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Shared Assessments Certified Third-Party Risk Professional (CTPRP) Sample Questions (Q115-Q120):

NEW QUESTION # 115
In disaster recovery, the initial step should always be to assess the _______.

A. extent of the disruption
B. number of affected customers
C. scale of financial loss
D. scope of data affected

Answer: A

Explanation:
Understanding the extent of the disruption is essential as the initial step in disaster recovery. This knowledge allows the organization to effectively allocate resources and prioritize recovery actions based on the most critical areas of impact.

NEW QUESTION # 116
What is an example of a risk treatment option that involves shifting the responsibility of the risk to another entity?

A. Negotiating terms and conditions through contracts
B. Applying insurance policies to cover potential losses
C. Reducing the risk by implementing advanced technologies
D. Establishing an internal control system to limit exposure

Answer: A

Explanation:
This is the correct answer because risk transfer involves shifting risk responsibilities to another party, which typically requires negotiating contract terms to clearly define the scope and limits of this transfer.

NEW QUESTION # 117
The offboarding statement typically outlines the procedures for securely erasing or transferring all ________ from the device.

A. user settings
B. personal preferences
C. accounts information
D. organizational data

Answer: D

Explanation:
The statement typically includes detailed procedures for handling organizational data during offboarding to ensure that all such data is handled securely, thus maintaining data integrity and compliance with organizational policies.

NEW QUESTION # 118
During a contract review with a software vendor, what would be a primary focus to mitigate performance risk?

A. Ensuring the vendor has adequate cybersecurity measures
B. Review of vendor's financial health and stability
C. Alignment of vendor's capabilities with service requirements
D. Vendor's compliance with relevant regulatory standards

Answer: C

Explanation:
During a contract review, focusing on the alignment of the vendor's capabilities with the specified service requirements helps in mitigating performance risk. This ensures that the vendor can meet the expected service delivery standards and adhere to the contract specifications.

NEW QUESTION # 119
In a scenario where an e-commerce platform's payment gateway vendor experiences an outage, what should be the primary focus of the impact analysis?

A. The impact on the organization's stock price or investor relations
B. The extent of the impact on online sales revenue and customer transactions
C. The potential legal liabilities arising from the disruption
D. The timeline for the vendor to restore full service functionality

Answer: B

Explanation:
In the e-commerce scenario, the primary focus should be on how the payment gateway outage affects sales transactions and overall online revenue, as this directly correlates to the business's ability to generate income during the outage.

NEW QUESTION # 120
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