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The benefits of obtaining a CRISC certification are numerous. CRISC certified professionals are highly sought after in the job market and are often paid a premium for their expertise. Additionally, the certification provides individuals with the knowledge and skills needed to effectively manage information system risks in an organization, thereby reducing the risk of data breaches and other security incidents. Finally, the CRISC Certification demonstrates a commitment to professional development and a desire to stay up-to-date with the latest developments in the field of information systems and risk management.
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ISACA CRISC (Certified in Risk and Information Systems Control) certification exam is a globally recognized certification that focuses on risk management and information systems control. Certified in Risk and Information Systems Control certification is designed for IT professionals who are responsible for identifying, evaluating, and managing information systems and technology risks. CRISC Certification holders are expected to possess expertise in risk management and control, as well as proficiency in the design, implementation, and monitoring of information systems.
NEW QUESTION # 640
A risk practitioner is summarizing the results of a high-profile risk assessment sponsored by senior management. The BEST way to support risk-based decisions by senior management would be to:
Answer: C
Explanation:
The best way to support risk-based decisions by senior management would be to map findings to objectives, because this would help them understand how the identified risks affect the achievement of the organization's goals and priorities. Mapping findings to objectives would also help senior management evaluate the trade- offs between different risk responses and allocate resources accordingly. By linking risks to objectives, the risk practitioner can communicate the value and impact of risk management in a clear and relevant way. References = Risk IT Framework, ISACA, 2022, p. 17
NEW QUESTION # 641
Which of the following decision tree nodes have probability attached to their branches?
Answer: D
Explanation:
Section: Volume B
Explanation:
Event nodes represents the possible uncertain outcomes of a risky decision, with at least two nodes to illustrate the positive and negative range of events. Probabilities are always attached to the branches of event nodes.
Incorrect Answers:
A: Root node is the starting node in the decision tree, and it has no branches.
C: End node represents the outcomes of risk and decisions and probability is not attached to it.
D: It represents the choice available to the decision maker, usually between a risky choice and its non-risky counterpart. As it represents only the choices available to the decision makers, hence probability is not attached to it.
NEW QUESTION # 642
Who should be accountable for monitoring the control environment to ensure controls are effective?
Answer: D
Explanation:
Section: Volume D
NEW QUESTION # 643
An organization has allowed its cyber risk insurance to lapse while seeking a new insurance provider. The risk practitioner should report to management that the risk has been:
Answer: B
Explanation:
Section: Volume D
NEW QUESTION # 644
A risk practitioner has been asked to evaluate the adoption of a third-party blockchain integration platform based on the value added by the platform and the organization's risk appetite. Which of the following is the risk practitioner's BEST course of action?
Answer: A
Explanation:
A risk assessment with stakeholders is the best course of action because it will help the risk practitioner to evaluate the value and risk of the third-party blockchain integration platform in relation to the organization's objectives, risk appetite, and risk tolerance. A risk assessment will also help to identify and prioritize the risks and opportunities associated with the platform, and to develop appropriate risk responses and controls.
References: The answer is based on the following sources:
*CRISC Review Manual, 7th Edition, Chapter 2: IT Risk Assessment, pages 75-761
*CRISC Review Questions, Answers & Explanations Database, 12 Month Subscription, Question ID:
QID-10012
NEW QUESTION # 645
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