WPS2 Part 1 Quiz

What does CRMM stand for?

• Cyber Risk Management Model

• Cybersecurity Risk Monitoring Method

• Cybersecurity Risk Management

• Critical Risk Mitigation Measures

What is the primary purpose of Cybersecurity Risk Management (CRMM)?

•  Enhancing organizational efficiency

• Identifying and mitigating cyber threats

• Streamlining IT asset management

• Improving customer satisfaction

Why is CRMM particularly important in Singapore?

•  Due to the high cost of cyber incidents

• To comply with international regulations

• Because of the reliance on technology in the digital economy

• To promote global cybersecurity initiatives

Which of the following is NOT listed as a benefit of CRMM?

• Protecting critical assets

• Ensuring regulatory non-compliance

•  Ensuring business continuity

• Reducing costs associated with cyber incidents

What is the first step in the CRMM process?

• Prioritizing risks

•  Implementing cybersecurity controls

• Identifying assets and risks

• Assessing likelihood and impact of risks

What is used to prioritize risks in CRMM?

•  Cybersecurity governance frameworks

•  Risk assessment matrix

•  Employee feedback surveys

• Quarterly financial reports

Which of the following is NOT a risk treatment option in CRMM?

•  Avoid

• Accept

• Enhance

• Mitigate

Which type of control aims to block unauthorized access and protect sensitive data?

• Preventive

• Detective

• Corrective

• Proactive

What is the purpose of continuous monitoring and improvement in CRMM?

• To increase upfront costs

• To satisfy regulatory audits

•  To address evolving threats and vulnerabilities

• To decrease employee turnover

Which of the following is NOT listed as a popular cybersecurity framework?

• NIST Cybersecurity Framework

• ISO 9001

• Singapore Cybersecurity Act

•  ISO 27001