Authentic PECB Certification Exam ISO-IEC-27005-Risk-Manager Questions Answers

ISO/IEC 27005 is an international standard specifically focused on providing guidelines for information security risk management within the context of an organization's overall InformationSecurity Management System (ISMS). It does not provide direct guidance on implementing the specific requirements of ISO/IEC 27001, which is a standard for establishing, implementing, maintaining, and continually improving an ISMS. Instead, ISO/IEC 27005 provides a framework for managing risks that could affect the confidentiality, integrity, and availability of information assets. Therefore, while ISO/IEC 27005 supports the risk management process that is crucial for compliance with ISO/IEC 27001, it does not contain specific guidelines or methodologies for implementing all the requirements of ISO/IEC 27001. This makes option C the correct answer.

References:

ISO/IEC 27005:2018, "Information Security Risk Management," which emphasizes risk management guidance rather than direct implementation of ISO/IEC 27001 requirements.

ISO/IEC 27001:2013, Clause 6.1.2, "Information Security Risk Assessment," where risk assessment and treatment options are outlined but not in a prescriptive manner found in ISO/IEC 27005.

According to ISO/IEC 27000, information security is defined as the "preservation of confidentiality, integrity, and availability of information." This definition highlights the three core principles of information security:

Confidentialityensures that information is not disclosed to unauthorized individuals or systems.

Integrityensures the accuracy and completeness of information and its processing methods.

Availabilityensures that authorized users have access to information and associated assets when required.

This definition encompasses the protection of information in all forms and aligns with ISO/IEC 27005’s guidelines on managing information security risks. Therefore, option A is the correct answer. Options B and C are incorrect as they refer to more specific aspects or other areas of information management.

According to ISO/IEC 27005, which provides guidelines for information security risk management, the criteria defined in Activity Area 1 are used to establish the foundation for evaluating the effects of a risk event on an organization's objectives. This is the first step in the risk management process, where the organization must identify its risk evaluation criteria, including the impact levels and their corresponding definitions.

In the context of Biotide, Activity Area 1 involves determining the criteria against which the effects of a risk occurring can be evaluated and defining the impacts of those risks. This directly aligns with ISO/IEC 27005 guidance, where the purpose of setting criteria is to ensure that the potential impact of any risk on the organization's objectives, such as reputation, customer confidence, and legal implications, is comprehensively understood and appropriately managed.

Option A, "To evaluate the potential impact of the risk on Biotide's objectives," is correct because it accurately describes the purpose of defining such criteria: to provide a consistent basisfor assessing how various risk scenarios might affect the organization’s ability to meet its strategic and operational goals.

Options B and C, which focus on identifying assets or determining the probability of threats, are related to later stages in the risk management process (specifically, Activities 2 and 3), where information assets are profiled and potential threat scenarios are analyzed. Therefore, these do not correspond to the initial criteria definition purpose outlined in Activity Area 1.