nerdexam
PECB

ISO-IEC-42001-LEAD-AUDITOR · Question #115

A financial institution has integrated AI systems into its operations and has adopted risk management principles from an internationally recognized standard to specifically mitigate AI- related…

The correct answer is A. ISO 31000. ISO 31000:2018 ?Risk Management ?Guidelines provides high-level principles and a generic framework for identifying, assessing, and mitigating risks -- including those emerging from AI While ISO/IEC 27005 focuses on information security risk (related to ISO/IEC 27001), ISO 31000…

AI Risk Management

Question

A financial institution has integrated AI systems into its operations and has adopted risk management principles from an internationally recognized standard to specifically mitigate AI- related risks effectively. Which standard has the institution applied in this case?

Options

  • AISO 31000
  • BISO/IEC 27005
  • CISO/IEC 23895

How the community answered

(54 responses)
  • A
    72% (39)
  • B
    17% (9)
  • C
    11% (6)

Explanation

ISO 31000:2018 ?Risk Management ?Guidelines provides high-level principles and a generic framework for identifying, assessing, and mitigating risks -- including those emerging from AI While ISO/IEC 27005 focuses on information security risk (related to ISO/IEC 27001), ISO 31000 is broader and commonly adopted by organizations for all types of operational and strategic risk management -- including ethical, legal, and technical AI risks. ISO/IEC 42001 references ISO 31000 as the baseline standard for managing AI-related risks.

Topics

#ISO 31000#risk management framework#AI risk#financial services

Community Discussion

No community discussion yet for this question.

Full ISO-IEC-42001-LEAD-AUDITOR Practice