CISM Exam Dumps : Certified Information Security Manager

Consulting with the business owner is the FIRST course of action that the information security manager should take to address the risk associated with a new third-party cloud application that will not meet organizational security requirements, because it helps to understand the business needs and expectations for using the application, and to communicate the security risks and implications. The information security manager and the business owner should work together to evaluate the trade-offs between the benefits and the risks of the application, and to determine the best course of action, such as modifying the requirements, finding an alternative solution, or accepting the risk.

References =

CISM Review Manual, 16th Edition, ISACA, 2020, p. 41: “The information security manager should consult with the business owners to understand their needs and expectations for using third-party services, and to communicate the security risks and implications.”

CISM Review Manual, 16th Edition, ISACA, 2020, p. 42: “The information security manager and the business owners should collaborate to evaluate the trade-offs between the benefits and the risks of using third-party services, and to determine the best course of action, such as modifying the requirements, finding an alternative solution, or accepting the risk.”

Best Practices to Manage Risks in the Cloud - ISACA: “The information security manager should work with the business owner to define the security requirements for the cloud service, such as data protection, access control, incident response, and compliance.”

According to the CISM Manual, the organization’s risk appetite is the amount and type of risk that the organization is willing to accept in order to achieve its objectives1. The organization’s risk appetite should guide the development and maintenance of an information security program, as it determines the level of security controls, resources, and activities that are needed to protect the organization’s assets and operations1.

The CISM Manual states that “the information security program should be aligned with the organization’s risk appetite, which reflects its tolerance for risk and its strategic objectives” (IR 8288A)1. The information security program should also consider other factors that influence the organization’s risk appetite, such as its mission, vision, values, culture, stakeholders, regulations, standards, guidelines, and best practices1.

The CISM Manual also provides guidance on how to develop and maintain an information security program based on the organization’s risk appetite. It recommends using a process that involves identifying, analyzing, evaluating, treating, monitoring, and reviewing risks that affect the organization’s information assets1. It also suggests using a framework or model that supports the development of an information security program based on the organization’s risk appetite (e.g., ISO/IEC 27001)1.

References: 1: IR 8288A - Information Security Program Development | CSRC NIST

= Standardization of compliance requirements is the best approach to reduce unnecessary duplication of compliance activities, as it allows for a common understanding of the objectives and expectations of various stakeholders, such as regulators, auditors, customers, and business partners. Standardization also facilitates the alignment of compliance activities with the organization’s risk appetite and tolerance, and enables the identification and elimination of redundant or conflicting controls. References = CISM Review Manual, 27th Edition, page 721; CISM Review Questions, Answers & Explanations Database, 12th Edition, question 952

Learn more: