Chapter 7 - Risk, Response and Recovery Flashcards

1
Q

What is a Risk?

A

A Risk is the likelihood that a threat will exploit a vulnerability that could lead to a loss.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is a Threat?

A

A Threat is any activity that can be a possible danger.

A threat can be adversarial, political, environmental etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is a Vulnerability?

A

A Vulnerability is any weakness in a system/organization.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is a Loss?

A

A loss is any event that represents a negative impact for an organization.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the Risk, Threat and Vulnerability formula?

A

Risk = Threat x Vulnerability

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is a Threat Event?

A

A Threat Event occurs through a threat source.

A TA launches a SQL injection attack.

Threat Source = Threat Actor

Threat Event = SQL injection attack

Vulnerability = Server was susceptible to SQL injection attack

Loss = Data loss, fines etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What are the different threat sources?

A
  1. Adversarial Threat Source:
    - Active threat actors, internal or external to an organization
  2. Accidental Threat Source:
    - Accidents in a workplace such as a user accidentally deleting a database
  3. Structural Threat Source:
    - IT equipment failures or building failures
  4. Environmental Threat Source:
    - Natural disasters such as earthquakes, typhoons etc.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What are the 7 stages of the Cyber Kill Chain?

A
  1. Reconnaissance
  2. Weaponization
  3. Delivery
  4. Exploitation
  5. Installation
  6. Command and Control
  7. Action on Objectives
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What are the different ways risks are treated by organizations?

A

Mitigate:
- Reducing vulnerabilities through the use of controls and safeguards

Avoid:
- Simply avoiding the risk by avoiding the risk activity

Share or Transfer:
- Paying for services such as insurances

Accept:
- An organization can accept a risk typically when cost of asset is less than cost of mitigating the risk

Recast:
- Risk management is constantly evolving and risks must always be reconsidered and recategorized.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is Residual Risk?

A

Residual Risk is the amount of risk that remains post risk mitigation and countermeasures have been put in place.

Residual Risk needs to be at an acceptable level for the organization.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is a Risk Register?

A

A Risk Register is central depository for known risks to an organization.

Also known as a Risk Log, this will also contain the deployed countermeasures in relation to each of the identified risks.

A Risk Score is also associated with each entry to the Risk Register

Risk Score = Probability x Impact

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is the Risk Score formula?

A

Risk Score = Probability x Impact

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is a Common Vulnerability Scoring System (CVSS)?

A

The CVSS is the open standard that organizations use to assess the severity of security system vulnerabilities.

Vulnerabilities are scored between 0 - 10 with 10 being the most severed.

Scores are based on several metrics, these are categorized as Base and Impact metrics.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What are the CVSS Base Metrics?

A

Access Vector:
- How might the vulnerability be exploited

Access Complexity:
- How much technical knowledge is required to exploit the discovered vulnerability

Authentication:
- The number of times the threat actor must authenticate to exploit the vulnerability.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are the CVSS Impact Metrics?

A

The impact metrics are all of the CIA triad.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What are the two different Risk Management Frameworks Frameworks?

A

NIST SP 800-37

ISO 31000:2018

17
Q

What is the difference between a Risk Assessment and Risk Management?

A

Risk Assessment is a point in time analysis

Risk Management is an ongoing practice

18
Q

What is Threat Modelling?

A

Threat Modelling attempts to predict and model an attack against a system using various tools.

Step 1: Identify and Characterize the system & data of interest
- Evaluation of the data flowing through the system

Step 2: Identify and Select the attack vectors included in the model
- What types of attack and tools are to be used in the system

Step 3: Identification of security controls to mitigate the attack
- Security controls in place to mitigate the attack is identified and evaluated

Step 4: Threat Model analysis
- The threat model is analysed holistically to evaluate the entire system along with suggestion of improvements and additional counter measures

19
Q

What is Quantitative Analysis?

A

Quantitative Analysis is the numerical analysis to identify potential costs and associated risks to an organization.

Analysis is put into monetary terms to best identify costs, and their justifications to organizations.

20
Q

What is Single Loss Expectancy (SLE)?

A

Single Loss Expectancy is the cost associated to a single occurrence of a risk event.

A total destruction of a site would cost = £x amount

21
Q

What is Exposure Factor (EF)?

A

Exposure Factor is the magnitude of a loss as a percentage of an asset value.

How much exposure is associated with a risk event.

If a building is insured for 75% of its total value, the organizations’ exposure would be 25% of the building’s total value.

Single Loss Expectancy with Exposure Factor = SLE * EF%

22
Q

What is Annual Rate of Occurrence (ARO)?

A

The Annual Rate of Occurrence is how often a SLE is expected to occur in a yearly basis.

23
Q

What is Annual Loss Expectancy (ALE)?

A

Annual Loss Expectancy is the annual cost of a risk event.

Annual Loss Expectancy = Single Loss Expectancy * Annual Rate of Occurrence.

For example:

Service Loss has a ARO = 5

Service Loss has SLE = £10,000

Annual Loss Expectancy = £50,000

24
Q

What is Cost of Control (COC)?

A

Cost of Control is the cost of implementing a control.

This can be calculated as a one off cost or continual cost to maintain the control.

25
Q

What is Qualitative Analysis?

A

Qualitative Analysis is the subjective analysis of risk management.

Often difficult to be backed up by data but provides a good way to determine which risk needs to be addressed first.

A Qualitative Risk matrix typically used where:

Y-axis = Event Likelihood

X-axis = Event Impact

26
Q

What are the 6 steps associated with the Incident Lifecycle Management?

A
  1. Preparation
  2. Detection, Analysis and Escalation
  3. Containment
  4. Eradication
  5. Recovery
  6. Lessons Learned