BlackFriday 2024! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions

PECB ISO-IEC-27005-Risk-Manager Exam Questions

Exam Name: PECB Certified ISO/IEC 27005 Risk Manager
Exam Code: ISO-IEC-27005-Risk-Manager
Related Certification(s): PECB ISO/IEC 27005 Risk Manager Certification
Certification Provider: PECB
Actual Exam Duration: 120 Minutes
Number of ISO-IEC-27005-Risk-Manager practice questions in our database: 60 (updated: Nov. 13, 2024)
Expected ISO-IEC-27005-Risk-Manager Exam Topics, as suggested by PECB :
  • Topic 1: Fundamental Principles and Concepts of Information Security Risk Management: This domain covers the essential ideas and core elements behind managing risks in information security, with a focus on identifying and mitigating potential threats to protect valuable data and IT resources.
  • Topic 2: Implementation of an Information Security Risk Management Program: This domain discusses the steps for setting up and operationalizing a risk management program, including procedures to recognize, evaluate, and reduce security risks within an organization’s framework.
  • Topic 3: Information Security Risk Management Framework and Processes Based on ISO/IEC 27005: Centered around ISO/IEC 27005, this domain provides structured guidelines for managing information security risks, promoting a systematic and standardized approach aligned with international practices.
  • Topic 4: Other Information Security Risk Assessment Methods: Beyond ISO/IEC 27005, this domain reviews alternative methods for assessing and managing risks, allowing organizations to select tools and frameworks that align best with their specific requirements and risk profile.
Disscuss PECB ISO-IEC-27005-Risk-Manager Topics, Questions or Ask Anything Related

Jacinta

2 days ago
ISO/IEC 27005 certification achieved! Pass4Success really came through with relevant study material.
upvoted 0 times
...

Nakita

11 days ago
I successfully passed the PECB Certified ISO/IEC 27005 Risk Manager exam, and the Pass4Success practice questions played a big role. One question that puzzled me was about Risk Assessment and which steps are involved in identifying risk scenarios. I wasn't sure of my answer, but I passed the exam.
upvoted 0 times
...

Amalia

26 days ago
Happy to share that I passed the PECB Certified ISO/IEC 27005 Risk Manager exam! The Pass4Success practice questions were very useful. There was a question on the Introduction to ISO/IEC 27005 and Risk Management that asked about the main objectives of ISO/IEC 27005. I hesitated a bit but still passed.
upvoted 0 times
...

Kaitlyn

1 months ago
Wow, aced the PECB exam! Pass4Success materials were a lifesaver for quick prep.
upvoted 0 times
...

Floyd

1 months ago
I passed the PECB Certified ISO/IEC 27005 Risk Manager exam, thanks to Pass4Success practice questions. One challenging question was about different Risk Assessment Methods and which method is best suited for qualitative risk analysis. I wasn't completely confident in my answer, but I got through the exam.
upvoted 0 times
...

Lisbeth

2 months ago
Thank you for sharing your experience. It seems Pass4Success truly helped in your preparation. Any final thoughts?
upvoted 0 times
...

Annmarie

2 months ago
Just cleared the PECB Certified ISO/IEC 27005 Risk Manager exam! The Pass4Success practice questions were a lifesaver. There was a tricky question on Monitoring and Review that asked how often risk assessments should be reviewed and updated. I was a bit unsure, but I still managed to pass.
upvoted 0 times
...

Kattie

2 months ago
Just passed the ISO/IEC 27005 Risk Manager exam! Thanks Pass4Success for the spot-on practice questions.
upvoted 0 times
...

Corinne

2 months ago
I recently passed the PECB Certified ISO/IEC 27005 Risk Manager exam, and the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the key elements involved in Risk Recording and Reporting. It asked for the primary components that should be included in a risk register. I wasn't entirely sure about the answer, but I managed to pass the exam.
upvoted 0 times
...

Melynda

2 months ago
Absolutely! Pass4Success provided spot-on practice questions that mirrored the actual exam content. Their materials were crucial in helping me pass. Highly recommend for anyone preparing for this certification!
upvoted 0 times
...

Free PECB ISO-IEC-27005-Risk-Manager Exam Actual Questions

Note: Premium Questions for ISO-IEC-27005-Risk-Manager were last updated On Nov. 13, 2024 (see below)

Question #1

Scenario 2: Travivve is a travel agency that operates in more than 100 countries. Headquartered in San Francisco, the US, the agency is known for its personalized vacation packages and travel services. Travivve aims to deliver reliable services that meet its clients' needs. Considering the impact of information security in its reputation, Travivve decided to implement an information security management system (ISMS) based on ISO/IEC 27001. In addition, they decided to establish and implement an information security risk management program. Based on the priority of specific departments in Travivve, the top management decided to initially apply the risk management process only in the Sales Management Department. The process would be applicable for other departments only when introducing new technology.

Travivve's top management wanted to make sure that the risk management program is established based on the industry best practices. Therefore, they created a team of three members that would be responsible for establishing and implementing it. One of the team members was Travivve's risk manager who was responsible for supervising the team and planning all risk management activities. In addition, the risk manager was responsible for monitoring the program and reporting the monitoring results to the top management.

Initially, the team decided to analyze the internal and external context of Travivve. As part of the process of understanding the organization and its context, the team identified key processes and activities. Then, the team identified the interested parties and their basic requirements and determined the status of compliance with these requirements. In addition, the team identified all the reference documents that applied to the defined scope of the risk management process, which mainly included the Annex A of ISO/IEC 27001 and the internal security rules established by Travivve. Lastly, the team analyzed both reference documents and justified a few noncompliances with those requirements.

