Back to Business continuity and disaster recovery planning

Risk Assessment and Management

5 minutes 5 Questions

Risk assessment and management is the process of identifying, analyzing, and mitigating potential threats to an organization's critical assets, processes, and systems. In the context of business continuity and disaster recovery planning, this involves assessing the potential likelihood and impact o…

Test mode:
Start practice test
CISSP - Risk Assessment and Management Example Questions

Test your knowledge of Risk Assessment and Management

Question 1

A healthcare organization has hired an external company to manage the security of their patient data. What risk response strategy is this an example of?

Correct Answer: Transference

Risk transference involves outsourcing the management of a risk to a third party. In this situation, the healthcare organization is transferring the risk of managing patient data security to an external company.

Question 2

A company is planning to store sensitive customer data on a database server. The database administrator suggests encrypting the data to prevent unauthorized access. What type of risk response strategy is being suggested?

Correct Answer: Mitigation

Risk mitigation aims to reduce the impact or likelihood of a risk. In this scenario, encrypting the data reduces the risk of unauthorized access to sensitive data.

Question 3

A manufacturing company decides not to pursue a new business venture due to the high potential for theft and damage to their production facilities. What risk response strategy is being employed?

Correct Answer: Avoidance

The risk response strategy being employed in this scenario is Avoidance. Avoidance is a strategy where the organization chooses to eliminate the risk entirely by deciding against engaging in the activity that could lead to the risk. In this case, the manufacturing company is avoiding the risk by choosing not to pursue the new business venture due to the high potential for theft and damage to their production facilities. By making this decision, they are effectively avoiding exposure to the identified risks associated with the venture. This strategy is typically used when the potential negative consequences of a risk are deemed too severe or the probability of occurrence is too high to justify any other form of risk management.

More Risk Assessment and Management questions
12 questions (total)
Start 12 question test