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NEW QUESTION: 1
Which of the following BEST describes an information security manager's role in a multidisciplinary team that will address a new regulatory requirement regarding operational risk?
A. Suggest new IT controls to mitigate operational risk
B. Demonstrate that IT mitigating controls are in place
C. Evaluate the impact of information security risks
D. Ensure that all IT risks are identified
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The job of the information security officer on such a team is to assess the risks to the business operation.
Choice A is incorrect because information security is not limited to IT issues. Choice C is incorrect because at the time a team is formed to assess risk, it is premature to assume that any demonstration of IT controls will mitigate business operations risk. Choice D is incorrect because it is premature at the time of the formation of the team to assume that any suggestion of new IT controls will mitigate business operational risk.

NEW QUESTION: 2
Which of the following is not an approach proposed by the Basel II framework to compute operational risk capital?
A. Factor based approach
B. Basic indicator approach
C. Standardized approach
D. Advanced measurement approach
Answer: A
Explanation:
Explanation
Basel II proposes three approaches to compute operational risk capital - the basic indicator approach (BIA), the standardized approach (SIA) and the advanced measurement approach (AMA). There is no operational risk approach called the factor based approach.

NEW QUESTION: 3
What is the most important benefit of classifying information assets?
A. Allotting risk ownership
B. Identifying controls that should be applied
C. Linking security requirements to business objectives
D. Defining access rights
Answer: B
Explanation:
Explanation/Reference:
Explanation:
All of the options are directly or indirectly are the advantages of classifying information assets, but the most important benefit amongst them is that appropriate controls can be identified.
Incorrect Answers:
A, B, C: These all are less significant than identifying controls.