MAF682 TECHNOLOGY AND CYBER RISKS

Technology risk is a _______ risk like other type of risks, therefore it creates both threats as well as opportunities for organizations

Which is NOT the way to mitigate the technology risk?

• Secure Endpoint

• Reinforce Network Infrastructure

• Monitor And Analyze Security Threats Continuously

• Analyze fraud detection and deterrence

What is the potential impact of technology failure or breach?

• Financial Losses

• Data Exposure

• Operational Disruption

• Insurance Costs

Misconfigured security settings, accidental data exposure, or improper handling of sensitive information.

These are the example of __________

• Human error

• Third - party risks

• Cybersecurity threats

• Hardware failures

Which of the following is an example of a cyber risk source that organizations need to be vigilant about?

A) Natural disasters B) Insider threats C) Competition from other businesses D) Regulatory compliance

Please select the correct option (A, B, C, or D) that best represents a cyber risk source.

• A

• B

• C

• D

What is a "phishing" attack typically designed to do?

A) Install antivirus software on the victim's computer

B) Gain unauthorized access to a network

C) Trick individuals into revealing sensitive information

D) Encrypt the victim's data

• D

• B

• A

• C

What is the main purpose of a firewall in a network security context?

• To steal sensitive data

• To disrupt or overload a target's services

• To deface a website

• To block unwanted network traffic and protect against unauthorized access

Which of the following is a common practice to enhance password security?

• Creating short and easily guessable passwords

• Using the same password for multiple accounts

• Using a combination of uppercase, lowercase letters, numbers, and special characters

• Changing passwords every few years

What is a key component of an effective technology risk management program?

• Conducting risk assessments and vulnerability scanning

• Implementing the latest software and technology trends

• Ignoring potential risks to focus on business growth

• Reducing cybersecurity budgets to minimize expenses

What is a "Data Backup and Recovery" strategy primarily designed to achieve in technology risk management?

• To prevent all data breaches and cyberattacks

• To safeguard data and facilitate its restoration in case of data loss or disasters

• To provide redundancy for hardware and software systems

• To ensure that data is never lost