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Third-Party Risk Management

5 minutes 5 Questions

Third-Party Risk Management (TPRM) is a critical component of supply chain security, focusing on managing and mitigating risks associated with outsourcing IT services, procurement, and vendors. TPRM encompasses assessing, identifying, monitoring, and mitigating risks throughout the third-party rela…

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CISSP - Third-Party Risk Management Example Questions

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Question 1

A third-party vendor with access to sensitive customer data has experienced a data breach. What should be your organization's initial response?

Correct Answer: Notify the affected customers, review the incident with the vendor, and take appropriate action to prevent future breaches.

The correct answer is to notify the affected customers, review the incident with the vendor, and take appropriate action to prevent future breaches. This response ensures that proper communication, assessment, and remediation measures are taken. The other answers are either lacking communication, investigation, or collaboration with the vendor.

Question 2

An annual audit of your third-party vendors has revealed that several vendors have poor security practices. What should your organization do to address these findings?

Correct Answer: Require vendors to implement improvements to their security practices and schedule follow-up assessments to ensure compliance.

The correct answer is to require vendors to implement improvements to their security practices and schedule follow-up assessments to ensure compliance. This approach addresses the issues identified in the audit and ensures that vendors adhere to appropriate security standards. The other answers do not provide a comprehensive solution to the problem.

Question 3

Your organization is planning to use a third-party cloud service provider for data storage. Which of the following should be included in your approach to mitigate data privacy risks?

Correct Answer: Ensure the cloud service provider complies with relevant data protection regulations and obtain a written agreement to that effect.

The correct answer is to ensure the cloud service provider complies with relevant data protection regulations and obtain a written agreement to that effect. This approach ensures that data privacy risks are properly managed. The other answers do not provide sufficient measures to mitigate data privacy risks.

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