CRISC Information Technology and Security Practice Question
A risk manager is using the FAIR model to quantify cyber risk. Which of the following inputs is MOST directly used to calculate probable financial loss?
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
✓
Loss event frequency and loss magnitude
FAIR calculates loss magnitude using loss event frequency and loss magnitude (monetary impact). The probable financial loss is derived from these factors.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Annualized loss expectancy (ALE)
Why it's wrong here
ALE is an output, not an input.
- ✓
Loss event frequency and loss magnitude
Why this is correct
These are the primary inputs to calculate probable financial loss.
- ✗
Vulnerability severity scores (CVSS)
Why it's wrong here
CVSS scores are technical measures, not direct financial inputs.
- ✗
Number of security incidents per year
Why it's wrong here
Incident count alone does not determine financial impact.
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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.