LP - Risk Management Flashcards
1
Q
Residual risk =
A
inherent risk - safeguards (controls)
2
Q
The four major ways indentification and assessment of risk:
A
- continuous
- Ad hoc
- recurring
*one-time
3
Q
Five key elements of risk analysis
A
- Assets or an asset class
- Incidentor scenario
- Timeframe
- Impact
- Likelihood or probability
4
Q
Class quantitative Analysis (Whitman)
A
- AV (asset value)
- EF (exposure factor)
- SLE (single loss expectancy)
- ARO (annualized rate of occurrence)
- ALE (annialized loss expectancy)
5
Q
To calculate the SLE (single loss expectancy)
A
asset value (AV) * exposure factor (EF)
6
Q
To calculate ALE (annualized loss expectancy)
A
single loss expectancy (SLE) * annualized rate of occurrence (ARO)
7
Q
KRIs stands for
A
Key risk indicators
8
Q
BIA stands for
A
Business Impact Analysis
9
Q
The RTO must be less than the
A
MTD
10
Q
RTO stands for
A
Recovery time objective
11
Q
MTD stands
A
maximum tolerable downtime
12
Q
MTD or MAD stands for
A
maximum tolerable downtime or maxium allowable downtime
13
Q
When the MTD is exceeded the what is triggered
A
DRP (disaster recovery plan)
14
Q
RPO stands for
A
recovery point object
