CRISC Exam Dumps and Practice Questions

The most important consideration when performing a vendor risk assessment is the inherent risk of the business process supported by the vendor, which is the risk that exists before any controls or mitigating factors are applied. The inherent risk reflects the potential impact and likelihood of the vendor's failure or disruption on the enterprise's objectives, operations, and reputation. The higher the inherent risk, the more rigorous and frequent the vendor risk assessment should be. The results of the last risk assessment of the vendor, the risk tolerance of the vendor, and the length of time since the last risk assessment of the vendor are not the most important considerations, as they do not directly measure the level of exposure and dependency that the enterprise has on the vendor.Reference=CRISC Certified in Risk and Information Systems Control -- Question204;ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 204.

The business application owner is responsible for the operation and risk decisions related to the application. Since the loss of failover may impact business continuity, their approval is essential.

Real-time monitoring is adetective control, as it is designed to identify and report suspicious or unauthorized activities as they occur. Detective controls provide feedback to mitigate ongoing risks and serve as an integral part of incident response plans.

The PRIMARY role of the first line of defense with respect to information security policies is implementing policies and maintaining control effectiveness through daily operational activities. The first line consists of operational management and employees who execute the policies and controls. They ensure policies are followed in routine work, detect issues, and report exceptions—the foundation of effective information security.

According to the CRISC Review Manual (Digital Version), the best way to mitigate the risk associated with data integrity loss in the new payroll system after data migration is to compare the processing output from both systems using the previous month's data, as this ensures that thenew system produces the same results as the old system for the same input data. Comparing the processing output from both systems using the previous month's data helps to:

Verify the accuracy and completeness of the data migration process and identify any errors or discrepancies in the data transfer

Validate the functionality and performance of the new system and confirm that it meets the business requirements and expectations

Evaluate the consistency and reliability of the data processing and reporting in the new system and detect any anomalies or deviations

Recommend and implement appropriate actions or measures to address any issues or findings in the data migration and the new system

Communicate and coordinate the data migration and the new system testing with the relevant stakeholders, such as the data owners, the users, and the senior management

Reference= CRISC Review Manual (Digital Version), Chapter 2: IT Risk Assessment, Section 2.4: IT Risk Scenarios, pp.107-1081