Download BCS.CISMP-V9.VCEDumps.2024-04-11.42q.tqb

Quantitative risk assessment is the process of objectively measuring risk by assigning numerical values to the probability of an event occurring and its potential impact. This method is most likely to provide objective support for a security Return on Investment (ROI) case because it allows for the calculation of potential losses in monetary terms, which can be directly compared to the cost of implementing security measures. By quantifying risks and their financial implications, organizations can make informed decisions about where to allocate resources and how to prioritize security investments to maximize ROI. This approach is particularly useful when making a business case to stakeholders who require clear, financial justification for security expenditures.

The reporting of security incidents involving personal data is distinct from other types of incidents primarily due to the legal obligations imposed by data protection legislation. Such laws typically mandate that organizations report certain types of breaches involving personal data to a Supervisory Authority within a specified timeframe. This requirement is in place to ensure prompt and appropriate response to potential privacy risks affecting individuals' rights and freedoms. Failure to comply can result in significant penalties for the organization.The reporting process also often includes notifying affected individuals, especially if there is a high risk of adverse effects on their rights and freedoms12.The UK GDPR and the Data Protection Act 2018 outline the duty of organizations to report certain personal data breaches to the relevant supervisory authority, such as the ICO, within 72 hours of becoming aware of the breach1.The ICO's guide on personal data breaches provides detailed instructions on how to recognize a breach, the reporting process, and the importance of having robust breach detection, investigation, and internal reporting procedures12.

The access control method described is Role-Based Access Control (RBAC). In RBAC, access permissions are based on the roles within an organization, and users are assigned to these roles based on their responsibilities and qualifications. Each role has a defined set of access permissions to perform certain operations. This method simplifies management and ensures that only authorized users can perform actions relevant to their role. For instance, 'Developers' can create and update files, 'Reviewers' can upload and update files, and 'Administrators' have the rights to upload, delete, and update files. This aligns with the RBAC model where permissions are grouped by role rather than by individual user, making it easier to manage and audit.