Online Access Free CIS-TPRM Exam Questions

How does ServiceNow''s IntegrationHub enhance Third-Party Risk Management capabilities?
Response:

• A.By providing aesthetic enhancements to the dashboard
• B.Through enabling easy integration with external data sources and systems
• C.By limiting data access to a select few administrators
• D.Through the manual input of data from third-party assessments

What is the outcome of proper Third-party Portfolio Configuration?
Response:

• A.Decreased reliance on third-party services
• B.Enhanced understanding and management of the third-party landscape
• C.Simplified legal compliance processes
• D.Reduced need for risk assessments

Third-party Risk Task Configuration involves:
Response:

• A.Defining tasks that are unrelated to third-party risk management
• B.Specifying actions to be taken for risk assessment, monitoring, and mitigation
• C.Setting up tasks for daily operational activities only
• D.Assigning all risk-related tasks to third-party vendors

Which of the following best practices should be followed when setting up risk thresholds in third-party risk assessment configuration?
Response:

• A.Avoiding any changes to risk thresholds after the initial setup
• B.Using a universal threshold for all types of third parties
• C.Customizing risk thresholds to align with the organization,s specific risk tolerance and industry standards
• D.Setting risk thresholds based on the most conservative estimates available

What is a key benefit of integrating real-time data feeds into the Third-party Assessment Portal?
Response:

• A.It reduces the need for manual risk assessments
• B.It simplifies the onboarding process for new third parties
• C.It allows third parties to manage their data independently
• D.It enables continuous monitoring of third-party risks with up-to-date information