CRISC IT Risk Assessment Practice Question
A company is considering risk transfer for a new IT project. Which TWO options represent valid risk transfer mechanisms? (Select TWO)
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Purchasing cyber insurance
Cyber insurance and outsourcing with contractual liability transfer are classic examples of risk transfer. Accepting, avoiding, and mitigating are not transfer.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Accepting the risk with sign-off
Why it's wrong here
Acceptance retains risk.
- ✓
Purchasing cyber insurance
Why this is correct
Insurance transfers financial risk.
- ✗
Implementing access controls
Why it's wrong here
This is mitigation.
- ✗
Discontinuing the project
Why it's wrong here
This is avoidance.
- ✓
Outsourcing with liability clauses
Why this is correct
Contractual transfer shifts risk to vendor.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CRISC practice question is part of Courseiva's free ISACA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CRISC exam.