ISO-IEC-27005-RISK-MANAGER EXAM SAMPLE QUESTIONS | LATEST ISO-IEC-27005-RISK-MANAGER TRAINING

ISO-IEC-27005-Risk-Manager Exam Sample Questions | Latest ISO-IEC-27005-Risk-Manager Training

ISO-IEC-27005-Risk-Manager Exam Sample Questions | Latest ISO-IEC-27005-Risk-Manager Training

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PECB ISO-IEC-27005-Risk-Manager Exam Syllabus Topics:

TopicDetails
Topic 1
  • Fundamental Principles and Concepts of Information Security Risk Management: This domain covers the essential ideas and core elements behind managing risks in information security, with a focus on identifying and mitigating potential threats to protect valuable data and IT resources.
Topic 2
  • Information Security Risk Management Framework and Processes Based on ISO
  • IEC 27005: Centered around ISO
  • IEC 27005, this domain provides structured guidelines for managing information security risks, promoting a systematic and standardized approach aligned with international practices.
Topic 3
  • Implementation of an Information Security Risk Management Program: This domain discusses the steps for setting up and operationalizing a risk management program, including procedures to recognize, evaluate, and reduce security risks within an organization’s framework.
Topic 4
  • Other Information Security Risk Assessment Methods: Beyond ISO
  • IEC 27005, this domain reviews alternative methods for assessing and managing risks, allowing organizations to select tools and frameworks that align best with their specific requirements and risk profile.

PECB Certified ISO/IEC 27005 Risk Manager Sample Questions (Q26-Q31):

NEW QUESTION # 26
Which statement regarding information gathering techniques is correct?

  • A. Organizations can utilize technical tools to identify technical vulnerabilities and compile a list of assets that influence risk assessment
  • B. Interviews should be conducted only with individuals responsible for information security management
  • C. Sending questionnaires to a group of people who represent the interested parties is NOT preferred

Answer: A

Explanation:
ISO/IEC 27005 supports the use of various information-gathering techniques, including technical tools, to identify and assess risks. Technical tools such as vulnerability scanners and asset management software can help organizations identify technical vulnerabilities and compile a list of assets that are critical for risk assessment. This aligns with the standard's recommendation to use automated tools for an effective risk assessment process. Option B is correct because it accurately describes an effective information-gathering technique.
Reference:
ISO/IEC 27005:2018, Clause 8.2, "Risk Identification," which discusses using tools and techniques to identify risks.


NEW QUESTION # 27
Scenario 1
The risk assessment process was led by Henry, Bontton's risk manager. The first step that Henry took was identifying the company's assets. Afterward, Henry created various potential incident scenarios. One of the main concerns regarding the use of the application was the possibility of being targeted by cyber attackers, as a great number of organizations were experiencing cyberattacks during that time. After analyzing the identified risks, Henry evaluated them and concluded that new controls must be implemented if the company wants to use the application. Among others, he stated that training should be provided to personnel regarding the use of the application and that awareness sessions should be conducted regarding the importance of protecting customers' personal data.
Lastly, Henry communicated the risk assessment results to the top management. They decided that the application will be used only after treating the identified risks.
Based on the scenario above, answer the following question:
Bontton established a risk management process based on ISO/IEC 27005, to systematically manage information security threats. Is this a good practice?

  • A. Yes, ISO/IEC 27005 provides guidelines for information security risk management that enable organizations to systematically manage information security threats
  • B. Yes, ISO/IEC 27005 provides guidelines to systematically manage all types of threats that organizations may face
  • C. No, ISO/IEC 27005 cannot be used to manage information security threats in the food sector

Answer: A

Explanation:
ISO/IEC 27005 is the standard that provides guidelines for information security risk management, which supports the requirements of an Information Security Management System (ISMS) as specified in ISO/IEC 27001. In the scenario provided, Bontton established a risk management process to identify, analyze, evaluate, and treat information security risks, which is in alignment with the guidelines set out in ISO/IEC 27005. The standard emphasizes a systematic approach to identifying assets, identifying threats and vulnerabilities, assessing risks, and implementing appropriate risk treatment measures, such as training and awareness sessions. Thus, option A is correct, as it accurately reflects the purpose and application of ISO/IEC 27005 in managing information security threats. Option B is incorrect because ISO/IEC 27005 specifically addresses information security threats, not all types of threats, and option C is incorrect because ISO/IEC 27005 is applicable to any sector, including the food industry, as long as it concerns information security risks.


