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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q36-Q41):
NEW QUESTION # 36
Which of the following scenarios best illustrates proactive third-party risk management?
- A. A company waits for an annual review to assess vendor and subcontractor compliance.
- B. A company renegotiates the contract terms to include stricter compliance guidelines after an incident.
- C. A company reviews only their direct vendor's compliance, assuming subcontractors align.
- D. A company conducts regular audits on all subcontractors to ensure compliance with data protection laws before issues arise.
Answer: D
Explanation:
Proactively auditing subcontractors ensures any non-compliance is discovered and addressed before it can become a liability, thus illustrating effective third-party risk management by preemptively safeguarding the company's interests.
NEW QUESTION # 37
Describe a scenario where inadequate patch management by a CSP leads to compliance issues for a customer.
- A. The CSP provides regular updates, but fails to cover all critical systems, exposing them to known vulnerabilities.
- B. CSP updates patches too frequently, causing system instability and frequent downtime.
- C. Patching is done without proper scheduling, causing system downtime during peak business hours.
- D. A CSP neglects to update a critical security patch, resulting in a data breach that violates industry compliance standards.
Answer: D
Explanation:
Inadequate patch management can lead to serious compliance issues if critical patches are not applied timely, exposing sensitive data and violating compliance standards.
NEW QUESTION # 38
What is the primary difference between a regulation and a standard?
- A. Standards are generally more strict and legally binding compared to regulations.
- B. Regulations are suggestions by government bodies, whereas standards are legal requirements set by international bodies.
- C. Both regulations and standards are optional frameworks that organizations can choose to adopt.
- D. Regulations are mandatory and have legal force, while standards are voluntary guidelines unless adopted by regulations.
Answer: D
Explanation:
The distinction between regulations and standards is fundamental: regulations are binding legal requirements set by governmental bodies to enforce legislation, ensuring uniformity in law application across all relevant entities. In contrast, standards are guidelines typically developed by private sectors that become mandatory only if referenced by a regulation.
NEW QUESTION # 39
Which of the following statements is FALSE about Data Loss Prevention Programs?
- A. DLP programs include acknowledgement the company can apply controls to remove any data
- B. DLP programs define the consequences for non-compliance to policies
- C. DLP programs define the required policies based on default tool configuration
- D. DLP programs include the policy, tool configuration requirements, and processes for the identification, blocking or monitoring of data
Answer: C
Explanation:
Data Loss Prevention (DLP) programs are not based on default tool configuration, but on the specific needs and risks of the organization. DLP programs should be tailored to the data types, locations, flows, and users that are relevant to the business. DLP programs should also align with the regulatory and contractual obligations, as well as the data risk appetite, of the organization. Default tool configuration may not adequately address these factors and may result in either over-blocking or under-protecting data. Therefore, statement C is false about DLP programs. References:
* 1: The Best Data Loss Prevention Software Tools - Comparitech
* 2: Build a Successful Data Loss Prevention Program in 5 Steps - Gartner
* 3: What is data loss prevention (DLP)? | Microsoft Security
NEW QUESTION # 40
Your company has been alerted that an IT vendor began utilizing a subcontractor located in a country restricted by company policy. What is the BEST approach to handle this situation?
- A. Notify management to approve an exception and ensure that contract provisions require prior
"notification and evidence of subcontractor due diligence - B. inform the business unit and recommend that the company cease future work with the IT vendor due to company policy
- C. Inform the business unit and ask the vendor to replace the subcontractor at their expense in "order to move the processing back to an approved country
- D. Update the vender inventory with the mew location information in order to schedule a reassessment
Answer: C
Explanation:
This answer is the best approach because it aligns with the principles of third-party risk management, which include ensuring compliance with company policies, contractual obligations, and regulatory requirements. By asking the vendor to replace the subcontractor, the company is exercising its right to terminate or modify the relationship if the vendor fails to meet the agreed-upon standards or poses unacceptable risks. This also minimizes the potential impact of the vendor's non-compliance on the company's reputation, operations, and data security. The other options are less effective because they either ignore the issue, compromise the company's policy, or rely on the vendor's self-assessment without verification. References:
* Third Party Risk Management Framework, Module 3: Program Governance, Section 3.2: Policies and Procedures, p. 14
* Third Party Risk Management Framework, Module 4: Program Components, Section 4.3: Contracting, p. 24
* Third Party Risk Management Framework, Module 5: Program Implementation, Section 5.2: Ongoing Monitoring, p. 32
* Best-Practices Guidance for Third-Party Risk, Section: Defend Against Privileged User Risks, p. 2
* Five Best Practices to Manage and Control Third-Party Risk, Section: Best Practices for Controlling Third-Party Vendor Risks, p. 3
NEW QUESTION # 41
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