Free PCI Risk Assessment & Mitigation Questions and Answers — Questions and Answers
Question 1: What is the first step in risk assessment?
- Risk identification (Correct answer)
- Risk evaluation
- Risk treatment
- Risk communication
Correct answer: Risk identification
Risk assessment systematically identifies and evaluates potential threats. The very first step, risk identification, involves pinpointing and describing all possible risks that could impact an organization. Without knowing what risks exist, it's impossible to proceed with evaluating, treating, or communicating them effectively.
Question 2: Which of the following is a key component of risk mitigation?
- Increasing system vulnerabilities
- Implementing security measures (Correct answer)
- Ignoring risks
- Taking no action
Correct answer: Implementing security measures
Risk mitigation focuses on reducing the likelihood or impact of identified risks. Implementing security measures, such as firewalls, encryption, and access controls, directly addresses vulnerabilities and protects assets from potential threats. This proactive approach is essential for preventing security incidents and minimizing their consequences.
Free PCI Risk Assessment & Mitigation Questions and Answers
What is the first step in risk assessment?