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Exam CIPT topic 1 question 235 discussion

Actual exam question from IAPP's CIPT
Question #: 235
Topic #: 1
[All CIPT Questions]

An organization would like to quantify potential losses from its privacy and security risks. This would best be achieved by utilizing?

  • A. Calo’s Harms Dimensions.
  • B. Factor Analysis in Information Risk (FAIR).
  • C. Fair Information Practice Principles (FIPPs).
  • D. Organization for Economic Cooperation and Development (OECD) Principles.
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Suggested Answer: B 🗳️
by Ssourav at Aug. 14, 2024, 2:04 p.m.

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Ssourav
3 months, 1 week ago
Selected Answer: B
The correct answer is B. Factor Analysis in Information Risk (FAIR). The FAIR framework is specifically designed to quantify potential losses from security and privacy risks. It provides a structured and quantitative approach to understanding, analyzing, and managing information risk, allowing organizations to estimate the financial impact of various risks and make informed decisions about risk management and mitigation strategies
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