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Free Download Shared Assessments CTPRP: Certified Third-Party Risk Professional (CTPRP) New Dumps - Trustable VerifiedDumps CTPRP Valid Braindumps Files

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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q316-Q321):

NEW QUESTION # 316
Which statement is NOT an example of the purpose of internal communications and information sharing using TPRM performance metrics?

A. To document the agreed upon corrective action plan between external parties based on the severity of findings
B. To develop and provide periodic reporting to management based on TPRM results
C. To communicate the status of policy compliance with TPRM onboarding, periodic assessment and off-boarding requirements
D. To communicate the status of findings identified in vendor assessments and escalate issues es needed

Answer: A

Explanation:
The purpose of internal communications and information sharing using TPRM performance metrics is to inform and align the organization's stakeholders on the status, progress, and outcomes of the TPRM program.
This includes communicating the results of vendor assessments, the compliance level of the organization's policies and procedures, and the periodic reporting to management and other relevant parties. However, documenting the corrective action plan between external parties is not an internal communication, but rather an external one. This is because the corrective action plan is a formal agreement between the organization and the vendor to address and resolve the issues identified in the assessment. Therefore, this statement is not an example of the purpose of internal communications and information sharing using TPRM performance metrics. References:
* 15 KPIs & Metrics to Measure the Success of Your TPRM Program
* Third-party risk management metrics: Best practices to enhance your program
* 3 Best Third-Party Risk Management Software Solutions (2024)

NEW QUESTION # 317
Who must be notified when an incident involving personally identifiable information (PII) occurs?

A. Only the internal IT department and the affected individuals.
B. Only the highest executive officers within the company.
C. Data owners, regulators, and potentially law enforcement.
D. The media and all external stakeholders indiscriminately.

Answer: C

Explanation:
When personally identifiable information is involved in a security incident, it's crucial to notify data owners and regulatory authorities to comply with privacy laws and to involve law enforcement if the breach may have legal repercussions or require investigation.

NEW QUESTION # 318
What is the primary objective of application security design standards?

A. To accelerate the software development process and reduce time to market.
B. To document the software development life cycle for regulatory purposes only.
C. To ensure that the software is capable of handling high transaction volumes.
D. To design, develop, and deploy secure applications that align with organizational and customer security expectations.

Answer: D

Explanation:
Application security design standards aim to guide the secure creation and implementation of software applications, ensuring they meet both the security goals of the organization and the expectations of its customers, thus protecting against common security vulnerabilities.

NEW QUESTION # 319
Why is it important to understand the specific data subject category like customers or employees under GDPR?

A. It helps tailor data protection measures to the expectations and rights of the data subjects.
B. It provides a basis for imposing penalties for non-compliance without detailed review.
C. It is primarily used for categorizing data storage solutions, not compliance.
D. It standardizes data handling procedures across all departments indiscriminately.

Answer: A

Explanation:
Understanding specific data subject categories like customers or employees is important because it allows organizations to align their data protection measures with the particular expectations and legal rights of those groups. This ensures more effective and respectful handling of personal data.

NEW QUESTION # 320
Which regulatory standard requires the use of multi-factor authentication to protect data?

A. Payment Card Industry Data Security Standard (PCI DSS)
B. Federal Information Security Management Act (FISMA)
C. National Institute of Standards and Technology (NIST) SP 800-63
D. Health Insurance Portability and Accountability Act (HIPAA)

Answer: A

Explanation:
PCI DSS explicitly requires multi-factor authentication for accessing systems that handle payment card data, reflecting its importance in protecting sensitive financial information.

NEW QUESTION # 321
......

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