Section VI: Risk Data Management Flashcards
What are the five primary functions of Data Management?
- Data Access (where to find and retrieve data)
- Data Governance (rules and standards)
- Data Integration (combines data from multiple sources)
- Data Preparation and Capture (internal and external processes)
- Data Quality (ensures data is current, valid, and appropriate)
Big Data differs from traditional data in what 5 ways? (hint: they all start with the letter V)
- Variety (structures and unstructured)
- Value (more analytical value)
- Velocity (speed that data arrives)
- Veracity (completeness and accuracy)
- Volume (enormous amounts of data)
What are the three main benefits to a comprehensive data management program?
- Access
- Decision-making
- Efficiency
What is a Bad Actor?
A malicious individual actively and continually seeking new ways to disrupt computer operations and make cyber threat/engage in cyber espionage.
What are the four threats to Data Management?
- Bad Actors
- Carelessness
- Malware
- Ransomware
Define Risk Management Framework( RMF)
A specific approach to addressing data-related risk issues.
What six essential tasks does an RMF require a company to complete?
- Authorize Data Workflow
- Categorize Data
- Choose Controls
- Evaluate Security Risks
- Implement Response Plan
- Monitor
What are the four things a company should to do develop an effective data security program?
- Effectively define security policies and procedures
- Implement strong password protection
- Manage all user’s access to data
- Utilize secure backup procedures
What are the eight essential recommended practices to improve data security?
- Antivirus Software
- Encryption
- Firewall
- Limit File Sharing
- Off-Site Backup
- Privacy Programs
- Remove Old Files
- Update Software Automatically
What are the four goals of Data Governance?
- Accuracy
- Completeness
- Timeliness
- Validity
What are the five core processes for Data Governance?
- Administer new policies and standards
- Create plans and practices that make communication more effective
- Identify and establish best practices
- Implement monitoring measures and controls
- Manipulate Big Data
What are the four main responsibilities of the Data Governance Committee?
- Create and maintain cross-functional data interactions
- Monitor internal data projects for consistency with corporate strategy
- Minimize conflicts, redundancies, and inefficiencies
- Respond to data-related problems
What are the five main benefits of a Data Governance Committee?
- Coordination of data management in a unified fashion
- Consolidated data requests
- Consistent procedures for managing data
- Superior access to data for the entire organization
What are the four major categories of data governance tools?
- Collaboration (software tools and platforms)
- External (policies and procedures for external data sources)
- Internal (internal policies and procedures)
- Models (integrated view of data used in organization)
What are the six core principles of data quality?
- Accuracy
- Completeness
- Data Lineage
- Reasonability
- Timeliness
- Validity
What are the five defining characteristics of data quality?
- Appropriateness
- Comprehensiveness
- Limitations and Alternatives
- Reasonableness
- Sampling Methods
What are the six distinct dimensions of Stored Data Quality?
- Flexibility
- Granularity
- Organizational Consistency
- Precision
- Record Consistency
- Representational Consistency
What is Metadata?
It gives information about other data and is normally attached to the data it references.
What is the purpose of the General Data Protection Regulation (GDPR)?
It regulates the collection of personal data outside of the European Union and provides data privacy for EU citizens during financial transactions.
What is the fine for a violation of the GDPR?
Up to $20M Euros or 4% of the total worldwide annual turnover of the previous financial year, whichever is greatest.
What are the six GDPR guidelines governing personal data-sharing?
- Copy of Data
- Data Consent
- Data Transfer Consent
- Parental Consent
- Partial Consent Option
- Withdrawal Option
How does the GDPR apply to the US?
Any company that stores data on EU residents is subject to a fine if the company fails to comply with GDPR.
Under GDPR, a data controller has what three essential tasks?
- Define how personal data is processed
- Determine the purpose for which data is processed
- Ensure outside contractors are in compliance
