712-50 Dumps with Practice Exam Questions Answers

 Explanation:

Defining risk appetite provides clear guidance on how much risk is acceptable, helping balance innovation with caution.

It ensures that decisions around innovation and security align with the organization’s overall risk tolerance.

 Why Other Options Are Less Effective:

B. Determine budget constraints: Budget constraints are important but do not address the balance between innovation and caution.

C. Review project charters: Reviewing charters provides project-specific insights but does not address organizational risk strategy.

D. Collaborate security projects: Collaboration is helpful but not as foundational as defining risk appetite.

 EC-Council CISO Reference:

Understanding and articulating risk appetite is a core component of governance and strategic alignment in the CISO program.

 Investigative Support for Open Guest Networks:

IP and MAC addresses associated with network activity provide crucial identifiers for tracing a user's activity. This is especially helpful for law enforcement when investigating illegal activities.

 Why IP and MAC Address Are Critical:

IP Address: Helps identify network traffic origin during a specific time frame.

MAC Address: Provides device-specific identification.

 Why Not Other Options:

A. Configure logging on each access point: While useful, it does not directly assist without extracting IP and MAC addresses.

B. Install firewall software: Does not help track user activity retroactively.

D. Disable SSID broadcast and enable MAC filtering: Prevents unauthorized access but doesn’t support investigations.

 EC-Council CISO Alignment:

Proper logging and identification practices ensure legal compliance and effective support during investigations.

Comprehensive and Detailed Explanation:

CCISO risk management principles state that controls must be cost-effective. Spending more to protect an asset than the asset’s value violates basic risk management economics.

Therefore, control cost should be less than the value of the asset, making option C correct.

 Stakeholder Roles:

Stakeholders are those who have a vested interest in or are affected by IT security projects.

The Help Desk typically serves as a support function and is not directly involved in decision-making or implementation.

 Why Other Options Are Valid Stakeholders:

A. Board of directors: Responsible for approving funding and ensuring alignment with business goals.

B. Third party vendors: Often supply solutions or services critical to IT security projects.

C. CISO: Directly responsible for overseeing and guiding IT security initiatives.

 EC-Council CISO Reference:

The curriculum identifies stakeholders based on their roles in governance, risk management, and operations, excluding roles like Help Desk that serve ancillary purposes.

 Understanding the Authorization Process

The system authorization process is a structured methodology ensuring that a system operates securely within an acceptable risk framework. According to EC-Council Certified CISO standards, this process follows a lifecycle approach which culminates in obtaining formal approval from senior management.

 Steps in the Authorization Process

a. Risk Assessment: Evaluate threats, vulnerabilities, and potential impacts.

b. Implementation of Security Controls: Deploy safeguards to mitigate identified risks.

c. Testing and Validation: Conduct tests such as vulnerability assessments to ensure controls are functioning correctly.

d. Documentation: Record compliance with security controls and assessments.

e. Final System Review: This includes activities like scanning the system and ensuring all identified high and medium vulnerabilities are addressed.

 Final Step: Authority to Operate

After the above steps are completed, the system owner or project leader submits the authorization package to executive management. The final decision lies with senior-level stakeholders who evaluate if the system meets all organizational security requirements and residual risk is acceptable. Upon approval, they provide formal authorization to operate (ATO).

 Why Option B is Correct

This aligns with EC-Council's emphasis on governance and senior management oversight in risk management frameworks. The ultimate authority for the operation of any system lies with the top executives who are accountable for the organization's security posture.

 References

This procedure is documented in various EC-Council CISO materials, ensuring it is consistent with best practices for managing organizational cybersecurity frameworks.