* Outsourcing IT security operations is a common practice that can provide benefits such as cost savings, access to specialized skills, and improved service quality12. However, outsourcing also introduces risks such as loss of control, dependency, contractual issues, and service failures12.
* When an organization outsources its IT security operations to a third party, it does not transfer the accountability for the risk associated with the outsourced operations. Accountability is the obligation to answer for the execution of one's assigned responsibilities34.
* The organization's management is ultimately accountable for the risk associated with the outsourced operations, as they are responsible for defining the organization's risk appetite, strategy, and objectives, and for ensuring that the organization's IT security operations are aligned with them34.
* The organization's management is also accountable for selecting, contracting, and overseeing the third party, and for ensuring that the third party meets the agreed service levels, standards, and compliance requirements34.
* The organization's management is also accountable for monitoring and reporting the risk associated with the outsourced operations, and for taking corrective actions when necessary34.
* The other options are not ultimately accountable, but rather have different roles and responsibilities in relation to the outsourced operations. For example:
* The third party's management is responsible for delivering the IT security services according to the contract, and for managing the risk within their own organization34. They are accountable to the organization's management, but not to the organization's stakeholders.
* The control operators at the third party are responsible for implementing and operating the IT security controls according to the service specifications, and for reporting any issues or incidents to the organization's management34. They are accountable to the third party's management, but not to the organization's management or stakeholders.
* The organization's vendor management office is responsible for facilitating the relationship between the organization and the third party, and for supporting the organization's management in
* the outsourcing process34. They are accountable to the organization's management, but not for the risk associated with the outsourced operations. References =
* 1: Outsourcing IT Security: A Risk Management Perspective, ISACA Journal, Volume 2, 2019
* 2: The Cyber Security Risks Of Outsourcing, Cybersecurity Intelligence, January 4, 2022
* 3: Accountability for Information Security Roles and Responsibilities, Part 1, ISACA Journal, Volume
5, 2019
* 4: Risk IT Framework, ISACA, 2009

is incorrect. Risk audit is a risk monitoring and control technique.

Explanation/Reference:
Explanation:
An enterprise's risk management capability maturity level is 1 when:
There is an understanding that risk is important and needs to be managed, but it is viewed as a

technical issue and the business primarily considers the downside of IT risk.
Any risk identification criteria vary widely across the enterprise.

Risk appetite and tolerance are applied only during episodic risk assessments.

Enterprise risk policies and standards are incomplete and/or reflect only external requirements and lack

defensible rationale and enforcement mechanisms.
Risk management skills exist on an ad hoc basis, but are not actively developed.

Ad hoc inventories of controls that are unrelated to risk are dispersed across desktop applications.

Incorrect Answers:
A: In level 3 of risk management capability maturity model, local tolerances drive the enterprise risk tolerance.
B: In level 2 of risk management capability maturity model, risk tolerance is set locally and may be difficult to aggregate.
C: In level 4 of risk management capability maturity model, business risk tolerance is reflected by enterprise policies and standards reflect.