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CRISC Information Systems Control

Subjects : certifications, crisc, it-skills

Instructions:

Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. EL
cumulative summary. each value is added for a cummulative total.
operationally critical threat and vulnerability evaluation
expected loss
Ensures that stakeholder needs - conditions and options are evaluated to determine balanced - agreed-on enterprise objectives to be achieved; setting direction through prioritization and decision making; and monitoring performance and compliance agai

2. IT risk profile
A description of the overall (identified) IT risk to which the enterprise is exposed
The policies - procedures and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved
The process for systematically avoiding risk - constituting one approach to managing risk
The set of shared values and beliefs that governs attitudes toward risk-taking - care and integrity - and determines how openly risk and losses are reported and discussed

3. Risk indicator
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data
critical success factor
A further development of the business goals into tactical targets and desired results and outcomes
A metric capable of showing that the enterprise is subject to - or has a high probability of being subject to - a risk that exceeds the defined risk appetite Risk management 1. The coordinated activities to direct and control an enterprise with regar

4. RMIS
risk management information systems
The processes - rules and deployment mechanisms that control access to information systems - resources and physical access to premises
Control Objectives for Information and Related Technology
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems

5. Disaster recovery plan (DRP)
risk management information systems
A measure of the potential severity of loss or the potential gain from realized events/scenarios
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is
A set of human - physical - technical and procedural resources to recover - within a defined time and cost - an activity interrupted by an emergency or disaster

6. FMEA
Failure modes effects analysis
Evaluating the criticality and sensitivity of information assets. An exercise that determines the impact of losing the support of any resource to an enterprise - establishes the escalation of that loss over time - identifies the minimum resources nee
Business Process Reengineering
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data

7. Risk map
A (graphic) tool for ranking and displaying risk by defined ranges for frequency and magnitude
A measure that determines how well the process is performing in enabling the goal to be reached. Scope Note: A lead indicator of whether a goal will likely be reached - and a good indicator of capabilities - practices and skills. It measures an activ
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm

8. BPM
business process modeling
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
1. The risk level or exposure without taking into account the actions that management has taken or might take (e.g. -implementing controls) 2. The risk that a material error could occur - assuming that there are no related internal controls to preven

9. Key risk indicator (KRI)
A study to prioritize the criticality of information resources for the enterprise based on costs (or consequences) of adverse events In an impact analysis - threats to assets are identified and potential business losses determined for different time
The set of hardware - software and facilities that integrates an enterprise's IT assets. Scope Note: Specifically - the equipment (including servers - routers - switches and cabling) - software - services and products used in storing - processing - t
The management of risk through the use of countermeasures and controls
A subset of risk indicators that are highly relevant and possess a high probability of predicting or indicating important risk. Scope Note: See also Risk Indicator.

10. Event type
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
The process for systematically avoiding risk - constituting one approach to managing risk
A metric capable of showing that the enterprise is subject to - or has a high probability of being subject to - a risk that exceeds the defined risk appetite Risk management 1. The coordinated activities to direct and control an enterprise with regar

11. Feasibility study
The process for systematically avoiding risk - constituting one approach to managing risk
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
Carnegie Mellon University
A phase of a system development life cycle (SDLC) methodology that researches the feasibility and adequacy of resources for the development or acquisition of a system solution to a user need

12. Risk culture
The current and prospective effect on earnings and capital arising from negative public opinion. Scope Note: Reputation risk affects a bank's ability to establish new relationships or services - or to continue servicing existing relationships. It may
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
The set of shared values and beliefs that governs attitudes toward risk-taking - care and integrity - and determines how openly risk and losses are reported and discussed

13. Objectivity
The ability to exercise judgment - express opinions and present recommendations with impartiality
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
The phases deployed in the development or acquisition of a software system. Scope Note: SDLC is an approach used to plan - design - develop - test and implement an application system or a major modification to an application system. Typical phases of

14. IT architecture

15. Vulnerability
The process for systematically avoiding risk - constituting one approach to managing risk
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
The set of hardware - software and facilities that integrates an enterprise's IT assets. Scope Note: Specifically - the equipment (including servers - routers - switches and cabling) - software - services and products used in storing - processing - t

16. treadway
commission
A group of people integrated at the enterprise with clear lines of reporting and responsibilities for standby support in case of an information systems emergency. This group will act as an efficient corrective control - and should also act as a singl
risk management information systems
Failure modes effects analysis

17. cusum
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information
cumulative summary. each value is added for a cummulative total.
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business

18. Preventive control
Ensuring timely and reliable access to and use of information. Balanced scorecard (BSC) Developed by Robert S. Kaplan and David P. Norton as a coherent set of performance measures organized into four categories that includes traditional financial mea
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is
1. The risk level or exposure without taking into account the actions that management has taken or might take (e.g. -implementing controls) 2. The risk that a material error could occur - assuming that there are no related internal controls to preven
An internal control that is used to avoid undesirable events - errors and other occurrences that an enterprise has determined could have a negative material effect on a process or end product

