Practice ISO-27005-LRM Exam Online

Question 1

A software development firm adopts risk management practices to identify and address security vulnerabilities in its products. What is a primary advantage of this approach as per ISO 27005?

A : It ensures the firm will never face any software vulnerabilities in the future.

B : It completely removes the need for testing and quality assurance processes.

C : It allows the firm to avoid responsibility for any security issues that may arise in its products.

D : It facilitates early identification and remediation of vulnerabilities, improving product quality and customer satisfaction.

Answer: D

Question 2

A software development company faces the risk of code vulnerabilities leading to security breaches. They are contemplating conducting regular code reviews, implementing an automated vulnerability scanning tool, purchasing cyber liability insurance, or accepting the risk as the likelihood of exploitation is low. Which option is an example of risk modification?

A : Accepting the risk as the likelihood of exploitation is low.

B : Conducting regular code reviews.

C : Purchasing cyber liability insurance.

D : Implementing an automated vulnerability scanning tool.

Answer: B

Question 3

An online retailer is assessing the risk of a distributed denial of service (DDoS) attack during its major sale event. In ISO/IEC 27005 terms, what would 'consequence' refer to in this risk assessment?

A : The probability of a DDoS attack occurring during the sale event.

B : The technical methods used by attackers to initiate a DDoS attack.

C : The cost of implementing additional security measures to prevent DDoS attacks.

D : The impact on sales and customer trust if a DDoS attack occurs.

Answer: D

Question 4

A software company is implementing the Harmonized TRA methodology for its product development process. In the first phase of Harmonized TRA, what should be the primary focus, and how does it contribute to the risk assessment process?

A : Identifying the context and objectives for the risk assessment, including defining the scope and assets to be assessed.

B : Outsourcing risk assessment to an external cybersecurity firm.

C : Immediately implementing security controls based on industry best practices.

D : Conducting a financial analysis to estimate potential losses from security incidents.

Answer: A

Question 5

A university is updating its information security risk assessment for its research data storage systems. To identify risks effectively, what method should be emphasized?

A : Asset-based risk identification, including physical and digital data assets.

B : Conducting vulnerability scans of the data storage systems.

C : Reviewing compliance with academic data management standards.

D : Assessing the impact of potential data breaches on research integrity.

Answer: A

Name:	ISO/IEC 27005 - Certified Lead Risk Manager
Exam Code:	ISO-27005-LRM
Certification:	GAQM ISO
Vendor:	GAQM
Total Questions:	796
Last Updated:	Jan 06, 2026

GAQM ISO-27005-LRM Answers