CISSP® Certification Domain 1 Security and Risk Management Video Boot Camp for 2022 - Risk Management - Assessment Part

The video tutorial covers the process of risk assessment, including qualitative and quantitative analysis, risk mitigation strategies, and the importance of cost-benefit analysis. It discusses various risk management strategies such as transference, acceptance, and avoidance, and emphasizes the need for thorough assessment and analysis of current countermeasures. Key concepts like threat, vulnerability, and impact are defined, providing a comprehensive understanding of risk management.

What is the primary goal of conducting a risk assessment?

• To eliminate all risks

• To ignore potential risks

• To identify and analyze risks

• To increase the number of risks

Which risk strategy involves reducing risk to an acceptable level?

• Risk acceptance

• Risk transference

• Risk mitigation

• Risk avoidance

How does risk transference typically occur?

• By accepting the risk

• By eliminating the risk

• By buying insurance

• By ignoring the risk

What is the term for the risk that remains after implementing countermeasures?

• Accepted risk

• Residual risk

• Total risk

• Avoided risk

What is the difference between qualitative and quantitative risk analysis?

• Both are opinion-based

• Qualitative is opinion-based, quantitative is fact-based

• Qualitative is fact-based, quantitative is opinion-based

• Both are fact-based

What does the equation 'risk equals threat times vulnerability' signify?

• Risk is the difference between threat and vulnerability

• Risk is independent of threat and vulnerability

• Risk is the sum of threat and vulnerability

• Risk is the product of threat and vulnerability

Why might impact be added to the risk calculation?

• To simplify the calculation

• To reduce the risk

• To consider additional factors

• To ignore the threat