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NEW QUESTION # 44
Scenario 8:FindaxLabs is a financial institution that offers money transfers services globally The company Is known for quick money transfers at a low cost. To transfer money, users register with their email addresses and submit a photo of their ID card for identity verification. They also need to provide the recipient s bank account details alongside their own bank account details. Users can track the transfer through their accounts, either from the website or mobile app. As the company operates in a highly sensitive industry, it recognizes the importance of ensuring cybersecurity. As such, FindaxLabs has addressed its cybersecurity concerns through its business continuity plan.
Nevertheless, a few months ago, FindaxLabs detected suspicious activity on its network and realized that it was being attacked The attackers tried to gain access to customer information. Including emails, bank account numbers, and records of financial transactions. Upon receiving the alert, the incident response team responded swiftly Following the ICT readiness for business continuity (IRBC) policy and procedures, they immediately took down the communication channels to the server and went offline. Subsequently, they conducted vulnerability testing and network scanning, but did not identify any other backdoors. After dodging this attack, the company completely changed its approach toward cyber threats. Consequently, cybersecurity became one of their highest priorities.
FindaxLabs established a more comprehensive cybersecurity incident management plan based on its cybersecurity Incident management policy 10 effectively handle and mitigate future incidents and vulnerabilities. The cybersecurity incident management plan outlined a structured approach based on industry best practices and included various phases of the incident response process The company also created a post-incident report to evaluate the effectiveness of their response capabilities and identify areas for improvement It documented all relevant information related to theincident, such as category, priority, status, and actions taken to resolve it Based on this documentation, it defined the IRBC activities that helped them respond to and recover from disruptions, creating an IRBC timeline. The timeline consisted of three main stages: incident detection, response, and recovery. The company evaluated whether IRBC objectives were met for each phase. Through this evaluation, they determined that improved collaboration between business managers and ICT staff, as well as the implementation of preventive measures such as antivirus and firewalls, would have provided layered protection and better integration of cybersecurity into the business continuity strategy.
Based on the scenario above, answer the following question:
According to scenario 8. what was the role of ICT readiness for business continuity in FindaxLab' business continuity management?
Answer: C
Explanation:
In FindaxLabs' business continuity management, the role of ICT readiness for business continuity (IRBC) was to respond prior to system compromise. The incident response team acted swiftly upon detecting suspicious activity, following the IRBC policy and procedures to take down communication channels and conduct thorough vulnerability testing. This proactive approach helped to mitigate the impact of the attack before any significant system compromise occurred. This proactive stance is supported by ISO/IEC 27031, which emphasizes the importance of readiness and proactive measures in maintaining business continuity.
NEW QUESTION # 45
Scenario 8:FindaxLabs is a financial institution that offers money transfers services globally The company Is known for quick money transfers at a low cost. To transfer money, users register with their email addresses and submit a photo of their ID card for identity verification. They also need to provide the recipient s bank account details alongside their own bank account details. Users can track the transfer through their accounts, either from the website or mobile app. As the company operates in a highly sensitive industry, it recognizes the importance of ensuring cybersecurity. As such, FindaxLabs has addressed its cybersecurity concerns through its business continuity plan.
Nevertheless, a few months ago, FindaxLabs detected suspicious activity on its network and realized that it was being attacked The attackers tried to gain access to customer information. Including emails, bank account numbers, and records of financial transactions. Upon receiving the alert, the incident response team responded swiftly Following the ICT readiness for business continuity (IRBC) policy and procedures, they immediately took down the communication channels to the server and went offline. Subsequently, they conducted vulnerability testing and network scanning, but did not identify any other backdoors. After dodging this attack, the company completely changed its approach toward cyber threats. Consequently, cybersecurity became one of their highest priorities.
FindaxLabs established a more comprehensive cybersecurity incident management plan based on its cybersecurity Incident management policy 10 effectively handle and mitigate future incidents and vulnerabilities. The cybersecurity incident management plan outlined a structured approach based on industry best practices and included various phases of the incident response process The company also created a post-incident report to evaluate the effectiveness of their response capabilities and identify areas for improvement It documented all relevant information related to the incident, such as category, priority, status, and actions taken to resolve it Based on this documentation, it defined the IRBC activities that helped them respond to and recover from disruptions, creating an IRBC timeline. The timeline consisted of three main stages: incident detection, response, and recovery. The company evaluated whether IRBC objectives were met for each phase. Through this evaluation, they determined that improved collaboration between business managers and ICT staff, as well as the implementation of preventive measures such as antivirus and firewalls, would have provided layered protection and better integration of cybersecurity into the business continuity strategy.
Based on the scenario above, answer the following question:
Based on scenario 8. FindaxLabs established the cybersecurity incident management plan based on Us cybersecurity incident management policy. Is this a good practice to follow?
