TRAINING CTPRP MATERIAL & CTPRP EXAM STUDY GUIDE

Training CTPRP Material & CTPRP Exam Study Guide

Training CTPRP Material & CTPRP Exam Study Guide

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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q319-Q324):

NEW QUESTION # 319
What is the primary purpose of asset classification in risk management?

  • A. Guiding decisions on asset disposal and retirement
  • B. Establishing financial value for accounting purposes
  • C. Determining the appropriate level of protection, monitoring, and testing
  • D. Organizing physical assets for storage efficiency

Answer: C

Explanation:
The correct answer encapsulates the essential function of asset classification, which is to ensure that assets receive a level of protection, monitoring, and testing that is commensurate with their criticality and sensitivity. This approach is fundamental in managing risk efficiently.


NEW QUESTION # 320
Describe a scenario where poor management of image snapshot approvals could lead to a data breach in a cloud hosting vendor environment.

  • A. Despite having a robust image snapshot approval process, the vendor's slow response to a known vulnerability exposes sensitive data to risks.
  • B. A cloud service provider fails to properly restrict access to image snapshots, allowing unauthorized users to view and potentially manipulate sensitive organizational data.
  • C. The cloud service provider stores image snapshots with strong encryption, but fails to update encryption keys, resulting in outdated security measures.
  • D. Lack of regular audits on image snapshot processes leads to unnoticed corruption of data snapshots, affecting data recovery operations.

Answer: B

Explanation:
Unauthorized access to image snapshots can lead to the exposure of sensitive data. Proper access controls and management processes are essential to prevent such breaches and protect organizational data.


NEW QUESTION # 321
Scenario: An organization uses an application with extensive remote connectivity options. During a security review, what aspect should be the focal point to understand the potential risks?

  • A. Assess the remote connectivity options to identify potential vulnerabilities
  • B. Examine the processing speed of the application to ensure efficiency
  • C. Evaluate the licensing terms and conditions for any security implications
  • D. Review the customer support effectiveness for managing remote access issues

Answer: A

Explanation:
The correct answer highlights that remote connectivity options are vital to understand potential vulnerabilities, as they can expose the application to unauthorized access or attacks if not properly secured.


NEW QUESTION # 322
Which strategy is most effective for minimizing Fourth-Nth party risks in an organization's extended network?

  • A. Implementing uniform security protocols across all primary third-party partners.
  • B. Limiting the number of subcontractors used by direct third-party partners.
  • C. Focusing on strengthening the security measures of primary third-party partners.
  • D. Conducting comprehensive due diligence on all parties within the extended network.

Answer: D

Explanation:
Comprehensive due diligence on all entities within the extended network is the most effective strategy to minimize Fourth-Nth party risks. This approach ensures that the risks associated with subcontractors, vendors, and other indirect relationships are identified, assessed, and managed properly.


NEW QUESTION # 323
Which of the following actions reflects the first step in developing an emergency response plan?

  • A. Consider work-from-home parameters in the emergency response plan
  • B. Use the results of continuous monitoring tools to develop the emergency response plan
  • C. incorporate periodic crisis management team tabletop exercises to test different scenarios
  • D. Conduct an assessment that includes an inventory of the types of events that have the greatest potential to trigger an emergency response plan

Answer: D

Explanation:
An emergency response plan (ERP) is a document that outlines the procedures and actions to be taken by an organization in the event of a disruptive incident that threatens its operations, assets, reputation, or stakeholders1. An ERP should be aligned with the organization's business continuity and disaster recovery plans, and should cover the roles and responsibilities, communication channels, escalation processes, resources, and recovery strategies for different types of emergencies2.
The first step in developing an ERP is to conduct an assessment that includes an inventory of the types of events that have the greatest potential to trigger an ERP3. This assessment should consider the likelihood and impact of various scenarios, such as natural disasters, cyberattacks, pandemics, civil unrest, terrorism, or supply chain disruptions, and identify the critical functions, processes, assets, and dependencies that could be affected by these events4. The assessment should also evaluate the existing capabilities and gaps in the organization's preparedness and response, and prioritize the areas that need improvement or enhancement5.
The assessment should be based on a comprehensive risk analysis and a business impact analysis, and should involve input from relevant stakeholders, such as senior management, business units, IT, security, legal, compliance, human resources, and third parties.
The other options are not the first step in developing an ERP, but rather subsequent or complementary steps that should be performed after the initial assessment. Considering work-from-home parameters, incorporating periodic crisis management team tabletop exercises, and using the results of continuous monitoring tools are all important aspects of an ERP, but they are not the starting point for creating one. These steps should be based on the findings and recommendations of the assessment, and should be updated and tested regularly to ensure the effectiveness and relevance of the ERP. References: 1: What is an Emergency Response Plan? | IBM 2: Emergency Response Plan | Ready.gov 3: 8 Steps to Building a Third-Party Incident Response Plan | Prevalent 4: How to create an effective business continuity plan | CIO 5: Emergency Response Planning: 4 Steps to Creating a Plan : Third-Party Risk Management: Final Interagency Guidance : Improving Third-Party Incident Response | Prevalent


NEW QUESTION # 324
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Getting the Certified Third-Party Risk Professional (CTPRP) (CTPRP) certification will highly expand your expertise. To achieve the CTPRP certification you need to prepare well. CTPRP exam dumps are a great way to assess your skills and abilities. CTPRP Questions can help you identify your strengths and weaknesses and better understand what you're good at. You should take a CTPRP Practice Exam to prepare for the Certified Third-Party Risk Professional (CTPRP) (CTPRP) certification exam. With CTPRP exam preparation software, you can practice your skills and improve your performance.

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