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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.
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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. RMF
risk management framework
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
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.

2. Reputation risk
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 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 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 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

3. EL
expected loss
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
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.

4. Risk analysis
risk management framework
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
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
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

5. Enterprise risk management (ERM)
Methodology for Information Systems Risk Analysis and Management
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
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
British Standards Institution

6. IT risk issue
A (graphic) tool for ranking and displaying risk by defined ranges for frequency and magnitude
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 probable situation with uncertain frequency and magnitude of loss (or gain)
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk

7. Risk transfer
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
A measure of the potential severity of loss or the potential gain from realized events/scenarios
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
expected loss

8. Detective control
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.
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
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
Exists to detect and report when errors - omissions and unauthorized uses or entries occur

9. COBIT
Any event during which a threat event results in loss. Scope Note: From Jones - J.; 'FAIR Taxonomy -' Risk Management Insight - USA - 2008
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
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

10. Evidence
international organization for standards
The management of risk through the use of countermeasures and controls
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
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation

11. Authentication
The individual(s) and department(s) responsible for the storage and safeguarding of computerized data
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
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
Standards standards published by: ISACA

12. RMIS
risk management information systems
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
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data
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

13. 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
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.
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 measure of the potential severity of loss or the potential gain from realized events/scenarios

14. Business process owner
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 management information systems
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 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

15. Impact analysis
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 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 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 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

16. Frequency
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
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
A measure of the rate by which events occur over a certain period of time
The translation of the enterprise's mission from a statement of intention into performance targets and results

17. Access rights
certified in risk and information systems control
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
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
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

18. Internal controls
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
committee of sponsoring organizations
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

19. cusum
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
A measure of the rate by which events occur over a certain period of time
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
cumulative summary. each value is added for a cummulative total.

20. Magnitude
statistical process control
A measure of the potential severity of loss or the potential gain from realized events/scenarios
A measure of the rate by which events occur over a certain period of time
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation

21. CSF
business continuity planning
critical success factor
operationally critical threat and vulnerability evaluation
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

22. Business impact analysis/assessment (BIA)
Carnegie Mellon University
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 policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
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

23. Threat analysis
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
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
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
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect

24. Project portfolio
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
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
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.
British Standards Institution

25. Objectivity
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
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
The ability to exercise judgment - express opinions and present recommendations with impartiality
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise

26. Governance
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
A condition that can influence the frequency and/or magnitude and - ultimately - the business impact of IT-related 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
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk

27. BPR
Exists to detect and report when errors - omissions and unauthorized uses or entries occur
Business Process Reengineering
Software Engineering Institute
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.

28. SPC
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
The ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
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
statistical process control

29. Inherent risk
Carnegie Mellon University
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. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT 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

30. BSI
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
The net effect - positive or negative - on the achievement of business objectives
British Standards Institution
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

31. Business risk
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 probable situation with uncertain frequency and magnitude of loss (or gain)
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
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems

32. Risk factor
risk management information systems
Failure modes effects analysis
A condition that can influence the frequency and/or magnitude and - ultimately - the business impact of IT-related events/scenarios
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

33. Integrity
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 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
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
certified in risk and information systems control

34. Risk aggregation
A description of the overall (identified) IT risk to which the enterprise is exposed
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
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
expected loss

35. BCP
business process modeling
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
business continuity planning
The ability to exercise judgment - express opinions and present recommendations with impartiality

36. IT infrastructure
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 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
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
committee of sponsoring organizations

37. SIE
critical success factor
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
international organization for standards
Software Engineering Institute

38. Feasibility study
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
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
Carnegie Mellon University
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

39. IT risk
Methodology for Information Systems Risk Analysis and Management
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. 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 business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise

40. Risk tolerance
British Standards Institution
The acceptable level of variation that management is willing to allow for any particular risk as the enterprise pursues its objectives
committee of sponsoring organizations
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

41. Threat event
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
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
expected loss
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

42. Risk mitigation
The management of risk through the use of countermeasures and controls
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 weakness in the design - implementation - operation or internal control of a process that could expose the system to adverse threats from threat events
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.

43. Capability Maturity Model (CMM)
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 processes - rules and deployment mechanisms that control access to information systems - resources and physical access to premises
risk management framework
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

44. Asset
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 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.
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
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

45. Capability
The process for systematically avoiding risk - constituting one approach to managing risk
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
The amount of time allowed for the recovery of a business function or resource after a disaster occurs
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

46. Business case
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
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
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 amount of time allowed for the recovery of a business function or resource after a disaster occurs

47. Event type
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 business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
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.
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

48. IEC
expected loss
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
international electrotechnical commission
Exists to detect and report when errors - omissions and unauthorized uses or entries occur

49. Data owner
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
A plan used by an enterprise to respond to disruption of critical business processes. Depends on the contingency plan for restoration of critical systems
Carnegie Mellon University
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data

50. Loss event
Any event during which a threat event results in loss. Scope Note: From Jones - J.; 'FAIR Taxonomy -' Risk Management Insight - USA - 2008
Methodology for Information Systems Risk Analysis and Management
A measure of the potential severity of loss or the potential gain from realized events/scenarios
business continuity planning

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