FRM 2026 Part II Current Issues in Financial Markets Cyber Risk Free Quiz 1

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FRM 2026 Part II Current Issues in Financial Markets Cyber Risk Free Quiz 1

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FRM 2026 Part II Current Issues in Financial Markets Cyber Risk Free Quiz 1

Practice FRM 2026 Part II Current Issues in Financial Markets MCQs from Cyber Risk. Get instant results with Explanation.

General10 MCQs

1. What is cyber risk?

A. Cyber risk is only about hackingB. Cyber risk is the risk of loss from IT failures, including cyber-attacks and data breachesC. Cyber risk is the same as operational riskD. Cyber risk is only for technology companies

2. What types of threats are included in cyber risk?

A. Cyber risk includes only malware and ransomwareB. Cyber risk is not a threat to financial institutionsC. Cyber risk includes malware, ransomware, phishing, and insider threatsD. Cyber risk is only external

3. What is the NIST Cybersecurity Framework?

A. The NIST Cybersecurity Framework has five functions: Identify, Protect, Detect, Respond, and RecoverB. The NIST framework has three functionsC. The NIST framework is only for government agenciesD. The NIST framework is not used in practice

4. What is the CIA triad in information security?

A. CIA stands for Confidentiality, Integrity, and AvailabilityB. CIA stands for Control, Investigation, and AssessmentC. CIA is not related to cyber riskD. CIA stands for Confidentiality, Integrity, and Availability

5. What is a data breach?

A. A data breach is the same as a cyber-attackB. A data breach is the unauthorised access or disclosure of sensitive dataC. Data breaches are not significantD. Data breaches only affect large corporations

General10 MCQs

6. What does cyber risk management involve?

A. Cyber risk management is a one-time exerciseB. Cyber risk management is only about installing antivirus softwareC. Cyber risk management is a continuous process of identification, protection, detection, response, and recoveryD. Cyber risk management is optional

7. What is the board's role in cyber risk management?

A. The board provides oversight of cyber risk managementB. The board is not involved in cyber riskC. Cyber risk is solely the responsibility of the IT departmentD. The board only focuses on financial risks

8. What is the role of cyber insurance?

A. Cyber insurance eliminates cyber riskB. Cyber insurance is not availableC. Cyber insurance is only for large companiesD. Cyber insurance is a risk transfer mechanism but does not replace robust risk management

9. What is multi-factor authentication (MFA)?

A. MFA is not an effective security controlB. MFA requires multiple verification factors and is a key cyber risk controlC. MFA is only for high-security systemsD. MFA is optional

10. What is patch management in cyber risk?

A. Patch management is not important for cyber riskB. Patch management is only for operating systemsC. Patch management fixes vulnerabilities and is a critical cyber controlD. Patch management is a one-time activity

📋 FRM - Test Online Practice Quizzes

FRM

Conducting Body: Global Association of Risk Professionals GARP

Frequency: three times a year: May, August, and November | Time: 240 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 100 MCQs):

Subject breakdown not available.

Merit Formula: -

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