NEW QUESTION # 28
Scenario 7: Adstry is a business growth agency that specializes in digital marketing strategies. Adstry helps organizations redefine the relationships with their customers through innovative solutions. Adstry is headquartered in San Francisco and recently opened two new offices in New York. The structure of the company is organized into teams which are led by project managers. The project manager has the full power in any decision related to projects. The team members, on the other hand, report the project's progress to project managers.
Considering that data breaches and ad fraud are common threats in the current business environment, managing risks is essential for Adstry. When planning new projects, each project manager is responsible for ensuring that risks related to a particular project have been identified, assessed, and mitigated. This means that project managers have also the role of the risk manager in Adstry. Taking into account that Adstry heavily relies on technology to complete their projects, their risk assessment certainly involves identification of risks associated with the use of information technology. At the earliest stages of each project, the project manager communicates the risk assessment results to its team members.
Adstry uses a risk management software which helps the project team to detect new potential risks during each phase of the project. This way, team members are informed in a timely manner for the new potential risks and are able to respond to them accordingly. The project managers are responsible for ensuring that the information provided to the team members is communicated using an appropriate language so it can be understood by all of them.
In addition, the project manager may include external interested parties affected by the project in the risk communication. If the project manager decides to include interested parties, the risk communication is thoroughly prepared. The project manager firstly identifies the interested parties that should be informed and takes into account their concerns and possible conflicts that may arise due to risk communication. The risks are communicated to the identified interested parties while taking into consideration the confidentiality of Adstry's information and determining the level of detail that should be included in the risk communication. The project managers use the same risk management software for risk communication with external interested parties since it provides a consistent view of risks. For each project, the project manager arranges regular meetings with relevant interested parties of the project, they discuss the detected risks, their prioritization, and determine appropriate treatment solutions. The information taken from the risk management software and the results of these meetings are documented and are used for decision-making processes. In addition, the company uses a computerized documented information management system for the acquisition, classification, storage, and archiving of its documents.
Based on the scenario above, answer the following question:
Which of the following documented information management systems does Adstry use?

  • A. Electronic documented management system
  • B. Cloud-based documented management system
  • C. Content management system

Answer: A

Explanation:
Adstry uses a computerized documented information management system for the acquisition, classification, storage, and archiving of documents. This type of system is typically referred to as an Electronic Document Management System (EDMS). An EDMS is designed to handle digital documents and support the management of information, ensuring that documents are stored, retrieved, and maintained efficiently. Option B (Content management system) is incorrect because it primarily manages web content rather than organizational documents. Option C (Cloud-based documented management system) could be partially correct if the EDMS is hosted in the cloud, but the scenario does not specify this.


NEW QUESTION # 29
What type of process is risk management?

  • A. Ongoing, which must be conducted annually and be consistent with the selection of security controls
  • B. Ongoing, which allows organizations to monitor risk and keep it at an acceptable level
  • C. Iterative, which is conducted simultaneously with internal audits to ensure the effectiveness of an organization's operations

Answer: B

Explanation:
Risk management is an ongoing process that involves continuous monitoring, assessment, and mitigation of risks to ensure that they remain within acceptable levels. According to ISO/IEC 27005, risk management is not a one-time activity but a continuous cycle that includes risk identification, risk analysis, risk evaluation, and risk treatment. The process must be regularly reviewed and updated to respond to changes in the organization's environment, technological landscape, or operational conditions. Option A correctly identifies risk management as an ongoing process. Options B and C are incorrect; risk management is not limited to being conducted simultaneously with internal audits (B), nor is it required to be conducted annually (C).


NEW QUESTION # 30
Based on NIST Risk Management Framework, what is the last step of a risk management process?

  • A. Accessing security controls
  • B. Communicating findings and recommendations
  • C. Monitoring security controls

Answer: C

Explanation:
Based on the NIST Risk Management Framework (RMF), the last step of the risk management process is "Monitoring Security Controls." This step involves continuously tracking the effectiveness of the implemented security controls, ensuring they remain effective against identified risks, and adapting them to any changes in the threat landscape. Option A correctly identifies the final step.


NEW QUESTION # 31
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