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PECB ISO-IEC-27005-Risk-Manager Exam Overview:
| Certification Vendor: | PECB |
|---|---|
| Exam Name: | PECB Certified ISO/IEC 27005 Risk Manager |
| Exam Number: | ISO-IEC-27005-Risk-Manager |
| Exam Duration: | 120 minutes |
| Exam Format: | Open Book, Multiple Choice |
| Exam Price: | $700 USD |
| Real Exam Qty: | 40-80 |
| Related Certifications: | PECB Certified ISO/IEC 27005 Provisional Risk Manager PECB Certified ISO/IEC 27005 Senior Risk Manager PECB Certified ISO/IEC 27005 Risk Manager |
| Passing Score: | 70% |
| Certificate Validity Period: | Certification does not expire; credential maintenance subject to PECB policies |
| Available Languages: | French, English |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online or authorized examination center; PECB certification exam. |
| Pre Condition: | Fundamental understanding of ISO/IEC 27005 and comprehensive knowledge of information security risk assessment and risk management. |
| Official Syllabus URL: | https://pecb.com/en/education-and-certification-for-individuals/iso-iec-27005/iso-iec-27005-risk-manager |
PECB ISO-IEC-27005-Risk-Manager Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Fundamental Principles and Concepts of Information Security Risk Management | - Information Security Risk Management Concepts
|
| Topic 2: Information Security Risk Management Process Based on ISO/IEC 27005 | - Monitoring and Review
|
| Topic 3: Implementation of an Information Security Risk Management Program | - Risk Management Framework
|
| Topic 4: Other Information Security Risk Assessment Methods | - Alternative Risk Assessment Methodologies
|
ISO-IEC-27005-Risk-Manager (PECB) Exam FAQ: Trusted Answers
PECB Certified ISO/IEC 27005 Risk Manager is an official PECB certification exam, registered under the code ISO-IEC-27005-Risk-Manager. Passing it awards the ISO/IEC 27005 certification, a credential at the Professional level. It also connects to PECB Certified ISO/IEC 27005 Provisional Risk Manager, PECB Certified ISO/IEC 27005 Risk Manager, PECB Certified ISO/IEC 27005 Senior Risk Manager. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The PECB Certified ISO/IEC 27005 Risk Manager exam presents 40-80 questions within 120 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing PECB Certified ISO/IEC 27005 Risk Manager takes 70%, and official registration costs $700 USD. Retakes bill the full $700 USD again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
Fundamental understanding of ISO/IEC 27005 and comprehensive knowledge of information security risk assessment and risk management.
Policies get revised, so confirm the current requirements before you register on the official exam page.
Yes. ActualPDF offers a free demo of the PECB Certified ISO/IEC 27005 Risk Manager questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the PECB Certified ISO/IEC 27005 Risk Manager exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
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PECB Certified ISO/IEC 27005 Risk Manager is organized into 4 official domains. The most heavily weighted are Fundamental Principles and Concepts of Information Security Risk Management, Other Information Security Risk Assessment Methods, and Implementation of an Information Security Risk Management Program. The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
PECB Certified ISO/IEC 27005 Risk Manager Sample Questions:
Scenario 1
The risk assessment process was led by Henry, Bontton's risk manager. The first step that Henry took was identifying the company's assets. Afterward, Henry created various potential incident scenarios. One of the main concerns regarding the use of the application was the possibility of being targeted by cyber attackers, as a great number of organizations were experiencing cyberattacks during that time. After analyzing the identified risks, Henry evaluated them and concluded that new controls must be implemented if the company wants to use the application. Among others, he stated that training should be provided to personnel regarding the use of the application and that awareness sessions should be conducted regarding the importance of protecting customers' personal data.
Lastly, Henry communicated the risk assessment results to the top management. They decided that the application will be used only after treating the identified risks.
According to scenario 1, what type of controls did Henry suggest?
