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Following a security assessment, the Chief Information Security Officer (CISO) is reviewing the results of the assessment and evaluating potential risk treatment strategies. As part of the CISO's evaluation, a judgment of potential impact based on the identified risk is performed. To prioritize response actions, the CISO uses past experience to take into account the exposure factor as well as the external accessibility of the weakness identified.
Which of the following is the CISO performing?
A. Business impact scoring
B. Documentation of lessons learned
C. Threat modeling
D. Qualitative assessment of risk
E. Quantitative risk assessment
Answer: E
Explanation:
Qualitative analysis methods use descriptions and words to measure the likelihood and impact of risk. For example, impact ratings can be severe/ high, moderate/medium, or low; and likelihood ratings can be likely, unlikely, or rare.
Qualitative analysis is generally scenario-based. A weakness of qualitative risk analysis lies with its sometimes subjective and untestable methodology. You can also assign numbers between 0 and 9 for exposures and damage potential. However, you do not perform calculations on the numbers assigned to the risks. The goal of qualitative assessment is to rank the risks on a scale of 1 to 25, for example.
Quantitative analysis is based completely on numeric values. Data is analyzed using historic records, experiences, industry best practices and records, statistical theories, testing, and experiments. This methodology may be weak in situations where risk is not easily quantifiable.
The goal of quantitative analysis is to calculate the probable loss for every risk.
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NEW QUESTION: 3
SCENARIO - Please use the following to answer the next question:
Carol was a US-based glassmaker who sold her work at art festivals. She kept things simple by only accepting cash and personal checks.
As business grew, Carol couldn't keep up with demand, and traveling to festivals became burdensome. Carol opened a small boutique and hired Sam to run it while she worked in the studio. Sam was a natural salesperson, and business doubled. Carol told Sam, :'l don't know what you are doing, but keep doing it; But months later, the gift shop was in chaos. Carol realized that Sam needed help so she hired Jane, who had business expertise and could handle the back-office tasks. Sam would continue to focus on sales. Carol gave Jane a few weeks to get acquainted with the artisan craft business, and then scheduled a meeting for the three of them to discuss Jane s first impressions.
At the meeting, Carol could not wait to hear Jane s thoughts, but she was unprepared for what Jane had to say.
"Carol. I know that he doesn't realize it, but some of Sam s efforts to increase sales have put you in a vulnerable position. You are not protecting customers personal information like you should." Sam said, :'l am protecting our information. I keep it in the safe with our bank deposit. It's only a list of customers names, addresses and phone numbers that I get from their checks before I deposit them. I contact them when you finish a piece that I think they would like. That's the only information I have! The only other thing I do is post photos and information about your work on the photo sharing site that I use with family and friends. I provide my email address and people send me their information if they want to see more of your work. Posting online really helps sales, Carol. In fact, the only complaint I hear is about having to come into the shop to make a purchase." Carol replied, "Jane, that doesn't sound so bad. Could you just fix things and help us to post even more online?"
''I can," said Jane. "But it's not quite that simple. I need to set up a new program to make sure that we follow the best practices in data management. And I am concerned for our customers. They should be able to manage how we use their personal information. We also should develop a social media strategy" Sam and Jane worked hard during the following year. One of the decisions they made was to contract with an outside vendor to manage online sales. At the end of the year Carol shared some exciting news. ''Sam and Jane, you have done such a great job that one of the biggest names in the glass business wants to buy us out!
And Jane, they want to talk to you about merging all of our customer and vendor information with theirs beforehand " Which regulator has jurisdiction over the shop s data management practices?
A. The Federal Communications Commission.
B. The Data Protection Authority.
C. The Department of Commerce.
D. The Federal Trade Commission.
Answer: D
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