Free 712-50 Questions Attempt

Risk management options include transfer, which involves shifting the responsibility or cost of a risk to another party, typically through insurance or outsourcing.

Options for Risk Management:

Avoid: Eliminate the activity causing the risk.

Mitigate: Reduce the risk to an acceptable level.

Transfer: Pass the risk to another party.

Accept: Acknowledge and tolerate the risk.

Transfer in Practice:

Commonly achieved via insurance or contracts with third-party providers.

Alignment with Scenario:

"Assign" and "Defer" are not standard risk responses. "Acknowledge" relates to acceptance, which is distinct from transferring risk.

Risk Management Frameworks: Highlights transferring risk as a key strategy, particularly in business continuity and contractual agreements.

Third-Party Risk Management: Demonstrates how outsourcing aligns with transferring risk responsibilities.

 Appropriate First Action After a Data Breach

Engaging law enforcement ensures proper handling of the breach within the legal framework, particularly when dealing with data stored on foreign servers.

Unauthorized actions, such as destroying data, may have legal repercussions and hinder investigations.

 Why Not Other Options?

A. Destroy the repository of stolen data: Illegal and could result in evidence tampering.

C. Consult with C-Level executives: Important but secondary to legal compliance.

D. Contract with credit monitoring services: A remediation step that follows breach confirmation and law enforcement involvement.

 EC-Council References

Emphasizes involving legal authorities and following incident response procedures to ensure compliance.

Information security controls are designed by balancing the available budget against the organization's risk tolerance. This balance ensures that the controls are both cost-effective and aligned with the organization's capacity to accept or mitigate risks. Governance and compliance (A) and auditing and security (B) pertain to regulatory and monitoring aspects, while threats and vulnerabilities (D) are inputs to risk assessments rather than direct factors in control design.

 Conflict Between IT and Security Programs:

IT teams often prioritize rapid deployment and operational efficiency.

Security teams focus on safeguarding assets, which can introduce delays and additional controls.

 Main Cause of Conflict:

Security controls like access restrictions and rigorous testing may be seen as obstacles to IT’s speed-oriented goals.

 Why Other Options Are Incorrect:

A, B, C: While governance focuses differ, the primary issue is the perceived impact of security on IT speed.

 References:

EC-Council highlights the need for collaboration between IT and security to balance operational agility with risk mitigation.