The risk manager selected the information security risk management method which was aligned with other approaches used by the company to manage other risks. The team also communicated the risk management process to all interested parties through previously established communication mechanisms. In addition, they made sure to inform all interested parties about their roles and responsibilities regarding risk management. Travivve also decided to involve interested parties in its risk management activities since, according to the top management, this process required their active participation.

Lastly, Travivve's risk management team decided to conduct the initial information security risk assessment process. As such, the team established the criteria for performing the information security risk assessment which included the consequence criteria and likelihood criteria.

Did Travivve's risk management team identify the basic requirements of interested parties in accordance with the guidelines of ISO/IEC 27005? Refer to scenario 2.

Reveal Solution Hide Solution
Correct Answer: C

According to ISO/IEC 27005, understanding the organization and its context, including the identification of interested parties and their requirements, is a critical part of the risk management process. The team at Travivve identified the interested parties and their basic requirements and determined the status of compliance with these requirements, which aligns with the guidelines provided by ISO/IEC 27005. This standard recommends that organizations should understand their context and stakeholders' requirements to effectively manage risks. Additionally, it is appropriate to evaluate compliance with requirements as part of the context analysis, rather than after implementing risk treatment options. Therefore, the team's approach was in accordance with ISO/IEC 27005, making option C the correct answer.


ISO/IEC 27005:2018, Clause 7, 'Context Establishment,' which outlines the importance of identifying the context, including the interested parties and their requirements, as a basis for risk management.

Question #2

Scenario 4: In 2017, seeing that millions of people turned to online shopping, Ed and James Cordon founded the online marketplace for footwear called Poshoe. In the past, purchasing pre-owned designer shoes online was not a pleasant experience because of unattractive pictures and an inability to ascertain the products' authenticity. However, after Poshoe's establishment, each product was well advertised and certified as authentic before being offered to clients. This increased the customers' confidence and trust in Poshoe's products and services. Poshoe has approximately four million users and its mission is to dominate the second-hand sneaker market and become a multi-billion dollar company.

Due to the significant increase of daily online buyers, Poshoe's top management decided to adopt a big data analytics tool that could help the company effectively handle, store, and analyze dat

a. Before initiating the implementation process, they decided to conduct a risk assessment. Initially, the company identified its assets, threats, and vulnerabilities associated with its information systems. In terms of assets, the company identified the information that was vital to the achievement of the organization's mission and objectives. During this phase, the company also detected a rootkit in their software, through which an attacker could remotely access Poshoe's systems and acquire sensitive data.

The company discovered that the rootkit had been installed by an attacker who had gained administrator access. As a result, the attacker was able to obtain the customers' personal data after they purchased a product from Poshoe. Luckily, the company was able to execute some scans from the target device and gain greater visibility into their software's settings in order to identify the vulnerability of the system.

The company initially used the qualitative risk analysis technique to assess the consequences and the likelihood and to determine the level of risk. The company defined the likelihood of risk as ''a few times in two years with the probability of 1 to 3 times per year.'' Later, it was decided that they would use a quantitative risk analysis methodology since it would provide additional information on this major risk. Lastly, the top management decided to treat the risk immediately as it could expose the company to other issues. In addition, it was communicated to their employees that they should update, secure, and back up Poshoe's software in order to protect customers' personal information and prevent unauthorized access from attackers.

According to scenario 4, which type of assets was identified during the risk identification process?

Reveal Solution Hide Solution
Correct Answer: B

During the risk identification process, Poshoe identified the information that was vital to the achievement of the organization's mission and objectives. Such information is considered a primary asset because it directly supports the organization's core business objectives. Primary assets are those that are essential to the organization's functioning and achieving its strategic goals. Option A (Tangible assets) refers to physical assets like hardware or facilities, which is not relevant here. Option C (Supporting assets) refers to assets that support primary assets, like IT infrastructure or software, which also does not fit the context.


Question #3

According to CRAMM methodology, how is risk assessment initiated?

Reveal Solution Hide Solution
Correct Answer: A

According to the CRAMM (CCTA Risk Analysis and Management Method) methodology, risk assessment begins by collecting detailed information on the system and identifying all assets that fall within the defined scope. This foundational step ensures that the assessment is comprehensive and includes all relevant assets, which could be potential targets for risk. This makes option A the correct answer.


Question #4

Which activity below is NOT included in the information security risk assessment process?

Reveal Solution Hide Solution
Correct Answer: C

The information security risk assessment process, as outlined in ISO/IEC 27005, typically includes identifying risks, assessing their potential impact, and prioritizing them. However, selecting risk treatment options is not part of the risk assessment process itself; it is part of the subsequent risk treatment phase. Therefore, option C is the correct answer as it is not included in the risk assessment process.


Question #5

Based on NIST Risk Management Framework, what is the last step of a risk management process?

Reveal Solution Hide Solution
Correct Answer: A

Based on the NIST Risk Management Framework (RMF), the last step of the risk management process is 'Monitoring Security Controls.' This step involves continuously tracking the effectiveness of the implemented security controls, ensuring they remain effective against identified risks, and adapting them to any changes in the threat landscape. Option A correctly identifies the final step.



Unlock Premium ISO-IEC-27005-Risk-Manager Exam Questions with Advanced Practice Test Features:
  • Select Question Types you want
  • Set your Desired Pass Percentage
  • Allocate Time (Hours : Minutes)
  • Create Multiple Practice tests with Limited Questions
  • Customer Support
Get Full Access Now

Save Cancel