What Is the First Step Involved in Risk Management

question 60

Multiple Choice

What is the first step involved in risk management?

• A)determining the cause of damage
• B)evaluating controls and filling in security gaps
• C)understanding what information assets need protection
• D)recovering the system from damage

Understand the concept of hackers and their classifications based on intent.

Identify and describe different types of malware and their functionality.

Recognize the importance and mechanisms of cybersecurity measures such as VPNs and firewalls.

Describe various techniques used in social engineering and their impact.

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Definitions:

Forward Contract Discount

A scenario where a forward contract trades at a lower price than the spot price of the underlying asset, indicating an expected decline in asset price.

Foreign Currency Market

A global marketplace for exchanging national currencies against one another, also known as the foreign exchange market.

Foreign Currency Option

A financial derivative that gives the holder the right, but not the obligation, to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specific date.

Right

In finance, typically refers to a contractual entitlement to purchase additional shares at a specified price before a certain date, often associated with share issuance.