A risk management framework incorporates various control, development, policy, and management activities into an organization's IT operations. It provides a structured approach to identifying and managing risks, which includes defining risk appetite, risk assessment methodologies, risk treatment strategies, and risk monitoring and reporting.
A risk management framework incorporates various control, development, policy, and management activities into an organization's IT operations. It provides a structured approach to identifying and managing risks, which includes defining risk appetite, risk assessment methodologies, risk treatment strategies, and risk monitoring and reporting. By integrating these activities into IT operations, the organization can effectively manage and mitigate risks, ensuring a more secure and resilient environment.
Including a risk management framework into an organization's security approach helps to integrate various aspects of security, including control implementation, development practices, policy creation, and management activities. A risk management framework provides a structured and systematic approach to identify, assess, and mitigate risks, ensuring that security measures are well-coordinated and aligned with the organization's goals and objectives.
"Risk Management Framework (RMF)
・ A process that integrates security and risk management activities into the system development life cycle through an approach to security control selection and specification that considers effectiveness, efficiency, and constraints due to applicable laws, directives, Executive Orders, policies, standards, or regulations"
-Jason Dion Comptia Security+ Study Notes
D. It incorporates control, development, policy, and management activities into IT operations.
Including a risk management framework into an organization's security approach has several benefits, including incorporating control, development, policy, and management activities into IT operations. A risk management framework provides a structured and systematic approach to identify, assess, and manage risks to an organization's information systems and assets. It allows the organization to prioritize risks and allocate resources accordingly, which can lead to more effective and efficient security measures.
Option A is related to service level agreements (SLAs) and supply chain management, which are not directly related to a risk management framework. Option B is related to vendor management and procurement, which are important components of a security program but not directly related to a risk management framework. Option C is related to legal compliance and liabilities, which are important but not directly related to a risk management framework.
Which of the following is a benefit of including a risk management framework into an organization's security approach?
-D
There are no legal assurances or remedies provided at all by the framework itself. Neither is that included in the org's security approach. The product of the RMF's incorporation into the org's security approach would provide those things.
Answer is C.
A strong risk management framework can offer organizations a number of key benefits, such as protection of assets, reputation management, and the optimization of data management. A risk management framework can also provide protection against losses of competitive advantage, legal risks, and business opportunities.
Benefits of Risk Management Framework
A risk management framework helps protect against potential losses of competitive advantage, business opportunities, and even legal risks.
I would go with D. There is nothing about legal assurence in books i read.
Risk management is about identyfying vulnerabilities and threats in your company. To help you mitigater them, so your company can run smoothly.
An effective risk management framework will prioritize understanding the risks that your business faces to take the necessary steps to protect your assets and your business
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