Suggested Answer:BCD🗳️
Creating a scenario requires determination of the value of an asset or a business process at risk and the potential threats and vulnerabilities that could cause loss. The risk scenario should be assessed for relevance and realism, and then entered into the risk register if found to be relevant. In practice following steps are involved in risk scenario development: ✑ First determine manageable set of scenarios, which include: - Frequently occurring scenarios in the industry or product area. - Scenarios representing threat sources that are increasing in count or severity level. - Scenarios involving legal and regulatory requirements applicable to the business. ✑ After determining manageable risk scenarios, perform a validation against the business objectives of the entity. ✑ Based on this validation, refine the selected scenarios and then detail them to a level in line with the criticality of the entity. ✑ Lower down the number of scenarios to a manageable set. Manageable does not signify a fixed number, but should be in line with the overall importance and criticality of the unit. ✑ Risk factors kept in a register so that they can be reevaluated in the next iteration and included for detailed analysis if they have become relevant at that time. ✑ Risk factors kept in a register so that they can be reevaluated in the next iteration and included for detailed analysis if they have become relevant at that time. ✑ Include an unspecified event in the scenarios, that is, address an incident not covered by other scenarios. Incorrect Answers: A: Cause-and-effect analysis is a predictive or diagnostic analytical tool used to explore the root causes or factors that contribute to positive or negative effects or outcomes. It is used during the process of exposing risk factors.
Why D is Incorrect:
• D. Determination of the value of an asset
While asset valuation is part of risk management, risk scenarios focus on business processes rather than individual asset values.
The broader impact of risk events on business functions is more important than just an asset’s monetary worth.
I think D is not fully corrected, It should be say that "Determination of the value of an asset at risk" because the "Determination of the value of an asset" takes place in the process of asset valuation and prioritization which is occurred before the risk scenario process.
From what i perceive, question talks about risk scenario and as you said, asset valuation happens much before. But, lets remember that asset value changes over the course of time e.g. a laptop or desktop may have lost its value over the course of period or may not hold any sensitive information on it and hence, even if its compromised in an isolated environment, it doesnt have any monetary dent on org
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CPS13
1 month agosomkiatr
4 months agotalonsprem87
1 month, 4 weeks ago