Question 1

A healthcare provider is evaluating the risk of unauthorized access to electronic health records (EHRs). The provider's risk criteria prioritize patient confidentiality and regulatory compliance. How should the risk level be assessed in this scenario?

Options :

A : Moderate, given the presence of basic access controls.

B : High, due to the critical importance of maintaining patient confidentiality and meeting regulatory requirements.

C : Low, as there is a low probability of such an incident occurring.

D : Negligible, assuming the healthcare provider conducts regular security audits.

Answer: B

Question 2

A software company is implementing the Harmonized TRA methodology for its product development process. In the first phase of Harmonized TRA, what should be the primary focus, and how does it contribute to the risk assessment process?

Options :

A : Identifying the context and objectives for the risk assessment, including defining the scope and assets to be assessed.

B : Outsourcing risk assessment to an external cybersecurity firm.

C : Immediately implementing security controls based on industry best practices.

D : Conducting a financial analysis to estimate potential losses from security incidents.

Answer: A

Question 3

A financial services company is evaluating the risk of fraud in electronic transactions. They are considering enhancing transaction monitoring systems, implementing biometric authentication, transferring some of the risk to a third-party payment processor, or accepting a certain level of fraud risk. Which option represents risk retention?

Options :

A : Implementing biometric authentication.

B : Accepting a certain level of fraud risk.

C : Transferring some of the risk to a third-party payment processor.

D : Enhancing transaction monitoring systems.

Answer: B

Question 4

A manufacturing company is assessing risks in its supply chain. What is the importance of the risk manager understanding the company's supply chain processes?

Options :

A : So the risk manager can take over the supply chain management role.

B : It is not important as long as the company has insurance for supply chain disruptions.

C : To identify and manage risks related to supplier reliability, logistics, and external dependencies.

D : Understanding supply chain processes is solely the responsibility of the procurement department.

Answer: C

Question 5

A government agency is conducting a risk analysis for its public-facing website. What approach should be taken to determine the likelihood and consequences of a website defacement attack?

Options :

A : Analyzing the number of website visitors and the potential for increased traffic following a defacement incident.

B : Assessing the technical complexity of the website and the cost of potential reputational damage.

C : Considering the frequency of website updates and the financial implications of restoring the website.

D : Evaluating the website-s security measures and the impact of defacement on public trust and service availability.

Answer: D

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