events
.
How can management mitigate control risks?
- Avoidance. If a risk presents an unwanted negative consequence, you may be able to completely avoid those consequences. …
- Acceptance. …
- Reduction or control. …
- Transference. …
- Summary of Risk Mitigation Strategies.
Which type of control is put in place to mitigate risk?
Risk control
refers to assuming a risk but taking steps to reduce, mitigate, or otherwise manage its impact or likelihood. Risk control can take the form of installing data-gathering or early warning systems that provide information to assess more accurately the impact, likelihood, or timing of a risk.
What type of control is least privilege?
Least privilege is the concept
and practice of restricting access rights for users, accounts, and computing processes to only those resources absolutely required to perform routine, legitimate activities
. Privilege itself refers to the authorization to bypass certain security restraints.
What is the difference between least privilege and need to know?
Need to know means the user has a legitimate reason to access something. Least privilege can then
be implemented to limit that access and limit what the user can do with that something
.
How do you mitigate risk?
- Assume/Accept: Acknowledge the existence of a particular risk, and make a deliberate decision to accept it without engaging in special efforts to control it. …
- Avoid: Adjust program requirements or constraints to eliminate or reduce the risk.
What are the 3 types of mitigation?
Types of Mitigation under CWA Section 404:
Avoidance, Minimization and Compensatory Mitigation
.
What violates the principle of least privilege?
Least privilege has also been interpreted in the context of distribution of discretionary access control (DAC) permissions, for example asserting that giving user U read/write access to file F violates least privilege
if U can complete his authorized tasks with only read permission
.
What is the principle of least privilege and how do access controls help to ensure data integrity?
The principle of least privilege works
by allowing only enough access to perform the required job
. In an IT environment, adhering to the principle of least privilege reduces the risk of attackers gaining access to critical systems or sensitive data by compromising a low-level user account, device, or application.
Which privilege level provides highest protection?
The highest privilege level is
number zero
. This level is commonly known as Kernel Mode for Linux and Ring 0 for Windows-based operating systems. A CPL of three is used for user space programs in both Linux and Windows.
What is the difference between permission and privileges?
A permission is a property of an object, such as a file. It says which agents are permitted to use the object, and what they are permitted to do (read it, modify it, etc.). A privilege is a property of an agent, such as a user. It lets the agent do things that are
not ordinarily allowed
.
Which security principle uses an access control system that grants users only those rights necessary to perform their job role?
The “least privilege” principle
involves the restriction of individual user access rights within a company to only those which are necessary in order for them to do their job.
Which of the following is an example of rule based access control?
Which of the following is an example of rule-based access control? Router access control lists that allow or deny traffic based on the characteristics of an IP packet.
A router access control list that allows or denies traffic based on the characteristics of an
IP packet is an example of rule-based access control.
What are the types of user account?
This tutorial explains the types of user accounts used in computer networks such as
system account, regular user account, guest user account, super user account, group account, local user account, remote user account, network user account and anonymous user account
.
What is risk types of risk?
Types of Risk
Broadly speaking, there are two main categories of risk:
systematic and unsystematic
. … Systematic Risk – The overall impact of the market. Unsystematic Risk – Asset-specific or company-specific uncertainty. Political/Regulatory Risk – The impact of political decisions and changes in regulation.
What factors of risk are addressed by managing risk?
These factors are (1).
Commitment and support from top management, (2) Communication, (3) Culture
, (4) Information technology (IT), (5) Organization structure, (6) Training and (7) Trust. Because risk management is an important part of the financial industry, effectiveness is vital to increase project success.
