CRISC · Question #143
Which of the following would provide the MOST helpful input to develop risk scenarios associated with hosting an organization's key IT applications in a cloud environment?
The correct answer is D. Conducting a risk workshop with key stakeholders. Conducting a risk workshop with key stakeholders provides the most helpful input for developing comprehensive risk scenarios for cloud-hosted IT applications.
Question
Which of the following would provide the MOST helpful input to develop risk scenarios associated with hosting an organization's key IT applications in a cloud environment?
Options
- AReviewing the results of independent audits
- BPerforming a site visit to the cloud provider's data center
- CPerforming a due diligence review
- DConducting a risk workshop with key stakeholders
How the community answered
(24 responses)- A13% (3)
- B8% (2)
- C4% (1)
- D75% (18)
Why each option
Conducting a risk workshop with key stakeholders provides the most helpful input for developing comprehensive risk scenarios for cloud-hosted IT applications.
Reviewing independent audit results (e.g., SOC 2) provides assurance on the cloud provider's controls but focuses on existing compliance, not necessarily on brainstorming new and specific risk scenarios pertinent to the organization's unique applications.
Performing a site visit to a cloud provider's data center is often impractical or not allowed, and even if done, it offers limited insight into the specific application-level risks within a multi-tenant cloud environment.
A due diligence review is a broader assessment of the cloud provider's overall capabilities and security posture, but a dedicated risk workshop is more effective for developing detailed, specific risk scenarios.
A risk workshop brings together various key stakeholders, including business owners, IT staff, security professionals, and legal teams, allowing for collaborative identification and analysis of potential threats, vulnerabilities, and impacts specific to cloud environments. This approach ensures a holistic view and captures varied insights into potential risk events and their consequences for cloud-hosted applications.
Concept tested: Risk scenario development methods
Source: https://www.isaca.org/resources/isaca-journal/issues/2012/volume-4/a-structured-approach-to-developing-and-using-risk-scenarios
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