Risk Monitoring and Review

5 minutes 5 Questions

Risk Monitoring and Review is the process of continuously monitoring and evaluating the effectiveness of an organization's risk management strategies and implementing necessary changes to adapt to new threats, vulnerabilities, or circumstances. This process ensures that risk management remains a dynamic and proactive component of an organization's overall security posture. Risk Monitoring and Review includes the regular assessment of risk factors, changes in the organization's assets, infrastructure, or operational environment, and the ongoing review and improvement of risk response strategies, policies, and procedures. It also involves reporting to stakeholders and meeting compliance requirements, both of which contribute to strong governance and accountability.

Guide to Risk Monitoring and Review for CompTIA Security+ Exam

What is Risk Monitoring and Review?
Risk Monitoring and Review is a part of Risk Management process in information security. It is the continuous process of identifying, analyzing, and responding to risk factors, followed by regular reevaluating and controlling of the risks.

Why is it important?
Risk Monitoring and Review is crucial for maintaining an organization's overall security posture. It helps in early risk identification and mitigation, ensures compliance with security policies, and promotes continuous improvement.

How does it work?
This involves consistent monitoring and review of the risk environment to detect any changes, and adjusting risk responses accordingly. Regular audits, reviews of user rights and permissions, system and network monitoring tools, are typically used.

Exam Tips: Answering Questions on Risk Monitoring and Review
Understand the basic principles and processes of Risk Management. Be familiar with various tools and techniques used in Risk Monitoring and Review. Choose the best possible risk response based on the given scenario.
Remember, 'Not all risks can be eliminated, but they can be managed.'

How to answer questions?
Always read the question carefully and understand what is being asked before answering. Keep in mind the cost-benefit analysis, which is often a crucial factor in determining the right approach to risk management.
For questions that ask you to choose the 'most appropriate' or the 'best' response, consider all options in relation to the scenario given, and make a decision based on risk management principles.

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Question 1

A hospital recently outsourced its IT services. Which three steps should be taken to monitor and review the performance of the service provider?

Allow the service provider to self-assess their performance Monitor only KPIs unrelated to security Act only upon receiving complaints from employees Establish SLAs, conduct periodic performance reviews, and measure relevant KPIs

Correct Answer: Establish SLAs, conduct periodic performance reviews, and measure relevant KPIs

Establishing Service Level Agreements (SLAs), conducting periodic performance reviews, and measuring relevant Key Performance Indicators (KPIs) are the best steps to properly monitor and review the service provider's performance. The other options do not provide a systematic and continuous approach to monitoring performance.

Question 2

An organization has discovered a portion of its network infected with malware. Which approach should be used to continuously monitor and review the effectiveness of the implemented malware remediation efforts?

Use a combination of real-time monitoring, IDS/IPS alerts, and regular vulnerability assessments Exclusively review malware signature updates Assess the environment only after clean-up is completed Rely on public vulnerability databases for information

Correct Answer: Use a combination of real-time monitoring, IDS/IPS alerts, and regular vulnerability assessments

The combination of real-time monitoring, Intrusion Detection System (IDS) / Intrusion Prevention System (IPS) alerts, and regular vulnerability assessments ensures comprehensive and ongoing review of the implemented malware remediation efforts. The other options lack the necessary depth and frequency to effectively monitor and review the organization's efforts.

Question 3

A company is updating its mobile application and adding new security measures. Which of the following would be the BEST method to monitor and review the effectiveness of the new security measures?

Deploy the changes without testing them Rely on user feedback Implement regular security audits and vulnerability scans Check the application only for compliance requirements

Correct Answer: Implement regular security audits and vulnerability scans

To monitor and review the effectiveness of the new security measures, implementing regular security audits and vulnerability scans is the best method. This allows continuous monitoring and addresses weaknesses that may arise. User feedback, deploying without tests, and disabling some measures are not effective methods to ensure security. Checking for compliance is important but not sufficient, and evaluating the application annually is not frequent enough.

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