Answer: B
Explanation:
Establishing a cybersecurity incident management plan based on the cybersecurity incident management policy is a good practice. The policy provides a framework and guidelines for managing incidents, while the plan outlines the specific steps and procedures to be followed. This alignment ensures consistency and comprehensiveness in the organization's approach to incident management. References for this practice include ISO/IEC 27035, which provides guidelines for information security incident management, emphasizing the need for policies and plans that work together to address and manage incidents effectively.
NEW QUESTION # 46
Scenario 6:Finelits. a South Carolina-based banking institution in the US, Is dedicated 10 providing comprehensive financial management solutions for both individuals and businesses. With a strong focus on leveraging financial technology innovations, Finelits strives to provide its clients with convenient access to their financial needs. To do so. the company offers a range of services. Firstly, it operates a network of physical branches across strategic locations, facilitates banking transactions, and provides basic financial services to Individuals who may not have easy access to a branch Through its diverse service offerings.
Finelits aims to deliver exceptional banking services, ensuring financial stability and empowerment for its clients across the US.
Recently, Vera, an employee at Finelits, was passed over for a promotion. Feeling undervalued, Vera decided to take malicious actions to harm the company's reputation and gain unrestricted access to its sensitive information. To do so. Vera decided to collaborate with a former colleague who used lo work for Finelits's software development team. Vera provided the former colleague with valuable information about the Finelils's security protocols, which allowed the former colleague to gain access and introduce a backdoor into one of the company's critical software systems during a routine update. This backdoor allowed the attacker to bypass normal authentication measures and gain unrestricted access to the private network. Vera and the former employee aimed to attack Finelits's systems by altering transactions records, account balances, and investments portfolios. Their actions were carefully calculated to skew financial outcomes and mislead both the hank and Its customers by creating false financial statements, misleading reports, and inaccurate calculations.
After receiving numerous complaints from clients, reporting that they are being redirected to another site when attempting to log into their banking accounts on Finelits's web application, the company became aware of the issue. After taking immediate measures, conducting a thorough forensic analysis and collaborating with external cybersecurity experts, Finelits's Incident response team successfully identified the root cause of the incident. They were able to trace the intrusion back to the attackers, who had exploited vulnerabilities in the bank's system and utilized sophisticated techniques to compromise data integrity The incident response team swiftly addressed the issue by restoring compromised data, enhancing security, and implementing preventative measures These measures encompassed new access controls, network segmentation, regular security audits, the testing and application of patches frequently, and the clear definition of personnel privileges within their roles for effective authorization management.
Based on the scenario above, answer the following question:
What type of attack did Vera and the former employee perform' Refer to scenario6?
Answer: A
Explanation:
* Manipulation of Data:
* Definition: Unauthorized alteration or modification of data to achieve malicious objectives.
* Impact: Can compromise data integrity, leading to incorrect operations, fraud, or unauthorized data transfer.
* Example: Changing software code or altering database records to gain unauthorized access or mislead users.
* Application in the Scenario:
* Incident: The employee used a false username to modify the code, allowing the transfer of sensitive data.
* Outcome: The data manipulation enabled unauthorized data exfiltration.
* ISO/IEC 27001: Emphasizes the importance of data integrity and protection against unauthorized changes.
* NIST SP 800-53: Recommends controls to ensure the integrity of data and systems.
Cybersecurity References:Manipulation of data attacks undermine the trustworthiness of information and systems, making it crucial to implement controls to detect and prevent such activities.
NEW QUESTION # 47
Whatis an advantage of properly implementing a security operations center (SOC) within an organization?
Answer: A
Explanation:
Properly implementing a Security Operations Center (SOC) within an organization has the advantage of facilitating continuous monitoring and analysis of the organization's activities, leading to enhanced security incident detection. The SOC acts as a central hub for monitoring, detecting, and responding to security threats in real-time, which is crucial for maintaining the security of an organization's systems and data. This continuous vigilance helps in early detection and rapid response to incidents, thereby reducing potential damage. References include NIST SP 800-61, which provides guidelines for establishing and maintaining effective incident response capabilities, including the role of a SOC.
NEW QUESTION # 48
What information should be included in The vulnerability assessment report for vulnerabilities categorized as medium to high risk?
Answer: A
Explanation:
For vulnerabilities categorized as medium to high risk, the vulnerability assessment report should include the plan and effort required to fix the vulnerability. This information is crucial for prioritizing remediation efforts and allocating the necessary resources to address the vulnerabilities effectively. It helps ensure that high-risk issues are resolved promptly to minimize potential security impacts. References include NIST SP 800-115, which provides guidance on technical aspects of security testing and vulnerability assessments.
NEW QUESTION # 49
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