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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q137-Q142):

NEW QUESTION # 137
Which of the following data safeguarding techniques provides the STRONGEST assurance that data does not identify an individual?

A. Data encryption
B. Data compression
C. Data masking
D. Data anonymization

Answer: D

Explanation:
Data anonymization is the process of removing or altering any information that can be used to identify an individual from a data set. This technique provides the strongest assurance that data does not identify an individual, as it makes it impossible or extremely difficult to link the data back to the original source. Data anonymization can be achieved by various methods, such as generalization, suppression, perturbation, or pseudonymization12. Data anonymization is often used for privacy protection, compliance with data protection regulations, and data sharing purposes3. References:
* 1: Data Security: Definition, Importance, and Types | Fortinet
* 2: Data Security Best Practices: Top 10 Data Protection Methods - Ekran System
* 3: Data anonymization - Wikipedia

NEW QUESTION # 138
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. Update the vender inventory with the mew location information in order to schedule a reassessment
D. 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

Answer: D

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 # 139
After a data breach, what is a primary focus of the procedures outlined in the data privacy policy?

A. The transition to a more secure data storage platform.
B. Notification processes and responsibilities.
C. Immediate and total data encryption of all stored data.
D. Reviewing and updating all access permissions immediately.

Answer: B

Explanation:
Following a data breach, data privacy policies should primarily focus on notification processes and responsibilities. This ensures that all affected parties are informed promptly and appropriately, in line with regulatory requirements and to minimize potential harm.

NEW QUESTION # 140
What is a direct consequence of a TPRM program that can efficiently manage the time to remediate issues?

A. More rigorous compliance with regulatory requirements and standards.
B. Strengthened stakeholder confidence and trust in the organization's risk management.
C. Increased speed in achieving compliance and reducing potential fines.
D. Improved risk mitigation and enhanced operational performance.

Answer: D

Explanation:
A TPRM program that effectively manages the time to remediate issues typically results in improved risk mitigation and enhanced operational performance. Quick and effective resolution of issues not only reduces the window of exposure to vulnerabilities but also supports business continuity and stability, reflecting positively on the overall health of the organization's risk management efforts.

NEW QUESTION # 141
Which statement is TRUE regarding a vendor's approach to Environmental, Social, and Governance (ESG) programs?

A. ESG expectations are driven by a company's executive team for internal commitments end not external entities
B. ESG obligations only apply to a company with publicly traded stocks
C. ESG commitments can only be measured qualitatively so it cannot be included in vendor due diligence standards
D. ESG requirements and programs may be directed by regulatory obligations or in response to company commitments

Answer: D

Explanation:
ESG programs are initiatives that aim to improve the environmental, social, and governance performance of a vendor or service provider. ESG programs may be driven by various factors, such as regulatory obligations, customer expectations, stakeholder pressure, industry standards, or company commitments. Therefore, statement B is true and the correct answer is B. Statement A is false because ESG expectations may come from external entities, such as regulators, investors, customers, or civil society. Statement C is false because ESG commitments can be measured both qualitatively and quantitatively, using indicators such as carbon emissions, diversity, ethics, or compliance. Statement D is false because ESG obligations may apply to any company, regardless of its size, ownership, or sector. References:
* Third-party risk management and the ESG agenda
* ESG third-party risk
* The Role of Third-Party Risk Management in ESG Compliance

NEW QUESTION # 142
......

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100% Pass Quiz 2025 Shared Assessments Reliable CTPRP: Valid Dumps Certified Third-Party Risk Professional (CTPRP) Ebook

CTPRP Latest Exam Pattern - Instant CTPRP Access

Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q137-Q142):

Valid Dumps CTPRP Ebook - High-Efficient CTPRP Latest Exam Pattern and Correct Instant Certified Third-Party Risk Professional (CTPRP) Access

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