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Exam Code: CCAK
Exam Name: Certificate of Cloud Auditing Knowledge
Vendor: ISACA

60 Questions & Answers
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NEW QUESTION: 1
Which of the following types of wireless attacks would be used specifically to impersonate another WAP in order to gain unauthorized information from mobile users?
A. IV attack
B. Evil twin
C. War driving
D. Rogue access point
Answer: B
Explanation:
An evil twin, in the context of network security, is a rogue or fake wireless access point (WAP) that appears as a genuine hotspot offered by a legitimate provider.
In an evil twin attack, an eavesdropper or hacker fraudulently creates this rogue hotspot to collect the personal data of unsuspecting users. Sensitive data can be stolen by spying on a connection or using a phishing technique.
For example, a hacker using an evil twin exploit may be positioned near an authentic Wi-Fi access point and discover the service set identifier (SSID) and frequency. The hacker may then send a radio signal using the exact same frequency and SSID. To end users, the rogue evil twin appears as their legitimate hotspot with the same name.
In wireless transmissions, evil twins are not a new phenomenon. Historically, they were known as honeypots or base station clones. With the advancement of wireless technology and the use of wireless devices in public areas, it is very easy for novice users to set up evil twin exploits.

NEW QUESTION: 2
In RTP packet, the timestamp reflects the sampling instant of the first octet in the RTP data packet. The sampling instant must be derived from a clock that increments monotonically and linearly in time to allow synchronization and jitter calculations.
The initial value of the timestamp should be random. It increases by 1 with each increasing packet. ( )
A. TRUE
B. FALSE
Answer: A

NEW QUESTION: 3
Refer to the Exhibit.

An administrator has been given requirements to configure vMotion for a new virtual machine. The configuration should:
Provide Network Redundancy

Use VLAN 550

Be secured against anyone trying to spoof communication

The vSwitch1 configuration is shown in the Exhibit.
Which three changes should be made to meet the stated requirements? (Choose three.)
A. The default values for MAC Address Changes and Forged Transmits must be altered.
B. The VLAN ID must be set appropriately.
C. The Traffic Shaping configuration must be altered.
D. The teaming and failover adapters must be set appropriately.
E. The Load Balancing Policy must be set appropriately.
Answer: A,B,D
Explanation:
Explanation/Reference:
Explanation:
First, VLAN ID must be set appropriately. Default values for Mac address changes and forged transmits must be altered and the teaming and failover adapters must be set accordingly.
Reference:

NEW QUESTION: 4
Mary Thomas works for Kershaw-Ross, a large investment bank located in London. Kershaw-Ross provides advice to portfolio managers, securities dealers, and hedge funds. Jack Bentley is Thomas assistant.
Washington Capital Management, one of Thomas' clients, has a $5 million position in fixed-rate U.S.
Treasury bonds. The firm would like to hedge this position using calls on Treasury bonds. The calls each cover $100,000 par value of bonds, have a delta of 0.4, and are out-of-the-money. To hedge this position, Thomas recommends that Washington Capital Management calculate the delta for the call options written on these Treasury bonds.
Later that week, Thomas discusses the particulars of option hedges with Francis Steele, Vice President at Washington Capital Management. Thomas describes how using gamma, the change in delta relative to the change in the underlying asset price, can increase the precision of the hedge. She states that this would be particularly true if the bond portfolio used calls that were at-the-money. Bentley adds that given the uncertainty surrounding U.S. Federal Reserve monetary policy, Kershaw-Ross has been advising clients to carefully monitor their bond positions for price changes. Bentley states that in Washington Capital Management's case, if the price of the underlying bond increases by 1% due to a yield curve shift, the calf hedge should be decreased because delta would have increased.
Thomas is analyzing the portfolio for one of his investors, Canopy Managers. Last year the portfolio had a market value of $4,881,000 and a dollar duration of $157,200. The current figures for the portfolio are provided below:

Canopy would like to alter the current dollar duration of the portfolio to last year's duration, and they would like to do so with the least amount of cash possible and a controlling position in one of the bonds.
Canopy Managers has also contracted to take out a 9-month loan for $5 million in three months at LIBOR.
Canopy's chief financial officer has become concerned that interest rates might increase and has asked Thomas to investigate the possibility of hedging the position with a forward rate agreement. Thomas finds a forward rate agreement is available with the same maturity as Canopy's loan at a rate of 4.40%. The risk free rate is 3.8% and LIBOR is projected to be 4.60% at the inception of the loan.
The next week, Thomas and Bentley visit the headquarters of Capital Pension Management, one of Kershaw-Ross's largest clients. Capital is using contingent immunization to immunize a liability, but management is concerned about a possible rise in interest rates. Thomas states that if she were to recommend the most effective strategy to Capital, she would recommend that they use bonds with high yields because immunization will be cheaper. Bentley interjects that the risk from nonparallel shifts in the yield curve can be minimized by concentrating the cash flows around the horizon date.
Due to their tremendous success, Kershaw-Ross has outgrown their current headquarters and is going to expand their current building. Thomas's team has been charged with securing financing tor the renovations. They currently are considering a remodeling and addition that would cost approximately
£5,000,000.
Thomas has secured the financing necessary for the renovations at a floating interest rate of LIBOR plus
150 basis points, with payments made quarterly over three years. Thomas believes that Kershaw-Ross should be able to complete the renovation of the building and close on the loan in one year. She is concerned, however, that interest rates will increase in the interim and has obtained a swaption to hedge the loan. She states that Kershaw-Ross should use a payer swaption to hedge the loan. Bentley evaluates the forecasts for future swap fixed rates as well as the current terms of various swaptions, which are provided below:
Fixed rate for a 1 -year payer swaption = 8.50%
Fixed rate for a 1-year receiver swaption = 8.60%
Projected swap fixed rate in one year = 9.30%
Fixed rate for a 4-year payer swaption - 9.40%
Fixed rate for a 4-year receiver swaption = 9.70%
Projected swap fixed rate in four years = 9.80%
Regarding their statements to Steele concerning the hedge of Washington Capital Management's Treasury bond position, determine whether Thomas and Bentley are correct or incorrect.
A. Only Bentley is correct.
B. Only Thomas is correct.
C. Both are correct.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Thomas is correct- When the option is at-the-money or near expiration, it becomes more important for the portfolio manager to incorporate both gamma and delca into their option hedge analysis so as to increase the precision of the hedge.
Bendey is correct. An increase in the price of the underlying increases delta, so the size of a delta hedge call position should be decreased. (Study Session 15. LOS 43.d,e)


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