CRISC · Question #613
Following the implementation of an Internet of Things (loT) solution, a risk practitioner identifies new risk factors with impact to existing controls. Which of the following is MOST important to…
The correct answer is C. Changes to residual risk. When new risk factors are identified after an IoT solution implementation, reporting changes to residual risk is most important to stakeholders as it quantifies the net risk exposure.
Question
Following the implementation of an Internet of Things (loT) solution, a risk practitioner identifies new risk factors with impact to existing controls. Which of the following is MOST important to include in a report to stakeholders?
Options
- AIdentified vulnerabilities
- BBusiness managers' concerns
- CChanges to residual risk
- DRisk strategies of peer organizations
How the community answered
(18 responses)- A17% (3)
- B6% (1)
- C72% (13)
- D6% (1)
Why each option
When new risk factors are identified after an IoT solution implementation, reporting changes to residual risk is most important to stakeholders as it quantifies the net risk exposure.
Identified vulnerabilities are important but represent only one component of risk; stakeholders need to understand the comprehensive impact on the overall risk level.
Business managers' concerns are valuable input for risk assessment but are subjective and do not represent the quantified impact on the organization's risk profile.
Stakeholders are primarily concerned with the overall risk posture of the organization; therefore, changes to residual risk directly quantify the remaining risk after all controls are applied, including the newly identified risks and their impact on existing controls. This provides a clear, consolidated view of the actual risk exposure, enabling informed decision-making regarding further mitigation or acceptance.
While understanding peer organizations' strategies can be useful for benchmarking, it's not the most important information for internal stakeholders regarding the immediate impact of new risks on their organization.
Concept tested: Reporting risk assessment results to stakeholders
Topics
Community Discussion
No community discussion yet for this question.