19. IEC
international electrotechnical commission
1. A method to identify interdependencies and interconnections among risk - as well as the effect of risk responses on multiple types of risk 2. A method to estimate the aggregate impact of multiple types of risk (e.g. - cascading and coincidental th
1. The risk level or exposure without taking into account the actions that management has taken or might take (e.g. -implementing controls) 2. The risk that a material error could occur - assuming that there are no related internal controls to preven
1. Contains the essential elements of effective processes for one or more disciplines. It also describes an evolutionary improvement path from ad hoc - immature processes to disciplined - mature processes with improved quality and effectiveness. 2. C

20. Integrity
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data
A subset of risk indicators that are highly relevant and possess a high probability of predicting or indicating important risk. Scope Note: See also Risk Indicator.
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise

21. BPR
A set of human - physical - technical and procedural resources to recover - within a defined time and cost - an activity interrupted by an emergency or disaster
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
risk management information systems
Business Process Reengineering

22. Fallback procedures
A measure of the potential severity of loss or the potential gain from realized events/scenarios
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
A plan of action or set of procedures to be performed if a system implementation - upgrade or modification does not work as intended Scope Note: May involve restoring the system to its state prior to the implementation or change. Fallback procedures

23. Control risk self-assessment
A method/process by which management and staff of all levels collectively identify and evaluate risk and controls with their business areas. This may be under the guidance of a facilitator such as an auditor or risk manager.
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
The discipline by which an enterprise in any industry assesses - controls - exploits - finances and monitors risk from all sources for the purpose of increasing the enterprise's short- and long-term value to its stakeholders
The process for systematically avoiding risk - constituting one approach to managing risk

24. COSO
enterprise risk management
international organization for standards
committee of sponsoring organizations
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri

25. IT risk issue
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
statistical process control
A phase of a system development life cycle (SDLC) methodology that researches the feasibility and adequacy of resources for the development or acquisition of a system solution to a user need
1. The act of verifying identity (i.e. - user - system) Scope Note: Risk: Can also refer to the verification of the correctness of a piece of data 2. The act of verifying the identity of a user and the user's eligibility to access computerized inform

26. Reputation risk

27. Recovery point objective (RPO)
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri
Determined based on the acceptable data loss in case of a disruption of operations. It indicates the earliest point in time that is acceptable to recover the data. The RPO effectively quantifies the permissible amount of data loss in case of interrup
Description of the fundamental underlying design of the IT components of the business - the relationships among them - and the manner in which they support the enterprise's objectives
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events

28. Risk analysis
operationally critical threat and vulnerability evaluation
Any event during which a threat event results in loss. Scope Note: From Jones - J.; 'FAIR Taxonomy -' Risk Management Insight - USA - 2008
Something that happens at a specific place and/or time
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is

29. Availability
A study to prioritize the criticality of information resources for the enterprise based on costs (or consequences) of adverse events In an impact analysis - threats to assets are identified and potential business losses determined for different time
1. The act of verifying identity (i.e. - user - system) Scope Note: Risk: Can also refer to the verification of the correctness of a piece of data 2. The act of verifying the identity of a user and the user's eligibility to access computerized inform
Ensuring timely and reliable access to and use of information. Balanced scorecard (BSC) Developed by Robert S. Kaplan and David P. Norton as a coherent set of performance measures organized into four categories that includes traditional financial mea
cumulative summary. each value is added for a cummulative total.

30. SPC
The discipline by which an enterprise in any industry assesses - controls - exploits - finances and monitors risk from all sources for the purpose of increasing the enterprise's short- and long-term value to its stakeholders
Documentation of the rationale for making a business investment - used both to support a business decision on whether to proceed with the investment and as an operational tool to support management of the investment through its full economic life cyc
statistical process control
1. A process by which frequency and magnitude of IT risk scenarios are estimated. 2. The initial steps of risk management: analyzing the value of assets to the business - identifying threats to those assets and evaluating how vulnerable each asset is

31. Evidence
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
1. Information that proves or disproves a stated issue 2. Information that an auditor gathers in the course of performing an IS audit; relevant if it pertains to the audit objectives and has a logical relationship to the findings and conclusions it i
The net effect - positive or negative - on the achievement of business objectives
The processes - rules and deployment mechanisms that control access to information systems - resources and physical access to premises

32. Risk avoidance
operationally critical threat and vulnerability evaluation
The process for systematically avoiding risk - constituting one approach to managing risk
1. The act of verifying identity (i.e. - user - system) Scope Note: Risk: Can also refer to the verification of the correctness of a piece of data 2. The act of verifying the identity of a user and the user's eligibility to access computerized inform
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data

33. RMF
Something that happens at a specific place and/or time
A enterprise to automate and integrate the majority of its planning. System packaged business software system that allows an business processes - share common data and practices across the entire enterprise - and produce and access information in a r
risk management framework
The discipline by which an enterprise in any industry assesses - controls - exploits - finances and monitors risk from all sources for the purpose of increasing the enterprise's short- and long-term value to its stakeholders

34. BSI
Business Process Reengineering
critical success factor
A probable situation with uncertain frequency and magnitude of loss (or gain)
British Standards Institution

35. Enterprise risk management (ERM)

36. Residual risk
The remaining risk after management has implemented a risk response
1. The act of verifying identity (i.e. - user - system) Scope Note: Risk: Can also refer to the verification of the correctness of a piece of data 2. The act of verifying the identity of a user and the user's eligibility to access computerized inform
1. Contains the essential elements of effective processes for one or more disciplines. It also describes an evolutionary improvement path from ad hoc - immature processes to disciplined - mature processes with improved quality and effectiveness. 2. C
A subset of risk indicators that are highly relevant and possess a high probability of predicting or indicating important risk. Scope Note: See also Risk Indicator.

