CRISC IT Risk Assessment Practice Question
An organization is evaluating the impact of a potential data breach. Which THREE of the following are considered indirect financial impacts?
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
✓
Legal fees from lawsuits
Indirect financial impacts include lost business, reputation damage, and opportunity costs.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Incident response costs
Why it's wrong here
Incident response is a direct cost.
- ✓
Legal fees from lawsuits
Why this is correct
Legal fees can be indirect or direct; in this context, they are often indirect costs of defending lawsuits.
- ✗
Notification costs to affected individuals
Why it's wrong here
Notification is a direct cost.
- ✓
Lost customer business
Why this is correct
Lost business is an indirect cost.
- ✓
Reputation damage leading to lower stock price
Why this is correct
Reputation impact is indirect financial.
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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.