Isaca Updated CRISC Exam Questions and Answers by dolcie

 Using anonymized data in a non-production environment is the best approach for an organization in a heavily regulated industry to comprehensively test application functionality. Anonymized data is data that has been stripped of any personally identifiable information (PII) or other sensitive data, such as names, addresses, phone numbers, email addresses, etc. Anonymized data protects the privacy and security of the data, while still preserving the structure and format of the original data. Using anonymized data in a non-production environment allows the organization to test the application functionality without risking data breaches or violating regulations. Using production data, masked data, or test data in either production or non-production environments are not as optimal as using anonymized data, because they may introduce errors, inconsistencies, or vulnerabilities in the data or the application. References = Risk and Information Systems Control Study Manual, Chapter 3, Section 3.3.1, page 3-21.

The best tool to help prioritize investment efforts in the organization’s cybersecurity program is to review the outcome of the latest security risk assessment. A security risk assessment is a process of identifying, analyzing, and evaluating the risks associated with the confidentiality, integrity, and availability of the organization’s information assets and systems. By reviewing the outcome of the security risk assessment, senior management can identify the most critical and urgent risks, and allocate the resources and funds accordingly. Analyzing cyber intelligence reports, engaging independent cybersecurity consultants, and increasing the frequency of updates to the risk register are other possible tools, but they are not as effective as reviewing the outcome of the security risk assessment. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, question 12; CRISC Review Manual, 6th Edition, page 215.

 Scenario analysis is the best method to identify significant events that could impact an organization. Scenario analysis is the process of creating and evaluating hypothetical situations or scenarios that represent plausible outcomes of various events or actions. Scenario analysis helps to anticipate and prepare for potential risks and opportunities, as well as to test the robustness and resilience of the organization’s strategies and plans. Control analysis, vulnerability analysis, and heat map analysis are not as effective as scenario analysis, because they focus on the existing or current state of the organization, rather than the future or alternative states. References = Risk and Information Systems Control Study Manual, Chapter 4, Section 4.2.1, page 4-13.

Risk management is the process of identifying, analyzing, evaluating, treating, monitoring, and communicating the risks that may affect the achievement of an organization’s objectives. The activity that best facilitates effective risk management throughout the organization is conducting periodic risk assessments, which are the systematic and structured methods of identifying and analyzing the potential sources and consequences of risk events. By conducting periodic risk assessments, an organization can proactively identify and prioritize the risks that pose the greatest threat or opportunity, and implement the appropriate risk responses to optimize the risk exposure and align it with the risk appetite and tolerance. References = CRISC Review Manual, 7th Edition, page 63.