Expert Answers to Shared Assessments Exam CTPRP Questions

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Third Party Risk Management Certified Third-Party Risk Professional (CTPRP)

Certified Third-Party Risk Professional (CTPRP)

Last Update Dec 26, 2024
Total Questions : 125

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Questions 2

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

Options:

Criticality is limited to only the set of vendors involved in providing disaster recovery services

Criticality is determined as all high risk vendors with access to personal information

Criticality is assigned to the subset of vendor relationships that pose the greatest impact due to their unavailability

Criticality is described as the set of vendors with remote access or network connectivity to company systems

Discussion 0

Questions 3

Which statement is FALSE regarding the primary factors in determining vendor risk classification?

Options:

The geographic area where the vendor is located may trigger specific regulatory obligations

The importance to the outsourcer's recovery objectives may trigger a higher risk tier

The type and volume of personal data processed may trigger a higher risk rating based on the criticality of the systems

Network connectivity or remote access may trigger a higher vendor risk classification only for third parties that process personal information

Discussion 0

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Questions 4

Which statement reflects a requirement that is NOT typically found in a formal Information Security Incident Management Program?