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Shared Assessments CTPRP practice test software contains many Shared Assessments CTPRP practice exam designs just like the real Certified Third-Party Risk Professional (CTPRP) (CTPRP) exam. These CTPRP practice exams contain all the CTPRP questions that clearly and completely elaborate on the difficulties and hurdles you will face in the final CTPRP Exam. We update our Shared Assessments CTPRP exam questions bank regularly to match the changes and improve the quality of CTPRP questions so you can get a better experience.

Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q251-Q256):

NEW QUESTION # 251
How does the criticality of the service provided by a third party affect the questionnaire design?

• A. It encourages a more lenient approach to assessing less critical services.
• B. It allows for a shorter, more general questionnaire for all third parties.
• C. It leads to an increase in the number of questions regardless of relevance.
• D. It dictates the level of detail and breadth of security domains to be included.

Answer: D

Explanation:
The criticality of the service provided by the third party dictates the level of detail and the scope of the security domains included in the questionnaire. For critical services, a more detailed and comprehensive approach is necessary to thoroughly assess potential risks and ensure robust security measures are in place.

NEW QUESTION # 252
An employee is transitioning to a different department within the same organization. According to the offboarding statement, which of the following steps should be taken regarding the employee's current device?

• A. The device should be immediately destroyed to prevent data leakage.
• B. The data should be securely transferred or erased even if the device will be reassigned within the organization.
• C. No specific action is required; the device can be handled according to the new department's policies.
• D. The employee is allowed to keep the device as long as it no longer contains sensitive information.

Answer: B

Explanation:
Even if a device is to remain within the organization, the offboarding procedures ensure that all data pertinent to the former role is securely handled to maintain data integrity and prevent any potential security risks.

NEW QUESTION # 253
When a third-party vendor fails to adhere to the required security standards, which of the following is the most appropriate initial action?

• A. Implementing stricter company-wide policies without addressing specific vendor issues.
• B. Ignoring the issue unless a security breach occurs.
• C. Conducting a secondary assessment to gauge the extent of non-compliance.
• D. Requesting immediate corrective actions to meet compliance standards.

Answer: D

Explanation:
This action directly addresses the non-compliance by requiring the vendor to rectify the problem, aligning with the principles of risk management which prioritize compliance and safeguarding the company's operations and reputation.

NEW QUESTION # 254
Once a vendor questionnaire is received from a vendor what is the MOST important next step when evaluating the responses?

• A. Calculate the total number of findings to rate the effectiveness of the vendor response
• B. Update the vender risk registry and vendor inventory with the results in order to complete the assessment
• C. Analyze the responses to identify adverse or high priority responses to prioritize controls that should be tested
• D. Document your analysis and provide confirmation to the business unit regarding receipt of the questionnaire

Answer: C

Explanation:
The most important next step after receiving a vendor questionnaire is to analyze the responses and identify any gaps, issues, or risks that may pose a threat to the organization or its customers. This analysis should be based on the inherent risk profile of the vendor, the criticality of the service or product they provide, and the applicable regulatory and contractual requirements. The analysis should also highlight any adverse or high priority responses that indicate a lack of adequate controls, policies, or procedures on the vendor's part. These responses should be prioritized for further validation, testing, or remediation. The analysis should also document any assumptions, limitations, or dependencies that may affect the accuracy or completeness of the vendor's responses. References:
* Shared Assessments CTPRP Study Guide, Section 4.2.2, page 43
* Third-Party Risk Management: Managing Risk, Section "Assessing and monitoring third-party risk"
* What Is Third-Party Risk Management (TPRM)? 2024 Guide, Section "Third-Party Risk Management Process"

NEW QUESTION # 255
In an annual review, a company finds that some leased equipment is not documented. What should be the first action according to asset management standards?

• A. Perform a cost-benefit analysis on the continued leasing of the equipment
• B. Initiate disciplinary action against the procurement team
• C. Update the asset inventories to include the missing equipment
• D. Request immediate return of all unrecorded assets from employees

Answer: C

Explanation:
The correct answer for managing missing leased equipment in asset inventories involves updating the records. This step ensures that all assets are accounted for, which is critical for maintaining control over organizational assets and planning for future needs.

NEW QUESTION # 256
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