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CASP CAS 003 PRACTICE QUESTIONS WITH CORRECT ANSWERS The Chief Information Officer (CIO) is reviewing the IT centric BIA and RA documentation. The documentation shows that a single 24 hours downtime in a critical business function will cost the business $2.3 million. Additionally, the business unit which depends on the critical business function has determined that there is a high probability that a threat will materialize based on historical data. The CIO's budget does not allow for full system hardware replacement in case of a catastrophic failure, nor does it allow for the purchase of additional compensating controls. Which of the following should the CIO recommend to the finance director to minimize financial loss? ....ANSWER ...-The company should transfer the risk. The latest independent research shows that cyber-attacks involving SCADA systems grew an average of 15% per year in each of the last four years, but that this year's growth has slowed to around 7%. Over the same time period, the number of attacks against applications has decreased or stayed flat each year. At the start of the measure period, the incidence of PC boot loader or BIOS based attacks was negligible. Starting two years ago, the growth in the number of PC boot loader attacks has grown exponentially. Analysis of these trends would seem to suggest which of the following strategies should be employed? - ....ANSWER ...-Spending on SCADA security controls should stay ...©️ 2025, ALL RIGHTS RESERVED 1