CRISC · Question #223
During a risk assessment, a risk practitioner learns that an IT risk factor is adequately mitigated by compensating controls in an associated business process. Which of the following would enable…
The correct answer is A. Schedule periodic reviews of the compensating controls' effectiveness. To most effectively manage residual risk when compensating controls are identified, scheduling periodic reviews of their effectiveness is crucial. This ensures the controls remain adequate and adapt to any changes in the environment.
Question
During a risk assessment, a risk practitioner learns that an IT risk factor is adequately mitigated by compensating controls in an associated business process. Which of the following would enable the MOST effective management of the residual risk?
Options
- ASchedule periodic reviews of the compensating controls' effectiveness.
- BReport the use of compensating controls to senior management.
- CRecommend additional IT controls to further reduce residual risk.
- DRequest that ownership of the compensating controls is reassigned to IT
How the community answered
(27 responses)- A70% (19)
- B15% (4)
- C11% (3)
- D4% (1)
Why each option
To most effectively manage residual risk when compensating controls are identified, scheduling periodic reviews of their effectiveness is crucial. This ensures the controls remain adequate and adapt to any changes in the environment.
Compensating controls are critical for mitigating risk when primary controls are insufficient or absent. Regularly reviewing their effectiveness ensures that these controls continue to perform as intended, remain appropriate for the evolving threat landscape, and adequately address the identified risk, thereby sustaining effective residual risk management.
Reporting the use of compensating controls to senior management is a governance activity but does not actively manage the ongoing effectiveness of the controls.
Recommending additional IT controls might reduce residual risk further but doesn't specifically address the ongoing management and validation of existing compensating controls.
Requesting reassigning ownership to IT might centralize responsibility but doesn't inherently ensure the continued effectiveness and regular validation of the compensating controls themselves.
Concept tested: Managing residual risk with compensating controls
Source: https://nvlpubs.nist.gov/nistpubs/Legacy/SP/nistspecialpublication800-53r4.pdf
Topics
Community Discussion
No community discussion yet for this question.