CITM-001 Practice Questions

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NEW QUESTION: 1
The key difference between 'top down models' and 'bottom up models' for operational risk assessment is:
A. Bottom up approaches to operational risk are based upon an analysis of key risk drivers, while top down approaches consider causality in risk scenarios.
B. Top down approaches to operational risk are based upon an analysis of key risk drivers, while bottom up approaches consider causality in risk scenarios.
C. Top down approaches to operational risk calculate the implied operational risk using available data such as income volatility, capital etc; while bottom up approaches use causal factors, risk drivers and other factors to get an aggregated estimate of risk.
D. Bottom up approaches to operational risk calculate the implied operational risk using available data such as income volatility, capital etc; while top down approaches use causal factors, risk drivers and other factors to get an aggregated estimate of risk.
Answer: C
Explanation:
Explanation
Top down approaches rely upon available data such as total capital, income volatility, peer group information etc and attempt to imply the capital attributable to operational risk. They do not consider firm specific scenarios or causal factors. Bottom up approaches on the other hand attempt to determine operational risk capital based upon an identification and quantification of firm specific risks. Bottom up approaches help determine a traditional loss distribution from which capital requirements can be determined at a given level of confidence.
Therefore Choice 'd' is the correct answer.

NEW QUESTION: 2
CHAP authentication protocol, which has several types of data packets
A. Response Message
B. Request packet
C. Failure message
D. Challenge message
E. Success message
Answer: A,C,D,E

NEW QUESTION: 3
Which challenge is introduced by an increasing number of IoT devices on the network?
A. Very few IoT devices support wireless and IP technologies, making it difficult to integrate them in the wireless network.
B. Devices are proliferating, while IoT deployments remain too immature to offer real business value to enterprises at this time.
C. Because most IoT devices come with built in security, IT staff needs to be trained in those protocols and security software suites.
D. As more potentially insecure devices connect from within, traditional perimeter solutions are no longer sufficient.
Answer: D

NEW QUESTION: 4
A technician is setting up a computer that will have a hypervisor installed. The technician checks the specifications of the available computer.
Which of the following specifications are MOST important to consider? (Select two.)
A. Amount of RAM
B. External storage
C. Second NIC installed
D. Graphic resolution
E. Size of HDD
F. Speed of NIC
Answer: A,E