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CGRC · Question #467

The transfer of risk is one of the five risk treatment methods pointed out in NIST 800-37 Rev 2. Choose an example of risk transfer from the following options. Response:

The correct answer is C. Warranty. Risk transfer is a risk treatment method where the financial or operational impact of a risk is shifted to a third party, as exemplified by a warranty.

Security and Privacy Governance, Risk Management, and Compliance Program

Question

The transfer of risk is one of the five risk treatment methods pointed out in NIST 800-37 Rev 2. Choose an example of risk transfer from the following options. Response:

Options

  • AControl inheritance
  • BControl implementation
  • CWarranty
  • DAvoindance

How the community answered

(30 responses)
  • A
    3% (1)
  • B
    7% (2)
  • C
    87% (26)
  • D
    3% (1)

Why each option

Risk transfer is a risk treatment method where the financial or operational impact of a risk is shifted to a third party, as exemplified by a warranty.

AControl inheritance

Control inheritance is a strategy where a system receives security controls from another source, representing a form of control implementation, not risk transfer.

BControl implementation

Control implementation is a risk treatment method where security controls are put into place to reduce risk, not to transfer it to another entity.

CWarrantyCorrect

A warranty transfers the financial risk of equipment failure or defects from the user to the manufacturer or a third-party insurer, which is a classic example of risk transfer.

DAvoindance

Avoidance is a risk treatment method where an activity or system associated with a risk is discontinued or not undertaken, thereby eliminating the risk entirely, not transferring it.

Concept tested: NIST Risk Treatment Methods - Risk Transfer

Source: https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-37r2.pdf

Topics

#Risk Transfer#Risk Treatment Methods#NIST 800-37#Warranty

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