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Question 18 - CISM discussion

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Which of the following is PRIMARILY determined by asset classification?

A.
Insurance coverage required for assets
Answers
A.
Insurance coverage required for assets
B.
Level of protection required for assets
Answers
B.
Level of protection required for assets
C.
Priority for asset replacement
Answers
C.
Priority for asset replacement
D.
Replacement cost of assets
Answers
D.
Replacement cost of assets
Suggested answer: B

Explanation:

Asset classification is the process of assigning a value to information assets based on their importance to the organization and the potential impact of their compromise, loss or damage1.Asset classification helps to determine the level of protection required for assets, which is proportional to their value and sensitivity2.Asset classification also facilitates risk assessment and management, as well as compliance with legal, regulatory and contractual requirements3.Asset classification does not primarily determine the insurance coverage, priority for replacement, or replacement cost of assets, as these factors depend on other criteria such as risk appetite, business impact, availability and market value4.Reference=1: CISM - Information Asset Classification Flashcards | Quizlet2: CISM Exam Content Outline | CISM Certification | ISACA3: CIS Control 1: Inventory and Control of Enterprise Assets4: CISSP versus the CISM Certification | ISC2

asked 01/10/2024
David Murinda
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