CRISC · Question #221
An organization retains footage from its data center security camera for 30 days when the policy requires 90-day retention The business owner challenges whether the situation is worth remediating…
The correct answer is C. Evaluate the risk as a measure of probable loss. To effectively respond to a business owner challenging remediation for a policy gap, the risk manager should quantify the risk in terms of probable loss. This approach translates the policy gap into a financial impact that is more relevant to business decision-making.
Question
An organization retains footage from its data center security camera for 30 days when the policy requires 90-day retention The business owner challenges whether the situation is worth remediating Which of the following is the risk manager s BEST response?
Options
- AIdentify the regulatory bodies that may highlight this gap
- BHighlight news articles about data breaches
- CEvaluate the risk as a measure of probable loss
- DVerify if competitors comply with a similar policy
How the community answered
(22 responses)- A5% (1)
- B9% (2)
- C68% (15)
- D18% (4)
Why each option
To effectively respond to a business owner challenging remediation for a policy gap, the risk manager should quantify the risk in terms of probable loss. This approach translates the policy gap into a financial impact that is more relevant to business decision-making.
Identifying regulatory bodies highlights the source of the policy requirement but does not quantify the specific financial impact or potential loss for the organization.
Highlighting news articles about data breaches uses fear tactics rather than providing a specific, objective evaluation of the organization's own risk profile.
Evaluating the risk as a measure of probable loss provides a quantifiable metric that resonates with business owners, allowing them to understand the potential financial impact of non-compliance. This helps justify remediation efforts by demonstrating the cost of inaction, such as fines for regulatory violations or direct financial losses from security incidents.
Verifying competitor compliance does not determine the organization's unique risk or provide a concrete business case for remediation based on its specific circumstances.
Concept tested: Risk quantification and business impact analysis
Source: https://nvlpubs.nist.gov/nistpubs/Legacy/SP/nistspecialpublication800-30r1.pdf
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