Isaca Certified in Risk and Information Systems Control CRISC Question # 2 Topic 1 Discussion
CRISC Exam Topic 1 Question 2 Discussion:
Question #: 2
Topic #: 1
An organization's senior management is considering whether to acquire cyber insurance. Which of the following is the BEST way for the risk practitioner to enable management’s decision?
A.
Perform a cost-benefit analysis.
B.
Conduct a SWOT analysis.
C.
Provide data on the number of risk events from the last year.
D.
Report on recent losses experienced by industry peers.
Acost-benefit analysisevaluates the financial implications of acquiring cyber insurance versus the potential loss exposure. This approach enables informed decision-making by comparing the insurance cost with the potential savings from covered risks.
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