Describe AI Risk Management Frameworks, Tools, and Techniques. NIST-CYBERSECURITY-FRAMEWORK-2 Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   In AI risk management, what is the purpose of risk analysis?

   • ATo decide whether risks are acceptable or require treatment.
   • BTo understand the nature and characteristics of identified risks, including their likelihood and potential impact.
   • CTo identify potential risks that could affect the AI system.
   • DTo implement measures to reduce or eliminate risks.
   Reveal Solution Discussion Select an answer first
2. 17foundation · easy

   Which risk management technique involves comparing the results of risk analysis against established risk criteria to determine if a risk is acceptable?

   • ARisk monitoring
   • BRisk identification
   • CRisk treatment
   • DRisk evaluation
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4. 18expert · hard

   An organization has deployed an AI system for real-time fraud detection. The risk team needs to ensure that the model remains accurate and unbiased over time. They are considering implementing a tool that can detect when the model's performance degrades due to changes in the underlying data distribution. Which tool is most appropriate for this ongoing need?

   • AAI monitoring system with drift detection and alerting
   • BVulnerability scanner
   • CModel validation tool used at deployment
   • DRisk assessment template
   Reveal Solution Discussion Select an answer first
5. 19application · medium

   An organization has deployed an AI chatbot for customer service. The risk team wants to continuously monitor the model's performance and detect when the model's behavior drifts from expected patterns, which could indicate a problem. Which type of tool is most suitable for this ongoing monitoring?

   • AStatic risk assessment templates
   • BVulnerability scanners for network security
   • CAI monitoring systems that track performance metrics and alert on anomalies
   • DModel validation tools used only at deployment
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6. 20foundation · easy

   What is the primary function of an AI monitoring system in risk management?

   • ATo continuously track model performance and detect drift or anomalies in production.
   • BTo document risk assessment results for compliance audits.
   • CTo validate model accuracy before initial deployment.
   • DTo automate the process of retraining models with new data.
   Reveal Solution Discussion Select an answer first