QuestionQ1033

Risk Assessment

What requirements are needed to create risk scenarios? Each correct answer represents part of the solution.

Choose three
  • A Determination of cause and effect
  • B Determination of the value of business process at risk
  • C Potential threats and vulnerabilities that could cause loss
  • D Determination of the value of an asset
Explanation

Creating a risk scenario requires establishing the value of the asset or business process at risk and identifying the threats and vulnerabilities that could lead to loss. Risk scenarios describe assets at risk, relevant threat conditions, and their potential adverse effects; cause-and-effect analysis is not itself a required scenario-creation element. ISACA describes risk scenarios as including the asset at risk, threat circumstances or actors, and the potential effect, and identifies assets, threats, and vulnerabilities as fundamental risk-scenario elements.

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