SHARED ASSESSMENTS CTPRP EXAM TUTORIAL | REGUALER CTPRP UPDATE

Shared Assessments CTPRP Exam Tutorial | Regualer CTPRP Update

Shared Assessments CTPRP Exam Tutorial | Regualer CTPRP Update

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Tags: CTPRP Exam Tutorial, Regualer CTPRP Update, CTPRP Practice Exam Online, CTPRP Actual Tests, Updated CTPRP CBT

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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q222-Q227):

NEW QUESTION # 222
What is essential to verify when assessing a vendor with network access to ensure security?

  • A. That their services are the cheapest available to reduce costs.
  • B. That their security controls meet the organization's standards.
  • C. That they use the most advanced technology, regardless of compatibility.
  • D. That the vendor's staff are trained in the organization's internal processes.

Answer: B

Explanation:
When a vendor has network access, it's essential to verify that their security controls are aligned with the organization's standards to maintain a consistent security posture and prevent potential breaches.


NEW QUESTION # 223
What is the primary purpose of analyzing responses from a vendor questionnaire?

  • A. To assess the vendor's alignment with the organization's strategic objectives
  • B. To identify any gaps, issues, or risks that may pose a threat to the organization or its customers
  • C. To compare the vendor's performance against industry benchmarks
  • D. To finalize the contract terms and conditions with the vendor

Answer: B

Explanation:
The primary purpose of analyzing responses from a vendor questionnaire is to identify any potential gaps, issues, or risks that could threaten the organization or its customers. This analysis helps in understanding vulnerabilities and areas needing attention to ensure vendor alignment with the organization's safety and compliance standards.


NEW QUESTION # 224
Which factor describes the concept of criticality of a service provider relationship when determining vendor classification?

  • A. Criticality is assigned to the subset of vendor relationships that pose the greatest impact due to their unavailability
  • B. Criticality is limited to only the set of vendors involved in providing disaster recovery services
  • C. Criticality is described as the set of vendors with remote access or network connectivity to company systems
  • D. Criticality is determined as all high risk vendors with access to personal information

Answer: A

Explanation:
Criticality is a measure of how essential a service provider is to the organization's core business functions and objectives. It reflects the potential consequences of a service disruption or failure on the organization's operations, reputation, compliance, and financial performance. Criticality is not the same as risk, which is the likelihood and severity of a negative event occurring. Criticality helps to prioritize the risk assessment and mitigation efforts for different service providers based on their relative importance to the organization.
Criticality is not limited to a specific type of service, such as disaster recovery or personal information, nor is it determined by the mode of access or connectivity. Criticality is assigned to the service providers that have the greatest impact on the organization's ability to deliver its products or services to its customers and stakeholders in a timely and satisfactory manner. References:
* Shared Assessments. (2020). Certified Third Party Risk Professional (CTPRP) Study Guide1
* Milliman. (2017). Defining "critical or important functions or activities" for outsourcing purposes2
* Webster, C. and Sundaram, D.S. (2009). Effect of service provider's communication style on customer satisfaction in professional services setting: the moderating role of criticality and service nature. Journal of Services Marketing, 23(2), 103-1131


NEW QUESTION # 225
To mitigate risks from external connections, an asset management program must track assets that connect to ________.

  • A. On-premises only data processing equipment
  • B. Cloud storage solutions only accessible by top management
  • C. External parties, networks, or systems
  • D. Internal databases without external access

Answer: C

Explanation:
The correct answer addresses the need to track any assets that connect to external parties, networks, or systems. This tracking is essential as such connections can introduce additional risks and dependencies that need to be managed.


NEW QUESTION # 226
Considering a cybersecurity audit, what would auditors most likely assess about the 'Private internal' layer in a large corporation?

  • A. The effectiveness of encryption on sensitive data
  • B. The redundancy of backup power supplies for servers
  • C. The integration of the latest antivirus software
  • D. The alignment with global data protection regulations

Answer: A

Explanation:
Auditors would likely assess the effectiveness of encryption on sensitive data within the 'Private internal' layer to ensure that the data remains secure from unauthorized access and breaches. This assessment helps verify that the encryption protocols are adequately protecting the data as intended.


NEW QUESTION # 227
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2025 Shared Assessments CTPRP: Certified Third-Party Risk Professional (CTPRP) Exam Tutorial

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