Isaca Updated CISM Exam Questions and Answers by daisy-mae

 The effectiveness of an incident response team will be greatest when the incident response process is updated based on lessons learned. This ensures that the team can continuously improve its performance and capabilities, and address any gaps or weaknesses identified during previous incidents. Updating the incident response process based on lessons learned also helps to align the process with the changing business and security environment, and to incorporate best practices and standards. Meeting on a regular basis to review log files, having trained security personnel as team members, and using a security information and event monitoring (SIEM) system are all important factors for an incident response team, but they are not sufficient to ensure the effectiveness of the team. Reviewing log files may help to detect and analyze incidents, but it does not guarantee that the team can respond appropriately and efficiently. Having trained security personnel may enhance the skills and knowledge of the team, but it does not ensure that the team can work collaboratively and communicate effectively. Using a SIEM system may facilitate the identification and prioritization of incidents, but it does not ensure that the team can follow the established procedures and protocols. References = CISM Review Manual, 16th Edition, page 1361; CISM Review Questions, Answers & Explanations Manual, 10th Edition, page 1492

The greatest challenge with assessing emerging risk in an organization is the incomplete identification of threats, as emerging risks are often new, unknown, or unfamiliar, and may not be fully understood or assessed. Incomplete identification of threats can lead to gaps in risk analysis and management, and expose the organization to unexpected or unprepared scenarios. The other options, such as lack of a risk framework, ineffective security controls, or presence of known vulnerabilities, are not specific to emerging risks, and may apply to any type of risk assessment. References:

https://committee.iso.org/sites/tc262/home/projects/ongoing/iso-31022-guidelines-for-impl-2.html

https://www.isaca.org/resources/news-and-trends/newsletters/atisaca/2023/volume-6/emerging-risk-analysis

https://projectriskcoach.com/emerging-risks/

The expected duration of outage is the primary factor that should trigger the BCP because it indicates how long the organization can tolerate the disruption of its critical business processes and functions before it causes unacceptable consequences. The expected duration of outage is determined by the recovery time objectives (RTOs) that are defined for each critical business process and function based on the business impact analysis (BIA). The BCP should be triggered when the expected duration of outage exceeds or is likely to exceed the RTOs.

References: The CISM Review Manual 2023 defines RTO as “the maximum acceptable time that a service can be unavailable or disrupted before it causes unacceptable consequences” and states that “the RTO is determined based on the impact of service interruption on the enterprise’s business processes, reputation, customers, and stakeholders” (p. 189). The CISM Review Questions, Answers & Explanations Manual 2023 also provides the following rationale for this answer: “Expected duration of outage is the correct answer because it is the primary factor that should trigger the BCP, as it reflects the maximum time that the organization can afford to lose its critical business processes and functions without causing unacceptable consequences” (p. 96). Additionally, the article Invoking your business continuity plan: five triggers, six decision points from the ITWeb website states that “the expected duration of outage is the most important consideration when deciding to invoke the BCP, as it indicates how long the organization can sustain the disruption before it impacts its business objectives, operations, reputation, and legal obligations” (p. 2)