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Vendor: ACAMS

Exam Code: CAMS7 Dumps

Questions and Answers: 104

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NEW QUESTION: 1
You are the project manager of HFD project. You have identified several project risks. You have adopted alternatives to deal with these risks which do not attempt to reduce the probability of a risk event or its impacts. Which of the following response have you implemented?
A. Mitigation
B. Acceptance
C. Avoidance
D. Contingent response
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Contingent response strategy, also known as contingency planning, involves adopting alternatives to deal with the risks in case of their occurrence. Unlike the mitigation planning in which mitigation looks to reduce the probability of the risk and its impact, contingency planning doesn't necessarily attempt to reduce the probability of a risk event or its impacts. Contingency comes into action when the risk event actually occurs.
Incorrect Answers:
A: Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs. If an enterprise adopts a risk acceptance, it should carefully consider who can accept the risk. Risk should be accepted only by senior management in relationship with senior management and the board. There are two alternatives to the acceptance strategy, passive and active.
Passive acceptance means that enterprise has made no plan to avoid or mitigate the risk but willing to

accept the consequences of the risk.
Active acceptance is the second strategy and might include developing contingency plans and reserves

to deal with risks.
B: Risk mitigation attempts to reduce the probability of a risk event and its impacts to an acceptable level.
Risk mitigation can utilize various forms of control carefully integrated together. The main control types are:
Managerial(e.g.,policies)

Technical (e.g., tools such as firewalls and intrusion detection systems)

Operational (e.g., procedures, separation of duties)

Preparedness activities

C: Risk avoidance means to evade risk altogether, eliminate the cause of the risk event, or change the project plan to protect the project objectives from the risk event.

NEW QUESTION: 2
You are creating a database that will store usernames and credit card numbers for an application. You need to recommend a solution to store and reuse the credit card numbers in the database.
What should you recommend? More than one answer choice may achieve the goal. Select the BEST answer.
A. Encrypting File System (EFS)
B. Transparent Data Encryption (TDE)
C. Data hashing
D. Data encryption
Answer: D
Explanation:
If we are going to encrypt credit card number for storage, then we should have Data Encryption Key(DEK) for encrypting the credit card number.

NEW QUESTION: 3
Which of the following requirements is supported by using process orders?
A. Documentation of the production using an electronic batch record
B. Use of production/resource tools
C. Use of reference operation sets
D. Linkage of documents to orders
Answer: A


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