iSACA Cybersecurity Fundamentals Certification Practice Exam

What is the process of evaluating existing controls in a cyberrisk assessment aimed at?

1. To ensure they are up-to-date with technology

2. To determine their effectiveness in risk mitigation

3. To assess their financial costs

4. To eliminate any redundancy

The correct answer is: To determine their effectiveness in risk mitigation

The primary goal of evaluating existing controls in a cyber risk assessment is to determine their effectiveness in risk mitigation. This process involves reviewing how well the current controls are functioning in safeguarding the organization against identified cyber threats and vulnerabilities. By assessing the effectiveness of these controls, organizations can understand whether they are adequately managing risks or if enhancements are necessary. A successful evaluation leads to insights into what improvements might be required, whether through strengthening existing controls, implementing new ones, or adjusting overall strategies to better manage risk. This is crucial for maintaining a robust security posture, adapting to evolving threats, and complying with regulatory requirements. While keeping controls up-to-date with technology, assessing financial costs, and eliminating redundancy can be important considerations in a comprehensive security strategy, these are secondary outcomes that emerge from a deeper understanding of the control's effectiveness in mitigating risk. Focusing on effectiveness directly aligns with the primary objectives of a cyber risk assessment, which is fundamentally about enhancing the organization's ability to protect itself against cyber threats.