Digital Risk Management Questions and
Answers Latest Version Graded A+
What is digital risk management?
✔✔ The process of identifying, assessing, and mitigating risks related to digital assets and
technologies
Why is digital risk increasing in modern businesses?
✔✔ Because companies rely more on digital tools, data, and online operations
What is the first step in digital risk management?
✔✔ Identifying potential digital threats and vulnerabilities
What is a common digital risk for organizations using cloud services?
✔✔ Unauthorized access to sensitive data stored in the cloud
Why is employee training important in digital risk management?
✔✔ Because human error is a leading cause of cybersecurity incidents
1
,What is phishing in the context of digital risk?
✔✔ A fraudulent attempt to steal sensitive information via email or messaging
How can organizations reduce the risk of ransomware attacks?
✔✔ By using regular backups and updated antivirus software
What does “data breach” mean in digital risk management?
✔✔ Unauthorized access, theft, or exposure of confidential data
What role does encryption play in digital risk management?
✔✔ It protects data by converting it into unreadable code for unauthorized users
Why is multi-factor authentication useful for managing digital risk?
✔✔ It adds an extra layer of security beyond just a password
What is the purpose of a digital risk assessment?
✔✔ To evaluate how exposed an organization is to technology-based threats
2
,What is a cyber threat landscape?
✔✔ The current range of digital threats targeting systems and networks
Why is vendor risk management a part of digital risk management?
✔✔ Because third-party vendors can introduce security weaknesses
What is the difference between a vulnerability and a threat?
✔✔ A vulnerability is a weakness; a threat is something that exploits it
Why is it risky to delay system updates and patches?
✔✔ Hackers can exploit known vulnerabilities that haven’t been fixed
What is shadow IT and how does it pose a digital risk?
✔✔ Use of unauthorized apps or devices, increasing the chance of data leaks
Why is regular auditing important in digital risk management?
✔✔ It helps identify weak points and ensures compliance with policies
3
, What is a digital risk register?
✔✔ A document listing all known digital risks and how they are being managed
What is the role of governance in digital risk management?
✔✔ To set clear policies, responsibilities, and oversight mechanisms
What is business continuity planning in the context of digital risk?
✔✔ Preparing to maintain operations during or after a digital disruption
Why is endpoint protection necessary in digital risk management?
✔✔ Because devices like laptops and phones are entry points for attackers
What is the impact of social engineering on digital risk?
✔✔ It manipulates people to unknowingly give access to systems or data
How does digital risk differ from traditional IT risk?
✔✔ Digital risk includes broader concerns like AI ethics, privacy, and online reputation
4
Answers Latest Version Graded A+
What is digital risk management?
✔✔ The process of identifying, assessing, and mitigating risks related to digital assets and
technologies
Why is digital risk increasing in modern businesses?
✔✔ Because companies rely more on digital tools, data, and online operations
What is the first step in digital risk management?
✔✔ Identifying potential digital threats and vulnerabilities
What is a common digital risk for organizations using cloud services?
✔✔ Unauthorized access to sensitive data stored in the cloud
Why is employee training important in digital risk management?
✔✔ Because human error is a leading cause of cybersecurity incidents
1
,What is phishing in the context of digital risk?
✔✔ A fraudulent attempt to steal sensitive information via email or messaging
How can organizations reduce the risk of ransomware attacks?
✔✔ By using regular backups and updated antivirus software
What does “data breach” mean in digital risk management?
✔✔ Unauthorized access, theft, or exposure of confidential data
What role does encryption play in digital risk management?
✔✔ It protects data by converting it into unreadable code for unauthorized users
Why is multi-factor authentication useful for managing digital risk?
✔✔ It adds an extra layer of security beyond just a password
What is the purpose of a digital risk assessment?
✔✔ To evaluate how exposed an organization is to technology-based threats
2
,What is a cyber threat landscape?
✔✔ The current range of digital threats targeting systems and networks
Why is vendor risk management a part of digital risk management?
✔✔ Because third-party vendors can introduce security weaknesses
What is the difference between a vulnerability and a threat?
✔✔ A vulnerability is a weakness; a threat is something that exploits it
Why is it risky to delay system updates and patches?
✔✔ Hackers can exploit known vulnerabilities that haven’t been fixed
What is shadow IT and how does it pose a digital risk?
✔✔ Use of unauthorized apps or devices, increasing the chance of data leaks
Why is regular auditing important in digital risk management?
✔✔ It helps identify weak points and ensures compliance with policies
3
, What is a digital risk register?
✔✔ A document listing all known digital risks and how they are being managed
What is the role of governance in digital risk management?
✔✔ To set clear policies, responsibilities, and oversight mechanisms
What is business continuity planning in the context of digital risk?
✔✔ Preparing to maintain operations during or after a digital disruption
Why is endpoint protection necessary in digital risk management?
✔✔ Because devices like laptops and phones are entry points for attackers
What is the impact of social engineering on digital risk?
✔✔ It manipulates people to unknowingly give access to systems or data
How does digital risk differ from traditional IT risk?
✔✔ Digital risk includes broader concerns like AI ethics, privacy, and online reputation
4