- A. Administrative
- B. Technical
- C. Managerial
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Scenario 7: Adstry is a business growth agency that specializes in digital marketing strategies. Adstry helps organizations redefine the relationships with their customers through innovative solutions. Adstry is headquartered in San Francisco and recently opened two new offices in New York. The structure of the company is organized into teams which are led by project managers. The project manager has the full power in any decision related to projects. The team members, on the other hand, report the project's progress to project managers.
Considering that data breaches and ad fraud are common threats in the current business environment, managing risks is essential for Adstry. When planning new projects, each project manager is responsible for ensuring that risks related to a particular project have been identified, assessed, and mitigated. This means that project managers have also the role of the risk manager in Adstry. Taking into account that Adstry heavily relies on technology to complete their projects, their risk assessment certainly involves identification of risks associated with the use of information technology. At the earliest stages of each project, the project manager communicates the risk assessment results to its team members.
Adstry uses a risk management software which helps the project team to detect new potential risks during each phase of the project. This way, team members are informed in a timely manner for the new potential risks and are able to respond to them accordingly. The project managers are responsible for ensuring that the information provided to the team members is communicated using an appropriate language so it can be understood by all of them.
In addition, the project manager may include external interested parties affected by the project in the risk communication. If the project manager decides to include interested parties, the risk communication is thoroughly prepared. The project manager firstly identifies the interested parties that should be informed and takes into account their concerns and possible conflicts that may arise due to risk communication. The risks are communicated to the identified interested parties while taking into consideration the confidentiality of Adstry's information and determining the level of detail that should be included in the risk communication. The project managers use the same risk management software for risk communication with external interested parties since it provides a consistent view of risks. For each project, the project manager arranges regular meetings with relevant interested parties of the project, they discuss the detected risks, their prioritization, and determine appropriate treatment solutions. The information taken from the risk management software and the results of these meetings are documented and are used for decision-making processes. In addition, the company uses a computerized documented information management system for the acquisition, classification, storage, and archiving of its documents.
Based on scenario 7, Adstry's project managers hold regular meetings with interested parties to discuss risks and risk treatment solutions. According to the guidelines of ISO/IEC 27005, is this in compliance with best practices?
- A. Yes, the coordination between project managers and relevant interested parties can be achieved by discussions upon risks and appropriate treatment solutions
- B. No, risk owners should not communicate or discuss risk treatment options with external interested parties
- C. Yes, risks can be communicated to and discussed with relevant interested parties only if the project manager decides that it is appropriate to do so
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Scenario 6: Productscape is a market research company headquartered in Brussels, Belgium. It helps organizations understand the needs and expectations of their customers and identify new business opportunities. Productscape's teams have extensive experience in marketing and business strategy and work with some of the best-known organizations in Europe. The industry in which Productscape operates requires effective risk management. Considering that Productscape has access to clients' confidential information, it is responsible for ensuring its security. As such, the company conducts regular risk assessments. The top management appointed Alex as the risk manager, who is responsible for monitoring the risk management process and treating information security risks.
The last risk assessment conducted was focused on information assets. The purpose of this risk assessment was to identify information security risks, understand their level, and take appropriate action to treat them in order to ensure the security of their systems. Alex established a team of three members to perform the risk assessment activities. Each team member was responsible for specific departments included in the risk assessment scope. The risk assessment provided valuable information to identify, understand, and mitigate the risks that Productscape faces.
Initially, the team identified potential risks based on the risk identification results. Prior to analyzing the identified risks, the risk acceptance criteria were established. The criteria for accepting the risks were determined based on Productscape's objectives, operations, and technology. The team created various risk scenarios and determined the likelihood of occurrence as "low," "medium," or "high." They decided that if the likelihood of occurrence for a risk scenario is determined as "low," no further action would be taken. On the other hand, if the likelihood of occurrence for a risk scenario is determined as "high" or "medium," additional controls will be implemented. Some information security risk scenarios defined by Productscape's team were as follows:
1. A cyber attacker exploits a security misconfiguration vulnerability of Productscape's website to launch an attack, which, in turn, could make the website unavailable to users.
