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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q60-Q65):

NEW QUESTION # 60
Which factor is less important when reviewing application risk for application service providers?

A. The functionality and type of data the application processes
B. The number of software releases
C. Remote connectivity
D. APl integration

Answer: B

Explanation:
When reviewing application risk for application service providers, the most important factors are the functionality and type of data the application processes, the remote connectivity options, and the APl integration methods. These factors determine the level of exposure, sensitivity, and complexity of the application, and thus the potential impact and likelihood of a security breach or a compliance violation. The number of software releases is less important, as it does not directly affect the application's security or functionality. However, it may indicate the maturity and quality of the software development process, which is another aspect of application risk assessment. References:
* Application Security Risk: Assessment and Modeling, ISACA Journal, Volume 2, 2016

NEW QUESTION # 61
Considering a robust cloud hosting vendor assessment, why is it important to verify the procedures for deleting image snapshots?

A. Ensuring that image snapshots are stored in at least three different locations to provide geographic redundancy.
B. Reviewing the frequency of security audits conducted on the image snapshot storage systems.
C. Analyzing the scalability of image snapshot processes to handle increasing data volumes effectively.
D. Validation that deletion protocols for image snapshots include comprehensive logs and verifiable trails to confirm proper disposal.

Answer: D

Explanation:
Deletion protocols with logs and verification trails are crucial to ensure that when data is deleted, it is irrecoverable, maintaining compliance with data protection regulations and preventing unauthorized data recovery.

NEW QUESTION # 62
A bank experiences a cyber attack that disrupts its online services for several hours. How soon must it notify its primary federal regulator?

A. Within one week of the incident being fully documented.
B. Within 48 hours of receiving the first complaint from customers.
C. Within 72 hours of resolving the security issue.
D. As soon as possible, but no later than 36 hours after the incident.

Answer: D

Explanation:
For banks affected by a cybersecurity incident that materially disrupts their services, the rule mandates notification to their primary federal regulator as soon as possible, but no later than 36 hours after becoming aware of the incident, ensuring prompt regulatory oversight.

NEW QUESTION # 63
When selecting an external continuous monitoring solution, what is a crucial component for assessing the financial health of a vendor?

A. Quarterly earnings forecasts published by financial analysts
B. Reports that identify changes in vendor financial viability
C. General news updates about the vendor's industry
D. Media coverage and public perception analysis

Answer: B

Explanation:
Reports on changes in financial viability are essential for assessing whether a vendor can sustain its business operations, invest in necessary security measures, and meet its contractual obligations, which is crucial for maintaining a secure and reliable supply chain.

NEW QUESTION # 64
In risk management, what contractual arrangement can be used to transfer risk by shifting liability to a third party?

A. Warranties that guarantee product or service performance
B. Implementing strict data security measures within the organization
C. Service level agreements that define performance metrics and penalties
D. Indemnity clauses that require compensation for losses

Answer: C

Explanation:
Service level agreements are a form of contractual arrangement used to transfer specific operational risks by outlining terms that ensure the third party adheres to agreed standards, making it a correct example of risk transfer.

NEW QUESTION # 65
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