37. Risk mitigation
A measure that determines how well the process is performing in enabling the goal to be reached. Scope Note: A lead indicator of whether a goal will likely be reached - and a good indicator of capabilities - practices and skills. It measures an activ
A enterprise to automate and integrate the majority of its planning. System packaged business software system that allows an business processes - share common data and practices across the entire enterprise - and produce and access information in a r
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
The management of risk through the use of countermeasures and controls

38. Business impact analysis/assessment (BIA)
Evaluating the criticality and sensitivity of information assets. An exercise that determines the impact of losing the support of any resource to an enterprise - establishes the escalation of that loss over time - identifies the minimum resources nee
risk management framework
The permission or privileges granted to users - programs or workstations to create - change - delete or view data and files within a system - as defined by rules established by data owners and the information security policy
The set of shared values and beliefs that governs attitudes toward risk-taking - care and integrity - and determines how openly risk and losses are reported and discussed

39. Business impact
Control Objectives for Information and Related Technology
Standards standards published by: ISACA
The combination of strategic - managerial and operational activities involved in gathering - processing - storing - distributing and using information and its related technologies Scope Note: Information systems are distinct from information technolo
The net effect - positive or negative - on the achievement of business objectives

40. IT risk register
A repository of the key attributes of potential and known IT risk issues. Attributes may include name - description - owner - expected/actual frequency - potential/actual magnitude - potential/actual business impact - disposition.
A description of the overall (identified) IT risk to which the enterprise is exposed
A plan of action or set of procedures to be performed if a system implementation - upgrade or modification does not work as intended Scope Note: May involve restoring the system to its state prior to the implementation or change. Fallback procedures
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information

41. SIE
Software Engineering Institute
Any event during which a material increase in vulnerability results. Note that this increase in vulnerability can result from changes in control conditions or from changes in threat capability/force.
Control Objectives for Information and Related Technology
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events

42. IT infrastructure

43. Business continuity plan (BCP)
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
Failure modes effects analysis
British Standards Institution

44. Computer emergency response team (CERT)
A weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
A group of people integrated at the enterprise with clear lines of reporting and responsibilities for standby support in case of an information systems emergency. This group will act as an efficient corrective control - and should also act as a singl
A (graphic) tool for ranking and displaying risk by defined ranges for frequency and magnitude
For the purpose of IT risk management - one of three possible sorts of events: threat event - loss event and vulnerability event. Scope Note: Being able to consistently and effectively differentiate the different types of events that contribute to ri

45. Application controls
business process modeling
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
A study to prioritize the criticality of information resources for the enterprise based on costs (or consequences) of adverse events In an impact analysis - threats to assets are identified and potential business losses determined for different time
The policies - procedures and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved

46. CSF
Failure modes effects analysis
critical success factor
Exists to detect and report when errors - omissions and unauthorized uses or entries occur
Carnegie Mellon University

47. Risk tolerance
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives
A group of people integrated at the enterprise with clear lines of reporting and responsibilities for standby support in case of an information systems emergency. This group will act as an efficient corrective control - and should also act as a singl
Any event during which a material increase in vulnerability results. Note that this increase in vulnerability can result from changes in control conditions or from changes in threat capability/force.
1. The risk level or exposure without taking into account the actions that management has taken or might take (e.g. -implementing controls) 2. The risk that a material error could occur - assuming that there are no related internal controls to preven

48. Threat analysis
The ability to exercise judgment - express opinions and present recommendations with impartiality
business process modeling
An evaluation of the type - scope and nature of events or actions that can result in adverse consequences; identification of the threats that exist against enterprise assets Scope Note: The threat analysis usually defines the level of threat and the
A method/process by which management and staff of all levels collectively identify and evaluate risk and controls with their business areas. This may be under the guidance of a facilitator such as an auditor or risk manager.

49. ISO
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
international electrotechnical commission
The process for systematically avoiding risk - constituting one approach to managing risk
international organization for standards

50. Magnitude
Documentation of the rationale for making a business investment - used both to support a business decision on whether to proceed with the investment and as an operational tool to support management of the investment through its full economic life cyc
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
1. The act of verifying identity (i.e. - user - system) Scope Note: Risk: Can also refer to the verification of the correctness of a piece of data 2. The act of verifying the identity of a user and the user's eligibility to access computerized inform
A measure of the potential severity of loss or the potential gain from realized events/scenarios