Final answer:
The most effective approach for identifying external IT security concerns and where to focus resources is to conduct a threat modeling exercise. This helps in understanding the potential threats and presenting a comprehensive view to the CISO and the board for funding.
Step-by-step explanation:
Appropriate Exercise for External IT Security Concerns
For a security analyst tasked with creating a list of external IT security concerns that includes different types of external actors, attack vectors, and vulnerabilities, the most effective approach would be to conduct a threat modeling exercise. This task goes beyond summarizing vulnerabilities or scanning systems. Threat modeling involves understanding potential attackers, defining relevant assets, and identifying what can go wrong. This process helps prioritize where to allocate resources effectively. It enables the analyst to present a comprehensive overview of threats and helps the CISO to request funding by showing the board areas of insufficient coverage.
While vulnerability scans and penetration tests (option C) are also important, they are generally more technical exercises focused on identifying specific, exploitable vulnerabilities rather than the broader external threat landscape. Researching industry best practices and RFCs (option B) provides useful background information, but does not directly address the organization's unique threats.