New CTPRP Exam Answers & Valid Dumps CTPRP Files

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2025 New CTPRP Exam Answers 100% Pass | High-quality Valid Dumps CTPRP Files: Certified Third-Party Risk Professional (CTPRP)

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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q269-Q274):

NEW QUESTION # 269
Which requirement is the MOST important for managing risk when the vendor contract terminates?

A. The responsibility to perform a financial review of outstanding invoices
B. The requirement to ensure secure data destruction and asset return
C. The commitment to perform a final assessment based upon due diligence standards
D. The obligation to define contract terms for transition services

Answer: B

Explanation:
When a vendor contract terminates, one of the most important requirements for managing risk is to ensure that the vendor securely destroys or returns any data or assets that belong to the organization or its customers. This is to prevent any unauthorized access, use, disclosure, or loss of sensitive information or resources that could result in legal, regulatory, reputational, or financial consequences. The organization should also verify that the vendor complies with this requirement by requesting evidence or conducting audits.
The other options are also important, but not as critical as ensuring data and asset security. Performing a financial review of outstanding invoices is necessary to avoid overpaying or underpaying the vendor, and to resolve any disputes or claims. Performing a final assessment based on due diligence standards is useful to evaluate the vendor's performance, identify any issues or gaps, and document any lessons learned or best practices. Defining contract terms for transition services is helpful to facilitate a smooth and orderly handover of responsibilities, deliverables, or processes to another vendor or internal team.
References:
* 1: Shared Assessments, a leading provider of third party risk management solutions, offers a comprehensive guide for Certified Third Party Risk Professional (CTPRP) candidates, which covers the core concepts and best practices of third party risk management, including vendor offboarding and termination.
* 2: Prevalent, a platform for third party risk management, provides a blog post on vendor offboarding and termination risk management, which includes a checklist and a template for secure data and asset destruction or return.
* 3: Spendflo, a platform for vendor risk management, provides a guide on vendor risk management, which includes the importance of data and asset security when terminating vendor contracts.

NEW QUESTION # 270
What is a crucial factor to consider when evaluating the security of image snapshots in a cloud hosting vendor assessment?

A. Assessing the physical security measures at data centers where image snapshots are stored.
B. Checking if the vendor has an ISO/IEC 27001 certification specifically for cloud security.
C. Ensuring the image snapshots are encrypted at rest and in transit to prevent unauthorized data access.
D. Reviewing whether image snapshots are stored in multiple geographical locations to ensure redundancy.

Answer: C

Explanation:
Encryption of image snapshots both at rest and during transmission is essential to protect sensitive data from unauthorized access, thereby maintaining data confidentiality and integrity.

NEW QUESTION # 271
Why is continuous monitoring of network activity important when a third party has access to an organization's network?

A. It ensures all vendor activities are fully automated and require minimal oversight.
B. It facilitates better collaboration between the organization and the vendor.
C. It helps in reducing the operational costs associated with network management.
D. It allows for the detection and mitigation of security threats in real time.

Answer: D

Explanation:
Continuous monitoring of network activity is important because it enables the organization to detect unusual or unauthorized activities early, allowing for timely interventions to prevent or mitigate potential security incidents.

NEW QUESTION # 272
A key component of an effective Asset Management Program is the ability to _______ losses or discrepancies promptly.

A. monitor and secure
B. analyze and report
C. track and log
D. identify and respond

Answer: D

Explanation:
The ability to identify and respond to losses or discrepancies quickly is crucial in minimizing the impact on the organization's operations and protecting sensitive information. Prompt response prevents further losses and resolves issues more efficiently.

NEW QUESTION # 273
Why is it important for an organization to recover assets and data from departing employees?

A. It assists in maintaining an accurate asset inventory
B. It helps in reallocating resources to other employees
C. It allows for an updated inventory of assets for financial reporting
D. It ensures the security and integrity of organizational data

Answer: B

Explanation:
It is important for an organization to recover assets and data from departing employees to ensure the security and integrity of organizational data. This recovery prevents potential data breaches or losses that could occur if sensitive information remained accessible.

NEW QUESTION # 274
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Newest Shared Assessments CTPRP Practice Questions in PDF Format for Quick Preparation

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New CTPRP Exam Answers & Valid Dumps CTPRP Files

2025 New CTPRP Exam Answers 100% Pass | High-quality Valid Dumps CTPRP Files: Certified Third-Party Risk Professional (CTPRP)

Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q269-Q274):

Newest Shared Assessments CTPRP Practice Questions in PDF Format for Quick Preparation

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