SSCP Risk Management Process Questions and Answers

Question 1

A security team has completed a risk assessment and identified several vulnerabilities in their network infrastructure.
Management has allocated a limited budget for remediation.
Which of the following is the MOST critical next step in the risk management process?

Accepted Answer

Prioritize risks based on their potential impact and likelihood of occurrence.

Answer

Implement security controls for all identified vulnerabilities.

Answer

Transfer all identified risks by purchasing a comprehensive cybersecurity insurance policy.

Answer

Initiate a new risk assessment to validate the initial findings.

Question 2

An organization decides to discontinue offering a public-facing web service because the associated risks of data breaches and DDoS attacks are deemed too high to justify the business benefit. Which risk treatment option does this action represent?

Accepted Answer

Avoidance

Answer

Mitigation

Answer

Transference

Answer

Acceptance

Question 3

A security practitioner is performing a risk analysis that uses a 1-5 rating scale for likelihood and impact to categorize risks as low, medium, or high. What type of risk analysis is being conducted?

Accepted Answer

Qualitative

Answer

Quantitative

Answer

Residual

Answer

Inherent

Question 4

Which of the following BEST describes the primary purpose of a risk register?

Accepted Answer

To document and track identified risks, their analysis, and the planned responses.

Answer

To provide a detailed technical guide for implementing security controls.

Answer

To serve as a legally binding agreement for risk transference with a third party.

Answer

To automatically remediate vulnerabilities as they are discovered on the network.

Question 5

A company is implementing a risk management program based on the NIST Risk Management Framework (RMF). After preparing the organization, what is the immediate next step in the process?

Accepted Answer

Categorize information systems.

Answer

Assess security controls.

Answer

Implement security controls.

Answer

Authorize the information system.

Question 6

During a risk assessment, the security team determines that the Annualized Loss Expectancy (ALE) for a specific threat is $15,000. They implement a new security control that costs $3,000 annually. After implementation, the new ALE is calculated to be $4,000. The risk that remains after implementing the control is known as:

Accepted Answer

Residual risk

Answer

Inherent risk

Answer

Total risk

Answer

Risk appetite