Isaca Certification Changed CISM Questions

 The main reason for having senior management review and approve an information security strategic plan is to ensure that the plan aligns with the corporate governance of the organization. Corporate governance is the set of responsibilities and practices exercised by the board and executive management to provide strategic direction, ensure objectives are achieved, manage risks appropriately and verify that the organization’s resources are used responsibly1. An information security strategic plan is a document that defines the vision, mission, goals, objectives, scope and approach for the information security program of the organization2. The plan should be aligned with the organization’s business strategy, risk appetite, culture, values and objectives3. By reviewing and approving the plan, senior management demonstrates their commitment and support for the information security program, ensures its alignment with the corporate governance, and provides the necessary resources and authority for its implementation4. References = 1: CISM Review Manual 15th Edition, ISACA, 2017, page 172: CISM Review Manual 15th Edition, ISACA, 2017, page 253: CISM Review Manual 15th Edition, ISACA, 2017, page 264: CISM Review Manual 15th Edition, ISACA, 2017, page 27.

Senior management review and approval of an information security strategic plan is important to ensure that the plan is aligned with the organization's overall corporate governance objectives. It is also important to ensure that the plan takes into account any legal and regulatory requirements, as well as the resources and staff needed to properly implement the plan.

= A multinational organization is required to follow governmental regulations with different security requirements at each of its operating locations. This means that the CISO has to deal with multiple and diverse legal, regulatory, and compliance issues across different jurisdictions and markets. The CISO should be most concerned with developing a security program that meets global and regional requirements, such as ISO/IEC 27001, NIST CSF, PCI DSS, GDPR, etc. These standards provide a framework for establishing, implementing, maintaining, and improving an information security management system (ISMS) that aligns with the organization’s business objectives and risk appetite. The CISO should also ensure that the security program is consistent and coherent across all operating locations, and that it complies with the specific regulations of each location. Therefore, option A is the most appropriate answer. References = CISM Review Manual 15th Edition, page 255; CISM Review Questions, Answers & Explanations Database - 12 Month Subscription, QID 234.In this scenario, the chief information security officer (CISO) should be most concerned with developing a security program that meets the global and regional requirements of the organization. This includes considering the different legal and regulatory requirements of each operating location, and designing a security program that meets all of these requirements. The CISO should also ensure effective communication with local regulatory bodies to ensure compliance and understanding of the security program. Additionally, the CISO should use industry best practices and defined security policies and standards to ensure the program meets all applicable requirements.

The level of protection for an information asset should be based on the impact to the business function that depends on the asset. The impact to the business function reflects the value and criticality of the information asset to the organization, and the potential consequences of its loss, compromise, or unavailability. The impact to the business function can be measured in terms of financial, operational, reputational, legal, or strategic effects. The higher the impact, the higher the level of protection required.

Impact on information security program, cost of controls, and cost to replace are not the best factors to provide guidance when deciding the level of protection for an information asset. Impact on information security program is a secondary effect that depends on the impact to the business function. Cost of controls and cost to replace are important considerations for implementing and maintaining the protection, but they do not determine the level of protection needed. Cost of controls and cost to replace should be balanced with the impact to the business function and the risk appetite of the organization. References = CISM Certified Information Security Manager Study Guide, Chapter 2: Information Risk Management, page 671; CISM Foundations: Module 2 Course, Part One: Information Risk Management2; CISM Review Manual 15th Edition, Chapter 2: Information Risk Management, page 693

When deciding the level of protection for an information asset, the most important factor to consider is the impact to the business function. The value of the asset should be evaluated in terms of its importance to the organization's operations and how its security posture affects the organization's overall security posture. Additionally, the cost of implementing controls, the potential impact on the information security program, and the cost to replace the asset should be taken into account when determining the appropriate level of protection for the asset.

 The number of business objectives directly supported by information security initiatives is the best indication of information security strategy alignment with the organizational goals and objectives. This metric shows how well the information security strategy is aligned with the business strategy, and how effectively the information security program is delivering value to the organization. The more business objectives that are supported by information security initiatives, the more aligned the information security strategy is with the organizational goals and objectives.

The other options are not the best indicators of information security strategy alignment, as they do not directly measure the impact or contribution of information security initiatives to the business objectives. The percentage of information security incidents resolved within defined SLAs is a measure of the efficiency and effectiveness of the incident management process, but it does not reflect how well the information security strategy is aligned with the business strategy. The percentage of corporate budget allocated to information security initiatives is a measure of the investment and commitment of the organization to information security, but it does not indicate how well the information security initiatives are aligned with the business objectives or how they are prioritized. The number of business executives who have attended information security awareness sessions is a measure of the awareness and involvement of the senior management in information security, but it does not show how well the information security strategy is aligned with the business strategy or how it supports the business objectives. References =

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