Over the last year, an information security manager has performed risk assessments on multiple third-party vendors. Which of the following criteria would be MOST helpful in determining the associated level of risk applied to each vendor?
A.
Compliance requirements associated with the regulation
B.
Criticality of the service to the organization
C.
Corresponding breaches associated with each vendor
D.
Compensating controls in place to protect information security
The criticality of the service to the organization is a key factor in assessing the level of risk associated with a third-party vendor. If a vendor provides a service that is critical to the organization's operations, a security incident or disruption from that vendor could have a significant impact on the organization. Therefore, assessing the criticality of the service helps prioritize and determine the level of risk associated with each vendor.
While other factors such as compliance requirements (option A), corresponding breaches associated with each vendor (option C), and compensating controls in place (option D) are important considerations in risk assessments, the criticality of the service directly relates to the potential impact on the organization if a security incident were to occur.
I couldn't understand this question at first, i thought its asking after risk assessment how to determine which vendor has the highest risk associated with it and i chose compensating controls implemented on vendor which will show the degree of risk with the vendor.
However I stand corrected after looking at this explanation which helped me understand the que. -The information security manager is performing risk assessments on multiple third-party vendors, which indicates that the vendors have access to the organization's sensitive data and systems.
Out of the options given, the most helpful criterion in determining the associated level of risk applied to each vendor would be the criticality of the service to the organization. The criticality of a service refers to its importance in supporting the organization's business objectives and functions.
Why is it B? He has performed risk assessments on each vendor and wants to determine the associated level of risk applied to each one. What has his own services got to do with that? Surely if you wanted to gauge individual risk you need to look at the individual vendor. In other words, C
I guess it's just a badly written question. You're basically evaluating how the risks you identified in your third-party vendors relate to your business. The more critical the service is (in your business), the less risk you're willing to accept with your vendors.
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