[2025] Valid CIS-TPRM test answers & ServiceNow CIS-TPRM exam pdf
Verified CIS-TPRM dumps Q&As - Pass Guarantee or Full Refund
NEW QUESTION # 94
Which feature in ServiceNow GRC is crucial for ensuring continuous compliance monitoring of third-party risks?
Response:
- A. Automated workflows and real-time data feeds
- B. Annual risk assessment schedules
- C. Static risk reports
- D. Manual data entry
Answer: B
NEW QUESTION # 95
What is the primary driver for implementing Third-party Risk Management in an organization?
Response:
- A. To improve the organization's public image
- B. To enhance marketing efforts
- C. To comply with regulatory requirements and protect the organization from third-party risks
- D. To reduce the cost of outsourcing services
Answer: C
NEW QUESTION # 96
What is the benefit of engaging with third parties for feedback on the risk assessment process?
Response:
- A. It simplifies the assessment process by limiting the scope of questions
- B. It enhances the assessment process by incorporating insights from third parties, leading to more effective risk management
- C. It allows third parties to take control of the assessment process
- D. It reduces the time required to complete assessments
Answer: B
NEW QUESTION # 97
Third-party Risk Assessment Generation involves:
Response:
- A. Sole reliance on third-party self-assessments.
- B. Automated generation of assessments based on predefined triggers and schedules.
- C. Random selection of third parties for assessment.
- D. Generation of assessments annually, regardless of the risk profile.
Answer: A
NEW QUESTION # 98
__________ involves defining specific actions and responsibilities to address identified risks with third-party vendors.
Response:
- A. Third-party Risk Task Configuration
- B. Risk Assessment Methodology
- C. Third-party Risk Process Workflow
- D. Risk Mitigation Planning
Answer: B
NEW QUESTION # 99
Risks registered within an organization are captured as which type of record in ServiceNow?
Response:
- A. Attestation
- B. Risk Statement
- C. Control Definition
- D. Control Template
Answer: B
NEW QUESTION # 100
Core Configuration in Third-Party Risk Management enables organizations to:
Response:
- A. Track third-party financial transactions exclusively
- B. Ensure all third parties are located in low-risk geographical areas
- C. Avoid legal liabilities associated with third-party failures
- D. Tailor the risk management system to their specific needs
Answer: B
NEW QUESTION # 101
Which of the following elements are typically considered in third-party risk assessment calculations?
(Choose two)
Response:
- A. The third party,s historical compliance with industry standards
- B. The financial stability of the third party
- C. The color of the third party,s logo
- D. The personal preferences of the third party,s CEO
Answer: A,D
NEW QUESTION # 102
A well-designed __________ helps in achieving a consistent and effective approach to managing third-party risks across the organization.
Response:
- A. Task Allocation System
- B. Approval and Workflow Process
- C. Third-party Risk Process Workflow
- D. Issue Resolution Protocol
Answer: C
NEW QUESTION # 103
Which stages are involved in the Third-party Risk Assessment Lifecycle?
(Choose two)
Response:
- A. Continuous monitoring and reassessment.
- B. Initial due diligence and information gathering.
- C. Annual performance review of the third party.
- D. Final payment and contract termination.
Answer: A,B
NEW QUESTION # 104
What is a common challenge when conducting technical assessments as part of Third-party Risk Management?
Response:
- A. Accessing accurate and up-to-date information from the third party
- B. Ensuring the assessment is completed within the organization,s budget
- C. Determining the legal framework applicable to the assessment
- D. Aligning the assessment with the organization,s marketing strategy
Answer: B
NEW QUESTION # 105
Effective Approval and Workflow Process Changes should result in:
Response:
- A. Increased manual intervention in workflows
- B. Decreased communication between departments
- C. More streamlined and efficient risk management processes
- D. Longer processing times for risk management activities
Answer: C
NEW QUESTION # 106
In the context of Third-party Risk Management, what role do technical assessments play?
Response:
- A. They ensure that the third party is able to meet the organization,s performance requirements.
- B. They provide insights into the third party,s market position.
- C. They help evaluate the third party,s compliance with IT security standards and protocols.
- D. They are used to determine the third party,s pricing strategy.
Answer: C
NEW QUESTION # 107
What is the impact of failing to conduct thorough technical assessments in Third-party Risk Management?
Response:
- A. Increased operational efficiency
- B. Enhanced third-party relationships
- C. Improved financial performance
- D. Higher risk of security breaches and compliance violations
Answer: D
NEW QUESTION # 108
What is the primary role of Third-party Security Scoring in risk management?
Response:
- A. Quantifying the cybersecurity risk posed by third parties
- B. Assigning arbitrary risk levels
- C. Estimating the potential for business growth with third parties
- D. Evaluating the financial impact of third parties
Answer: A
NEW QUESTION # 109
......
CIS-TPRM Exam Questions – Valid CIS-TPRM Dumps Pdf: https://examcollection.vcetorrent.com/CIS-TPRM-valid-vce-torrent.html