CompTIA Security+ Question K-89

Which of the following MOST specifically defines the procedures to follow when scheduled system patching fails resulting in system outages?

A. Risk transference
B. Change management
C. Configuration management
D. Access control revalidation

Answer: B

Change Management is a risk mitigation approach and refers to the structured approach that is followed to secure a company’s assets. In this case ‘scheduled system patching’.

CompTIA Security+ Question I-60

A network administrator has identified port 21 being open and the lack of an IDS as a potential risk to the company. Due to budget constraints, FTP is the only option that the company can is to transfer data and network equipment cannot be purchased. Which of the following is this known as?

A. Risk transference
B. Risk deterrence
C. Risk acceptance
D. Risk avoidance

Answer: C

CompTIA Security+ Question H-45

Which of the following provides the BEST explanation regarding why an organization needs to implement IT security policies?

A. To ensure that false positives are identified
B. To ensure that staff conform to the policy
C. To reduce the organizational risk
D. To require acceptable usage of IT systems

Answer: C

Once risks has been identified and assessed then there are five possible actions that should be taken. These are: Risk avoidance, Risk transference, Risk mitigation, Risk deterrence and Risk acceptance. Anytime you engage in steps to reduce risk, you are busy with risk mitigation and implementing IT security policy is a risk mitigation strategy.

CompTIA Security+ Question E-24

Emily, the Chief Security Officer (CSO), has had four security breaches during the past two years.
Each breach has cost the company $3,000. A third party vendor has offered to repair the security hole in the system for $25,000. The breached system is scheduled to be replaced in five years.
Which of the following should Emily do to address the risk?

A. Accept the risk saving $10,000.
B. Ignore the risk saving $5,000.
C. Mitigate the risk saving $10,000.
D. Transfer the risk saving $5,000.

Answer: D

Risk transference involves sharing some of the risk burden with someone else, such as an insurance company. The cost of the security breach over a period of 5 years would amount to $30,000 and it is better to save $5,000.