Section: Volume D
Explanation/Reference: https://www.isaca.org/Journal/archives/2015/Volume-2/Pages/a-practical-approach-to-continuous- control-monitoring.aspx

Section: Volume C
Explanation
Explanation:
Vulnerabilities detected during assessment should be first evaluated for threat, impact and cost of mitigation. It should be evaluated and prioritized on the basis whether they impose credible threat or not.
Incorrect Answers:
A, C: These are the further steps that are taken after evaluating vulnerabilities. So, these are not immediate action after detecting vulnerabilities.
B: If detected vulnerabilities impose no/negligible threat on an enterprise then it is not cost effective to address it as risk.

Section: Volume D

The best course of action when risk is found to be above the acceptable risk appetite is to execute the risk response plan, which is the set of actions and measures that are designed to reduce, avoid, transfer, or accept the risk. The risk response plan is based on the risk assessment results, the risk appetite and tolerance of the organization, and the cost-benefit analysis of the risk response options. The risk response plan helps to achieve the optimal balance between the potential benefits and threats of the risk, and to align the risk decisions with the organizational objectives and context. The other options are not the best courses of action, as they are either too passive or too reactive in dealing with the risk. Reviewing risk tolerance levels may help to adjust the acceptable variation between the risk thresholds and the business objectives, but it does not address the actual risk level or impact. Maintaining the current controls may help to prevent the risk from increasing further, but it does not reduce the existing risk exposure or mitigation. Analyzing the effectiveness of controls may help to identify the gaps or weaknesses in the current risk management, but it does not implement the necessary improvements or changes. References = Risk Response Plan in Project Management: Key Strategies
& Tips; A Practitioner's Guide to Ethical Decision Making; How to Manage Project Risk: A 5-Step Guide

Section: Volume D