Which of the following would require updates to an organization's IT risk register?
Click on the arrows to vote for the correct answer
A. B. C. D.A.
Sure, I'd be happy to provide you with a detailed explanation of the answer to this question!
The correct answer is A: Discovery of an ineffectively designed key IT control.
An IT risk register is a tool used by organizations to track and manage their IT-related risks. It contains a list of potential risks, their likelihood of occurring, their potential impact on the organization, and any controls in place to mitigate those risks. The risk register is a living document that should be updated regularly to reflect changes in the organization's risk environment.
Discovery of an ineffectively designed key IT control would require updates to an organization's IT risk register because it represents a new risk or an increase in the likelihood or impact of an existing risk. An IT control is a process or procedure put in place to ensure that the organization's IT systems and data are secure, reliable, and available. If a key IT control is ineffectively designed, it means that there is a gap in the organization's security posture that could be exploited by attackers or result in a data breach or system outage.
In this scenario, the organization would need to update its IT risk register to reflect the new or increased risk posed by the ineffectively designed control. This might involve adding a new risk to the register, revising the likelihood or impact of an existing risk, or identifying new controls that need to be put in place to mitigate the risk.
Let's examine the other answer options:
B. Management review of key risk indicators (KRIs) - While management review of key risk indicators is an important part of risk management, it alone would not necessarily require updates to an organization's IT risk register. However, if the review identified new or changed risks, those would need to be reflected in the risk register.
C. Changes to the team responsible for maintaining the register - Changes to the team responsible for maintaining the IT risk register would not necessarily require updates to the register itself. However, the new team would need to review the register and ensure that it is accurate and up-to-date.
D. Completion of the latest internal audit - Completion of the latest internal audit might identify new risks or gaps in the organization's controls, but it would not necessarily require updates to the IT risk register. However, any new risks or control gaps identified by the audit should be reflected in the risk register.
In summary, the discovery of an ineffectively designed key IT control is the answer that would require updates to an organization's IT risk register, as it represents a new or increased risk that needs to be managed.