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NEW QUESTION: 1
Pete, the security administrator, has been notified by the IDS that the company website is under attack. Analysis of the web logs show the following string, indicating a user is trying to post a comment on the public bulletin board.
INSERT INTO message `<script>source=http://evilsite</script> This is an example of which of the following?
A. XSS attack
B. XML injection attack
C. Buffer overflow attack
D. SQL injection attack
Answer: A
Explanation:
The <script> </script> tags indicate that script is being inserted. Cross-site scripting (XSS) is a type of computer security vulnerability typically found in Web applications. XSS enables attackers to inject client-side script into Web pages viewed by other users. Cross-site scripting uses known vulnerabilities in web-based applications, their servers, or plug-in systems on which they rely. Exploiting one of these, attackers fold malicious content into the content being delivered from the compromised site. When the resulting combined content arrives at the client-side web browser, it has all been delivered from the trusted source, and thus operates under the permissions granted to that system. By finding ways of injecting malicious scripts into web pages, an attacker can gain elevated access-privileges to sensitive page content, session cookies, and a variety of other information maintained by the browser on behalf of the user.

NEW QUESTION: 2
Which is NOT considered when defining risk tolerance?
A. The amount of risk a Project Board considers acceptable
B. The allocated risk budget
C. An organization's risk appetite
D. A Project Board's attitude towards risk taking
Answer: B

NEW QUESTION: 3
Which of the following statements are correct:
I. A training set is a set of data used to create a model, while a control set is a set of data is used to prove that the model actually works II. Cleansing, aggregating or ensuring data integrity is a task for the IT department, and is not a risk manager's responsibility III. Lack of information on the quality of underlying securities and assets was a major cause of the collapse in the CDO markets during the credit crisis that started in 2007 IV. The problem of lack of historical data can be addressed reasonably satisfactorily by using analytical approaches
A. I and III
B. All of the above
C. I, III and IV
D. II and IV
Answer: A
Explanation:
Explanation
Statement I is correct. Data is often divided into two sets - a 'training set' that is used to create and fine-tune the model while the 'control set' is used to prove that the model works on sample data. Back testing is then perfomed using actual data that becomes available over time, or may already be available as historical data.
Statement II is incorrect. A risk manager often spends a great deal of time in managing data, and ensuring that the data being used is accurate enough for the purpose it is being used for. A risk manager can expect to spend a good part of his or her team's time in cleansing data. While he or she can try to get the IT processes and systems to produce correct data in the first place so it requires minimal subsequent cleansing or validation, this task is likely to remain a key part of a risk manager's role for quite some time in the future given the challenges nearly all organizations face in managing risk data.
Statement III is correct. There was not enough granular data available on the underlying components of some of the derivative debt securities whose markets dried up during the crisis that began in 2007. This was because investors became increasingly unsure of what the value of these securities, such as CDOs was, leading to market seizure and firesale prices.
Statement IV is not correct. There is no easy solution to the lack of enough historical data, which is used to create as well as test models, and construct stress scenarios. Analytical approaches are not a good enough substitute for real market data. During the recent crisis, many instruments had rather short histories and there was not enough data available, and risk managers and portfolio managers relied upon analytical approaches to value and price them. Many of the assumptions that underpinned these approaches were untested in the real world and turned out to be incorrect.
Therefore Choice 'c' is the correct answer and the rest are incorrect.