Quiz LibraryNetwork Security Controls and Risk Reduction Policies
Created from Youtube video: https://www.youtube.com/watch?v=O4pJeXgOJDsvideo
Concepts covered:network security controls, management controls, technical controls, operational controls, security policies
Exploring different types of controls in network security, including management, technical, and operational controls. Discussing the importance of security policies such as privacy policies and acceptable use policies in reducing risks associated with internal and external threats.
Table of Contents1.Network Security Policies and Risk Reduction Measures2.Qualitative and Quantitative Risk Assessments3.Quantitative Risk Assessment Process4.Approaches to Handling Risk and Key Risk Terms5.Strategies for Mitigating Risks in Cloud Computing and Virtualization
chapter
1
Network Security Policies and Risk Reduction Measures
Concepts covered:security policies, privacy policy, acceptable use policy, risk reduction measures, least privilege policy
This chapter discusses the importance of security policies in securing workplace data and networks, outlining different types such as security, privacy, and acceptable use policies. It also covers risk reduction measures like least privilege, separation of duties, mandatory vacation, and job rotation policies.
Question 1
What is the primary purpose of security policies?
Question 2
What is an example of an operational control?
Question 3
How does a least privilege policy minimize risk?
chapter
2
Qualitative and Quantitative Risk Assessments
Concepts covered:Qualitative Risk Assessment, Quantitative Risk Assessment, Tables for Events, Probabilities, and Impacts, Assets Evaluation, Projected Costs
Explains the process of qualitative risk assessment using tables for events, probabilities, and impacts to create a comprehensive risk assessment. Discusses the importance of qualitative assessments in determining assets for quantitative risk assessment, which involves evaluating risks based on projected costs.
Question 4
What does a qualitative risk assessment focus on?
Question 5
How would you categorize a data breach?
Question 6
What does an impact table outline?
chapter
3
Quantitative Risk Assessment Process
Concepts covered:Quantitative Risk Assessment, Threat Event Cost, Preventive Measures, Asset Valuation, Loss Expectancy Calculation
The chapter discusses the process of using the actual cost of a threat event to determine the appropriate investment in preventive measures, emphasizing the importance of aligning security spending with potential risks. It outlines steps such as asset valuation, exposure factor determination, single loss expectancy calculation, average rate of occurrence estimation, and average loss expectancy calculation to guide budgeting for security solutions.
Question 7
What is the exposure factor?
Question 8
What does the ALE represent?
Question 9
Why is the value of the asset important?
chapter
4
Approaches to Handling Risk and Key Risk Terms
Concepts covered:Risk Mitigation, Risk Acceptance, Risk Transference, Risk Avoidance, Risk Deterrence
The chapter discusses five main approaches to handling risk: mitigation, acceptance, transference, avoidance, and deterrence. It also covers key risk terms such as MTTF, MTBF, MTTR, RTO, and RPO.
Question 10
What does RPO represent in risk management?
Question 11
Which risk treatment involves no action to reduce risk?
Question 12
What approach transfers risk to another entity?
chapter
5
Strategies for Mitigating Risks in Cloud Computing and Virtualization
Concepts covered:Cloud computing, Risk mitigation, Data storage, Provider security, Regulatory compliance
Cloud computing offers cost benefits to businesses by offloading IT needs like data storage to external entities, but careful consideration is crucial due to associated risks. Evaluating provider security, system reliability, and regulatory compliance is essential before entrusting critical data to cloud services.
Question 13
How does change management mitigate risk?
Question 14
What do DLP systems monitor?
Question 15
What should be reviewed before using a cloud provider?

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