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CRISC Information Systems Control

Subjects : certifications, crisc, it-skills

Instructions:

Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can study here.
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. Business impact
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
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
The description of an IT-related event that can lead to a business impact IT-related incident An IT-related event that causes an operational - developmental and/or strategic business impact
The net effect - positive or negative - on the achievement of business objectives

2. Magnitude
A measure of the potential severity of loss or the potential gain from realized events/scenarios
The translation of the enterprise's mission from a statement of intention into performance targets and results
Standards standards published by: ISACA
The process for systematically avoiding risk - constituting one approach to managing risk

3. ISO
expected loss
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives
international organization for standards
commission

4. Risk indicator
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
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
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

5. Loss event

6. Threat event
expected loss
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 probable situation with uncertain frequency and magnitude of loss (or gain)
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

7. Key risk indicator (KRI)
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.
Methodology for Information Systems Risk Analysis and Management
British Standards Institution
Anything (e.g. - object - substance - human) that is capable of acting against an asset in a manner that can result in harm. Scope Note: A potential cause of an unwanted incident (ISO/IEC 13335)

8. IT risk register
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
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.
enterprise risk management
international organization for standards

9. Confidentiality
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 remaining risk after management has implemented a risk response
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
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information

10. CSF
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
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
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
critical success factor

11. Risk avoidance
The process for systematically avoiding risk - constituting one approach to managing risk
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
risk control self assessment
committee of sponsoring organizations

12. MAGERIT
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
critical success factor
committee of sponsoring organizations
Methodology for Information Systems Risk Analysis and Management

13. IT infrastructure

14. RMF
A condition that can influence the frequency and/or magnitude and - ultimately - the business impact of IT-related events/scenarios
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
risk management framework
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

15. Capability
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
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
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.
An aptitude - competency or resource that an enterprise may possess or require at an enterprise - business function or individual level that has the potential - or is required - to contribute to a business outcome and to create value

16. Residual risk
Software Engineering Institute
The remaining risk after management has implemented a risk response
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
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

17. RCSA
risk control self assessment
international organization for standards
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
commission

18. COSO
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
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
committee of sponsoring organizations
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise

19. Evidence
operationally critical threat and vulnerability evaluation
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 remaining risk after management has implemented a risk response
A further development of the business goals into tactical targets and desired results and outcomes

20. IT risk
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
The processes - rules and deployment mechanisms that control access to information systems - resources and physical access to premises
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
A measure of the potential severity of loss or the potential gain from realized events/scenarios

21. BCP
business continuity planning
critical success factor
A measure of the potential severity of loss or the potential gain from realized events/scenarios
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

22. Feasibility study
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
risk management framework
The individual responsible for identifying process requirements - approving process design and managing process performance. Scope Note: Must be at an appropriately high level in the enterprise and have authority to commit resources to process-specif
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

23. Project portfolio
Exists to detect and report when errors - omissions and unauthorized uses or entries occur
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
The set of projects owned by a company. Scope Note: It usually includes the main guidelines relative to each project - including objectives - costs - time lines and other information specific to the project.
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

24. Application controls
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 and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved
business continuity planning
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

25. Event
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
Something that happens at a specific place and/or time
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 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

26. Vulnerability
Control Objectives for Information and Related Technology
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
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 weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events

27. SPC
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
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
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
statistical process control

28. Integrity
statistical process control
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
cumulative summary. each value is added for a cummulative total.
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

29. Risk analysis
commission
operationally critical threat and vulnerability evaluation
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
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives

30. Enterprise Resource Planning (ERP)
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
The description of an IT-related event that can lead to a business impact IT-related incident An IT-related event that causes an operational - developmental and/or strategic business impact
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
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

31. BSI
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
British Standards Institution
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
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.

32. IEC
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data
international electrotechnical commission
A description of the overall (identified) IT risk to which the enterprise is exposed

33. BPR
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
Business Process Reengineering
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation

34. standards publisher of IT Audit and Assurance
Standards standards published by: ISACA
The description of an IT-related event that can lead to a business impact IT-related incident An IT-related event that causes an operational - developmental and/or strategic business impact
certified in risk and information systems control
statistical process control

35. 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
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
committee of sponsoring organizations
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

36. Business process owner
The individual responsible for identifying process requirements - approving process design and managing process performance. Scope Note: Must be at an appropriately high level in the enterprise and have authority to commit resources to process-specif
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
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.
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service

37. Asset
An aptitude - competency or resource that an enterprise may possess or require at an enterprise - business function or individual level that has the potential - or is required - to contribute to a business outcome and to create value
Control Objectives for Information and Related Technology
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data

38. CRISC
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
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
certified in risk and information systems control
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives

39. treadway
The policies - procedures and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved
critical success factor
commission
The individual responsible for identifying process requirements - approving process design and managing process performance. Scope Note: Must be at an appropriately high level in the enterprise and have authority to commit resources to process-specif

40. Computer emergency response team (CERT)
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 remaining risk after management has implemented a risk response
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
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

41. Event type
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 and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information

42. Enterprise risk management (ERM)

43. FMEA
Failure modes effects analysis
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
international organization for standards
enterprise risk management

44. Risk appetite
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
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.
The translation of the enterprise's mission from a statement of intention into performance targets and results

45. Business risk
A probable situation with uncertain frequency and magnitude of loss (or gain)
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
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
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

46. Control risk self-assessment
A measure of the potential severity of loss or the potential gain from realized events/scenarios
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.
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data
Preserving authorized restrictions on access and disclosure - including means for protecting privacy and proprietary information

47. RMIS
risk management information systems
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 process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect

48. Risk culture
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
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
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 remaining risk after management has implemented a risk response

49. Internal controls
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.
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.
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
risk control self assessment

50. Key performance indicator (KPI)
Methodology for Information Systems Risk Analysis and Management
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
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 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.