2. A cyber attacker gains access to confidential information of clients and may threaten to make the information publicly available unless a ransom is paid.
3. An internal employee clicks on a link embedded in an email that redirects them to an unsecured website, installing a malware on the device.
The likelihood of occurrence for the first risk scenario was determined as "medium." One of the main reasons that such a risk could occur was the usage of default accounts and password. Attackers could exploit this vulnerability and launch a brute-force attack. Therefore, Productscape decided to start using an automated "build and deploy" process which would test the software on deploy and minimize the likelihood of such an incident from happening. However, the team made it clear that the implementation of this process would not eliminate the risk completely and that there was still a low possibility for this risk to occur. Productscape documented the remaining risk and decided to monitor it for changes.
The likelihood of occurrence for the second risk scenario was determined as "medium." Productscape decided to contract an IT company that would provide technical assistance and monitor the company's systems and networks in order to prevent such incidents from happening.
The likelihood of occurrence for the third risk scenario was determined as "high." Thus, Productscape decided to include phishing as a topic on their information security training sessions. In addition, Alex reviewed the controls of Annex A of ISO/IEC 27001 in order to determine the necessary controls for treating this risk. Alex decided to implement control A.8.23 Web filtering which would help the company to reduce the risk of accessing unsecure websites. Although security controls were implemented to treat the risk, the level of the residual risk still did not meet the risk acceptance criteria defined in the beginning of the risk assessment process. Since the cost of implementing additional controls was too high for the company, Productscape decided to accept the residual risk. Therefore, risk owners were assigned the responsibility of managing the residual risk.
Which risk treatment option was used for the second risk scenario? Refer to scenario 6.
- A. Risk retention
- B. Risk sharing
- C. Risk avoidance
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Scenario 4: In 2017, seeing that millions of people turned to online shopping, Ed and James Cordon founded the online marketplace for footwear called Poshoe. In the past, purchasing pre-owned designer shoes online was not a pleasant experience because of unattractive pictures and an inability to ascertain the products' authenticity. However, after Poshoe's establishment, each product was well advertised and certified as authentic before being offered to clients. This increased the customers' confidence and trust in Poshoe's products and services. Poshoe has approximately four million users and its mission is to dominate the second-hand sneaker market and become a multi-billion dollar company.
Due to the significant increase of daily online buyers, Poshoe's top management decided to adopt a big data analytics tool that could help the company effectively handle, store, and analyze dat a. Before initiating the implementation process, they decided to conduct a risk assessment. Initially, the company identified its assets, threats, and vulnerabilities associated with its information systems. In terms of assets, the company identified the information that was vital to the achievement of the organization's mission and objectives. During this phase, the company also detected a rootkit in their software, through which an attacker could remotely access Poshoe's systems and acquire sensitive data.
The company discovered that the rootkit had been installed by an attacker who had gained administrator access. As a result, the attacker was able to obtain the customers' personal data after they purchased a product from Poshoe. Luckily, the company was able to execute some scans from the target device and gain greater visibility into their software's settings in order to identify the vulnerability of the system.
The company initially used the qualitative risk analysis technique to assess the consequences and the likelihood and to determine the level of risk. The company defined the likelihood of risk as "a few times in two years with the probability of 1 to 3 times per year." Later, it was decided that they would use a quantitative risk analysis methodology since it would provide additional information on this major risk. Lastly, the top management decided to treat the risk immediately as it could expose the company to other issues. In addition, it was communicated to their employees that they should update, secure, and back up Poshoe's software in order to protect customers' personal information and prevent unauthorized access from attackers.
According to scenario 4, Poshoe has identified its assets, vulnerabilities, and threats associated with its information systems. What does the company need in order to start identifying its existing controls?
- A. A list of all existing and planned controls
- B. The risk treatment implementation plan and documentation of controls
- C. A list of incident scenarios with their consequences
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According to CRAMM methodology, how is risk assessment initiated?
- A. By gathering information on the system and identifying assets within the scope
- B. By identifying the security risks
- C. By determining methods and procedures for managing risks
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