Question: What Is The Term For Risk Left Over After Security Controls Are Applied?

Which of the following best describes the relationship between CobiT and ITIL?

Which of the following best describes the relationship between CobiT and ITIL.

A.

CobiT is a model for IT governance, whereas ITIL is a model for corporate governance..

How do you implement controls?

Here is a five-step process to follow when developing and implementing effective internal controls in an organization:Step 1: Establish an Appropriate Control Environment.Step 2: Assess Risk.Step 3: Implement Control Activities.Step 4: Communicate Information.Step 5: Monitor.

Who is responsible for establishing and maintaining the internal control system?

Terms in this set (15) Management is responsible for establishing and maintaining the control environment. Auditors play a role in a system of internal controls by performing evaluations and making recommendations for improved controls. What are internal control’s objectives?

How does a control manage a specific risk?

How does a control manage a specific risk? … To ensure that weaknesses in the internal control system are corrected. c. To provide reasonable assurance that the process will enable the organization’s objectives and goals to be met efficiently and economically.

What is residual risk quizlet?

To provide reasonable assurance that the processes will enable the organization’s objectives and goals to be met efficiently and economically. What is residual risk? Risk that is not managed. The requirement that purchases be made from suppliers on an approved vendor list is an example of a: Preventive control.

Which best defines residual risk?

Which of the following is NOT among the six factors needed to create a risk analysis? … Which best defines residual risk? THE AMOUNT OF RISK REMAINING AFTER COUNTERMEASURES ARE IMPLEMENTED. 7.

How do you define residual risk?

The residual risk is the amount of risk or danger associated with an action or event remaining after natural or inherent risks have been reduced by risk controls.

How does Cobit and ITIL work together?

ITIL is a framework that enables IT services to be managed across their lifecycle. COBIT, on the other hand, aids enterprise IT governance to generate the maximum added value to the business via its IT investments, while mitigating risks and optimizing resources.

What is the difference between inherent risk and residual risk?

Inherent Risk is typically defined as the level of risk in place in order to achieve an entity’s objectives and before actions are taken to alter the risk’s impact or likelihood. Residual Risk is the remaining level of risk following the development and implementation of the entity’s response.

What is risk mapping?

Risk Mapping, Assessment, and Planning (Risk MAP) is the Federal Emergency Management Agency (FEMA) Program that provides communities with flood information and tools they can use to enhance their mitigation plans and take action to better protect their citizens.

What do you do with residual risk?

There are four basic ways of dealing with risk: reduce it, avoid it, accept it or transfer it. Since residual risk is unknown, many organizations choose to either accept residual risk or transfer it — for example, by purchasing insurance to transfer the risk to an insurance company.

What does residual risk mean in the RM process?

What does “residual risk” mean in the RM process? Risk that remains after all controls have been selected. Only $2.99/month. What RM process step requires a cycle of continuous reassessment until the benefits of completing the mission outweigh the risks of not completing it? Develop controls and make risk decisions.

Which best describes the relationship between the governance pathway and the regulation pathway?

The Governance pathway involves military jobs that the Regulation pathway pays for. The Regulation pathway performs research for community development to creates plans about how the city will grow.

What is the fifth step in the RM process?

The five steps of RM—identify the hazards, assess the hazards, develop controls and make risk decisions, implement controls, and supervise and evaluate—are used across the Services to help them operate as a joint force.

Which is best described as a type of compensating control?

A compensating control, also called an alternative control, is a mechanism that is put in place to satisfy the requirement for a security measure that is deemed too difficult or impractical to implement at the present time.

How would you determine an acceptable level of residual risk?

Likelihood x Severity = Risk If the remaining risk is low, because it is unlikely anyone would be harmed, and that harm would be slight, then this could be an acceptable level of residual risk (based on the ALARP principle).

What is the purpose of the RM step?

RM is a decision-making tool to assist the supervisor or individual in identifying, assessing, and controlling risks in order to make informed decisions that balance risk costs (potential losses) against mission benefits (potential gains).