CCSK Module 3 Unit 3 Answers – Managing Cloud Security Risk Knowledge Check Quiz

CCSK Module 3 Unit 3 Answers – Managing Cloud Security Risk Knowledge Check Quiz Full 100% 2023 – 2024

This is CCSK Module 3 Unit 3 Answers – Managing Cloud Security Risk Knowledge Check Quiz. Our expert team has verified questions and answers with clear explanations to get a full score of 100%. You can review all these questions before taking the exam.

1. What is the responsibility of information risk management?

   • Eliminate all risks to information assets
   • Align risk management to the tolerance of the data owner
   • Manage overall risk to the organization.
   • Determine the overall risk of cloud providers.

   • Answers Explanation & Hint: Align risk management to the tolerance of the data owner The responsibility of information risk management is to align risk management practices with the tolerance of the data owner. This involves assessing the risks associated with information assets and making decisions that are in line with the data owner’s risk appetite and priorities. Information risk management aims to protect and secure information assets while considering the business’s goals, regulatory requirements, and the preferences of those responsible for the data. It’s about finding a balance between safeguarding data and enabling business operations.

2. Your risk assessment effort should be equal for all information assets

   • True
   • False

   • Answers Explanation & Hint: False Risk assessment efforts should not be equal for all information assets. Different information assets have varying levels of importance, sensitivity, and potential impact on the organization. Therefore, it’s essential to prioritize and allocate resources based on the criticality of each asset. Risk assessment should involve identifying and analyzing the potential risks to different information assets, considering factors such as their value, vulnerability, potential threats, and the potential impact of a security breach. Assets that are more critical to the organization’s operations or contain sensitive information may require more extensive and focused risk assessment efforts compared to less critical assets. This targeted approach helps ensure that resources are allocated where they are most needed and that the organization’s risk management efforts are effective and efficient.

3. In which service model does the cloud consumer have to reply most on what is in the contract and documented to enforce and manage security?

   • PaaS
   • IaaS
   • Hybrid
   • SaaS

   • Answers Explanation & Hint: SaaS (Software as a Service) In the SaaS (Software as a Service) model, the cloud consumer relies heavily on what is outlined in the contract and documented by the service provider to enforce and manage security. In the SaaS model, the consumer uses software applications provided by the service provider over the internet. The underlying infrastructure, platform, and software are all managed by the provider. Since the consumer doesn’t have direct control over the underlying infrastructure or platform, security measures and practices are typically defined and managed by the service provider. The consumer’s ability to enforce and manage security largely depends on the terms of the contract and the security measures implemented by the provider. Therefore, the consumer needs to rely on the contract and documentation to ensure that security requirements are met.

4. Under which conditions is managing risk similar for public and private clouds?

   • No conditions;  public cloud is always riskier
   • When your private cloud is third party hosted and managed
   • The risk profiles are the same
   • When using a major public cloud provider

   • Answers Explanation & Hint: When using a major public cloud provider Managing risk can be similar for public and private clouds when using a major public cloud provider. Major cloud providers typically have robust security measures, compliance standards, and risk management practices in place. When utilizing the services of a well-established and reputable public cloud provider, the level of security and risk management might be comparable to, or even surpass, what can be achieved in a private cloud setting. However, it’s important to note that the overall risk profiles of public and private clouds can vary based on factors such as the specific provider, the type of data being stored or processed, the level of control the organization needs, and regulatory considerations. In some cases, using a third-party hosted and managed private cloud could also have similarities in risk management compared to public clouds. It’s essential for organizations to conduct a thorough assessment of their requirements, evaluate the security measures of potential providers, and choose the solution that best aligns with their risk tolerance and needs.

5. Which do you need to rely more on to manage risks when using public cloud computing?

   • Contracts and SLAs
   • Testing instead of assessments and attestations
   • Physical control of assets
   • Consultants

   • Answers Explanation & Hint: Contracts and SLAs When using public cloud computing, you need to rely more on contracts and Service Level Agreements (SLAs) to manage risks. In a public cloud environment, you don’t have direct physical control over the infrastructure and assets, as they are managed by the cloud provider. Therefore, contractual agreements become a critical means of establishing expectations, responsibilities, security measures, data handling practices, and other important aspects of risk management. Contracts and SLAs should outline the security and privacy measures the provider will implement, the levels of service you can expect, compliance with regulations, data ownership and access rights, incident response procedures, and more. By clearly defining these terms in contracts and SLAs, you can help mitigate potential risks and ensure that your organization’s requirements and expectations align with the cloud provider’s services.

6. What is critical when evaluating a cloud service within your risk management program?

   • Minimizing regional harm
   • Eliminating all outsourcing risk
   • Accounting for the context of the information assets involved
   • Ensuring the provider’s security program supports your existing on-premise tools.

   • Answers Explanation & Hint: Accounting for the context of the information assets involved When evaluating a cloud service within your risk management program, it is critical to account for the context of the information assets involved. Different types of data and applications may have varying levels of sensitivity, importance, and risk associated with them. As such, it’s essential to consider the specific context of the information assets that will be managed within the cloud service. This involves assessing factors such as data classification, regulatory requirements, potential impact of a security breach, and the criticality of the applications or services involved. By understanding the context of the information assets, you can make informed decisions about which cloud service provider to choose, what security measures to implement, and how to manage risks effectively while aligning with the unique needs of your organization.

7. How can you manage risk if you can’t negotiate a contract with the cloud provider?

   • Accept all potential risks.
   • Always choose a different provider
   • Use compensating controls and your own risk mitigation mechanisms
   • Obtain cyberinsurance

   • Answers Explanation & Hint: Use compensating controls and your own risk mitigation mechanisms If you can’t negotiate a contract with the cloud provider, you can manage risk by using compensating controls and your own risk mitigation mechanisms. Compensating controls are security measures that are put in place to offset or mitigate the potential risks associated with a lack of contractual negotiation or specific security guarantees from the cloud provider. By implementing your own security controls, following best practices, and integrating additional risk mitigation mechanisms, you can enhance the security of your data and applications within the cloud environment. This approach helps you reduce vulnerabilities and address potential threats even if the provider’s contract terms are not negotiable. However, it’s important to assess and communicate the effectiveness of these controls to ensure they align with your organization’s risk appetite and compliance requirements.