(ISC)2 Certified in Cybersecurity Practice Exam

What is a risk management framework?

1. A comprehensive plan for employee training.

2. A structure for identifying, analyzing, and mitigating risks to an organization's systems and data.

3. A system for monitoring user behavior.

4. An approach for software design reviews.

The correct answer is: A structure for identifying, analyzing, and mitigating risks to an organization's systems and data.

A risk management framework serves as a systematic framework that organizations use to identify, analyze, and mitigate risks impacting their systems, data, and ultimately their operations. This framework provides guidance on the processes and methodologies that should be employed to evaluate potential risks, assess their likelihood and impact, and implement measures to reduce or eliminate those risks. By focusing on identifying risks, the framework helps organizations understand vulnerabilities in their environment, whether they are related to technology, human error, or external threats. Analyzing these risks allows organizations to prioritize them based on severity, leading to informed decision-making about how to mitigate or manage them effectively. Developing strategies to mitigate identified risks is essential in protecting sensitive information and ensuring business continuity. Other choices describe various elements of organizational operations or practices but do not encapsulate the comprehensive nature of a risk management framework. For instance, while employee training (the first choice) is important for risk mitigation, it is just one aspect and does not represent a complete framework. Monitoring user behavior (the third choice) and software design reviews (the last choice) are also valuable practices in cybersecurity but focus on specific areas rather than the broader approach provided by a risk management framework.