Free GAQM ISO-27005-LRM Exam Questions

Become GAQM Certified with updated ISO-27005-LRM exam questions and correct answers

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Total 796 Questions | Updated On: Mar 26, 2025

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Question 1

A software company is expanding its operations globally and faces various information security risks associated with different regions. The CISO wants to utilize ISO/IEC 27005 to manage these risks effectively. How does the application of ISO/IEC 27005 specifically support the company in this global expansion in terms of risk management?

A : By replacing the need for regional compliance and security laws with a single framework.

B : By focusing solely on the technical aspects of security risks in global operations.

C : By emphasizing financial risk management strategies suitable for global expansion.

D : By providing a standardized approach for risk management that is universally applicable across all regions.

Answer: D

Question 2

A university is updating its information security risk assessment for its research data storage systems. To identify risks effectively, what method should be emphasized?

A : Asset-based risk identification, including physical and digital data assets.

B : Conducting vulnerability scans of the data storage systems.

C : Reviewing compliance with academic data management standards.

D : Assessing the impact of potential data breaches on research integrity.

Answer: A

Question 3

A cloud service provider is analyzing the risk of downtime due to server failures. Given the redundancy measures in place and the potential impact on client operations, how should the risk be quantified?

A : Low risk, as redundancy measures significantly reduce the likelihood of downtime.

B : Negligible risk, as server failures are rare events.

C : Moderate risk, considering some redundancy but significant potential impact on clients.

D : High risk, due to the critical nature of cloud services for clients.

Answer: C

Question 4

A multinational corporation has conducted a risk assessment of its data processing activities across different regions. The risk manager needs to record and report these findings. What is the most effective way to present this information to ensure it is useful for both local and global decision-making?

A : Separate reports for each region with an additional consolidated global report.

B : Oral presentations to each regional team without written documentation.

C : A single, global report summarizing all risks without regional specifics.

D : An extensive document detailing every risk identified, regardless of relevance.

Answer: A

Question 5

A university is assessing risks associated with its academic and administrative operations. Why is it important for the risk manager to understand these operations?

A : It is sufficient for the risk manager to focus only on external risks, such as market competition.

B : So the risk manager can assume the responsibilities of academic and administrative staff.

C : Understanding these operations is necessary to identify risks impacting academic integrity, data privacy, and operational efficiency.

D : The risk manager should only be concerned with risks in the university's IT infrastructure.

Answer: C

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Total 796 Questions | Updated On: Mar 26, 2025

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