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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. SPC
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service
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
statistical process control
A measure of the rate by which events occur over a certain period of time

2. Threat event
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
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 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

3. CRISC
committee of sponsoring organizations
A further development of the business goals into tactical targets and desired results and outcomes
certified in risk and information systems control
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

4. FMEA
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
A condition that can influence the frequency and/or magnitude and - ultimately - the business impact of IT-related events/scenarios
international electrotechnical commission
Failure modes effects analysis

5. Loss event

6. 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 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
A measure of the potential severity of loss or the potential gain from realized events/scenarios
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

7. ERM
statistical process 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
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
enterprise risk management

8. Risk indicator
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 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
The policies - procedures and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved

9. Business process owner
Methodology for Information Systems Risk Analysis and Management
Carnegie Mellon University
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
certified in risk and information systems control

10. Detective control
Exists to detect and report when errors - omissions and unauthorized uses or entries occur
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 amount of time allowed for the recovery of a business function or resource after a disaster occurs
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

11. IT risk
certified in risk and information systems control
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
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
The management of risk through the use of countermeasures and controls

12. Information systems (IS)
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
A probable situation with uncertain frequency and magnitude of loss (or gain)
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 management of risk through the use of countermeasures and controls

13. Risk analysis
enterprise risk management
The net effect - positive or negative - on the achievement of business objectives
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 process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service

14. Risk transfer
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 net effect - positive or negative - on the achievement of business objectives
risk management framework
The process of assigning risk to another enterprise - usually through the purchase of an insurance policy or by outsourcing the service

15. IT risk profile
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
Guarding against improper information modification or destruction - and includes ensuring information non-repudiation and authenticity
A description of the overall (identified) IT risk to which the enterprise is exposed
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. 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.
commission
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
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.

17. Access control
The processes - rules and deployment mechanisms that control access to information systems - resources and physical access to premises
commission
expected loss
Business Process Reengineering

18. Authentication

19. 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 ability of a system or network to resist failure or to recover quickly from any disruption - usually with minimal recognizable effect
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

20. cusum
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
cumulative summary. each value is added for a cummulative total.
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
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.

21. Enterprise Resource Planning (ERP)
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 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 process for systematically avoiding risk - constituting one approach to managing risk
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

22. Project portfolio
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 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 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 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

23. Business objective
statistical process control
Failure modes effects analysis
critical success factor
A further development of the business goals into tactical targets and desired results and outcomes

24. Key performance indicator (KPI)
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
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 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
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

25. 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.
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 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 management of risk through the use of countermeasures and controls

26. IT architecture

27. Reputation risk

28. CSF
The process for systematically avoiding risk - constituting one approach to managing risk
critical success factor
A condition that can influence the frequency and/or magnitude and - ultimately - the business impact of IT-related events/scenarios
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

29. OCTAVE
international organization for standards
operationally critical threat and vulnerability evaluation
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

30. Fallback procedures
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
international electrotechnical commission
international organization for standards
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

31. Recovery point objective (RPO)
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
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
The process for systematically avoiding risk - constituting one approach to managing risk

32. ISO
The management of risk through the use of countermeasures and controls
international organization for standards
international electrotechnical commission
The process for systematically avoiding risk - constituting one approach to managing risk

33. Internal controls
The management of risk through the use of countermeasures and controls
business process modeling
The policies - procedures - practices and organizational structures designed to provide reasonable assurance that business
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

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

35. CMU
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
enterprise risk management
Carnegie Mellon University
Software Engineering Institute

36. MAGERIT
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
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
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
Methodology for Information Systems Risk Analysis and Management

37. Disaster recovery plan (DRP)
operationally critical threat and vulnerability evaluation
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 business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise
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

38. System development life cycle (SDLC)
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
The management of risk through the use of countermeasures and controls
Something of either tangible or intangible value that is worth protecting - including people - information - infrastructure - finances and reputation
The ability to exercise judgment - express opinions and present recommendations with impartiality

39. IEC
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 electrotechnical commission
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 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

40. IT infrastructure

41. Threat
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)
Any event during which a threat element/actor acts against an asset in a manner that has the potential to directly result in harm
operationally critical threat and vulnerability evaluation
cumulative summary. each value is added for a cummulative total.

42. RMF
expected loss
risk management framework
critical success factor
The business risk associated with the use - ownership - operation - involvement - influence and adoption of IT within an enterprise

43. RMIS
risk management information systems
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
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
A further development of the business goals into tactical targets and desired results and outcomes

44. Data owner
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 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
The amount of risk - on a broad level - that an entity is willing to accept in pursuit of its mission
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data

45. Enterprise risk management (ERM)

46. SIE
The policies - procedures and activities designed to provide reasonable assurance that objectives relevant to a given automated solution (application) are achieved
The individual(s) - normally a manager or director - who has responsibility for the integrity - accurate reporting and use of computerized data
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
Software Engineering Institute

47. BPR
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
Business Process Reengineering
risk control self assessment
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

48. COSO
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
committee of sponsoring organizations
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 description of the overall (identified) IT risk to which the enterprise is exposed

49. Frequency
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
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 measure of the rate by which events occur over a certain period of time
Control Objectives for Information and Related Technology

50. IT risk issue
The process of integrating risk assessments at a corporate level to obtain a complete view on the overall risk for the enterprise
1. An instance of IT risk 2. A combination of control - value and threat conditions that impose a noteworthy level of IT risk
A description of the overall (identified) IT risk to which the enterprise is exposed
operationally critical threat and vulnerability evaluation