CRISC Information Technology and Security Practice Question
According to the FAIR model, which TWO of the following are primary components used to calculate probable financial impact of a cyber incident?
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 Magnitude (LM)
FAIR model decomposes risk into Loss Event Frequency (LEF) and Loss Magnitude (LM). These two components are multiplied to derive risk.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Loss Magnitude (LM)
Why this is correct
LM estimates the financial impact per loss event.
- ✗
Threat intelligence feed
Why it's wrong here
Threat intelligence informs LEF but is not a component itself.
- ✗
Control effectiveness score
Why it's wrong here
Control effectiveness influences LEF but is not a primary component.
- ✓
Loss Event Frequency (LEF)
Why this is correct
LEF estimates how often a loss event may occur.
- ✗
Vulnerability severity score
Why it's wrong here
Vulnerability severity is a factor, not a primary component in FAIR.
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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.