please create a answer bank from this quiz

Quiz: Security Operations Fundamentals

Question 1: What is the primary purpose of risk management in security operations?
A) To identify, assess, and prioritize risks
B) To ignore vulnerabilities
C) To eliminate all risks
D) To increase the number of assets

Question 2: Which of the following is NOT an element of risk?
A) Likelihood
B) Strategy
C) Impact
D) Asset

Question 3: What does asset identification involve?
A) Identifying and categorizing assets that require protection
B) Selling off assets
C) Destroying old assets
D) Creating new assets

Question 4: What is a vulnerability?
A) A weakness that can be exploited
B) A strong defense mechanism
C) A potential for loss
D) A type of threat

Question 5: Which of the following methods can be used to assess vulnerabilities?
A) All of the above
B) Penetration Testing
C) Brainstorming
D) Scans

Question 6: What does risk evaluation help to prioritize?
A) Threats
B) Risks
C) Vulnerabilities
D) Assets

Question 7: What is the first step in a risk assessment process?
A) Vulnerability Assessment
B) Risk Response
C) Risk Evaluation
D) Asset Identification

Question 8: What does the impact of a risk refer to?
A) The asset’s value
B) The likelihood of occurrence
C) Financial, operational, legal, and reputational consequences
D) The number of threats

Question 9: What is a key component of risk management?
A) Documenting all assets
B) Risk response strategies
C) Ignoring threats
D) Risk avoidance only

Question 10: Which strategy involves shifting the risk to third parties?
A) Acceptance
B) Transfer
C) Avoidance
D) Mitigation

Question 11: What is the purpose of monitoring and review in risk management?
A) To continuously check the effectiveness of risk strategies
B) To create new assets
C) To ignore changes in the landscape
D) To increase the number of risks

Question 12: What does risk acceptance mean?
A) Ignoring all risks
B) Transferring the risk to another party
C) Deciding to accept the risk if manageable
D) Eliminating a risk entirely

Question 13: Which of the following is an example of risk mitigation?
A) Conducting employee training
B) Changing business processes
C) Buying cyber insurance
D) Ignoring a vulnerability

Question 14: What should be documented in the risk assessment process?
A) The history of the organization
B) Only identified threats
C) Detailed records of assessments, decisions, and actions taken
D) Only financial impacts

Question 15: What does continuous monitoring involve?
A) Ongoing evaluation of risks and controls
B) Only checking once a year
C) Ignoring changes
D) Only evaluating assets

Question 16: Which term refers to anything that has the potential to cause harm?
A) Vulnerability
B) Threat
C) Impact
D) Asset

Question 17: What is the primary focus of risk analysis?
A) Analyzing identified risks
B) Estimating the value of assets
C) Identifying potential threats
D) Creating new vulnerabilities

Question 18: What should be communicated to stakeholders in the risk management process?
A) Findings, action plans, and ongoing risk status
B) Only financial losses
C) The number of assets
D) Ignored risks

Question 19: What is the role of governance in security operations?
A) To ensure accountability and transparency
B) To ignore compliance
C) To minimize communication
D) To increase threats

Question 20: What does risk avoidance entail?
A) Altering business processes to eliminate the risk
B) Transferring the risk
C) Ignoring the risk
D) Accepting the risk

Question 21: What is the likelihood in the context of risk?
A) The number of assets
B) The potential damage from a risk
C) The cost of mitigation
D) The probability of a threat exploiting a vulnerability

Question 22: Which element of risk refers to anything of value that needs protection?
A) Vulnerability
B) Impact
C) Threat
D) Asset

Question 23: Which of the following is NOT part of the risk assessment process?
A) Threat Identification
B) Asset Creation
C) Asset Identification
D) Vulnerability Assessment

Question 24: What is the purpose of conducting audits in vulnerability assessment?
A) To check for weaknesses in configurations and policies
B) To create new assets
C) To ignore existing vulnerabilities
D) To increase risks

Question 25: What does communication in risk management promote?
A) Awareness and accountability
B) Confusion
C) Ignorance
D) Risk acceptance

Question 26: What does a risk matrix help visualize?
A) Financial impacts only
B) Risks based on likelihood and impact
C) The current asset value
D) Threats only

Question 27: What is a potential consequence of a successful attack or data breach?
A) Financial losses
B) Ignored vulnerabilities
C) Increased assets
D) Reduced threats

Question 28: What does the term "impact" assess?
A) The value of assets
B) The number of threats
C) The potential consequences of a risk
D) The probability of a risk

Question 29: What is the final step in the risk assessment process?
A) Risk Evaluation
B) Documentation and Communication
C) Risk Identification
D) Asset Creation

Question 30: Which of the following is a method of risk transfer?
A) Purchasing cybersecurity insurance
B) Conducting training
C) Accepting the risk
D) Implementing firewalls