Suppose you are working in Techmart Inc. which sells various products through its website. Due to some recent losses, you are trying to identify the most important risks to the Website. Based on feedback from several experts, you have come up with a list. You now want to prioritize these risks. Now in which category you would put the risk concerning the modification of the Website by unauthorized parties.

• A.Ping Flooding Attack
• B.Web defacing
• C.Denial of service attack
• D.FTP Bounce Attack
• E.Explanation:
  Website defacing is an attack on a website by unauthorized party that changes the visual appearance of the site or a webpage. These are typically the work of system crackers, who break into a web server and replace the hosted website with one of their own.

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While considering entity-based risks, which dimension of the COSO ERM framework is being referred?

• A.Organizational levels
• B.Risk components
• C.Strategic objectives
• D.Risk objectives

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Suppose you are working in Techmart Inc. which sells various products through its website. Due to some recent losses, you are trying to identify the most important risks to the Website. Based on feedback from several experts, you have come up with a list. You now want to prioritize these risks. Now in which category you would put the risk concerning the modification of the Website by unauthorized parties.

• A.Ping Flooding Attack
• B.Web defacing
• C.Denial of service attack
• D.FTP Bounce Attack

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What are the requirements for creating risk scenarios? Each correct answer represents a part of the solution. Choose three.

• A.Determination of cause and effect
• B.Determination of the value of business process at risk
• C.Potential threats and vulnerabilities that could cause loss
• D.Determination of the value of an asset
• E.Explanation:
  Creating a scenario requires determination of the value of an asset or a business process at risk and the potential threats and vulnerabilities that could cause loss. The risk scenario should be
  assessed for relevance and realism, and then entered into the risk register if found to be relevant.
  In practice following steps are involved in risk scenario development:
  First determine manageable set of scenarios, which include:
  Frequently occurring scenarios in the industry or product area.
  Scenarios representing threat sources that are increasing in count or severity level.
  Scenarios involving legal and regulatory requirements applicable to the business.
  After determining manageable risk scenarios, perform a validation against the business objectives
  of the entity.
  Based on this validation, refine the selected scenarios and then detail them to a level in line with
  the criticality of the entity.
  Lower down the number of scenarios to a manageable set. Manageable does not signify a fixed
  number, but should be in line with the overall importance and criticality of the unit.
  Risk factors kept in a register so that they can be reevaluated in the next iteration and included for
  detailed analysis if they have become relevant at that time.
  Risk factors kept in a register so that they can be reevaluated in the next iteration and included for
  detailed analysis if they have become relevant at that time.
  Include an unspecified event in the scenarios, that is, address an incident not covered by other
  scenarios.

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A global organization is considering the acquisition of a competitor. Senior management has requested a review of the overall risk profile from the targeted organization.
Which of the following components of this review would provide the MOST useful information?

• A.Risk appetite statement
• B.Risk management policies
• C.Risk register
• D.Enterprise risk management framework

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