Preventive Control - correct answer -A mitigating technique designated to prevent an event from occurring.
Incident Response Plan - correct answer -A plan that defines the action steps, involved resources and communication strategy upon identification of a threat or potential threat event, such ...
APRP exam 2023 with 100% correct answers
Preventive Control - correct answer -A mitigating technique designated to prevent an event from occurring.
Incident Response Plan - correct answer -A plan that defines the action steps, involved resources and communication strategy upon identification of a threat or potential threat event, such as a breach in security protocol, power or telecomunnications outage, severe weather or workplace violence.
Control Self-Assessment - correct answer -A technique used to internally assess the effectiveness of risk management and control processes.
Business Continuity Strategy - correct answer -Comprehensive strategies to recover, resume and maintain all critical business functions.
Technical Controls - correct answer -Controls to prevent and detect unauthorized activity.
Procedures - correct answer -Defines the manner in which an organization will proceed, perform or affect something to accomplish the objectives of a policy.
Title 31 of the Code of Federal Regulation (CFR) Part 370 - correct answer -Governs the handling of payments for the Bureau of Public Debt made through the ACH Network.
Unfair, Deceptive or Abusive Acts or Practices (UDAAP) - correct answer -Law to protect consumers purchasing financial products and services requiring that consumers have access to information that lets
them choose the option they believe is best for their situation.
Risk Evaluation - correct answer -Process of comparing risk analysis results to determine if risk is at an acceptable level. Business Impact Analysis (BIA) - correct answer -Process of identifying the potential impact of uncontrolled, non-specific events on an institution's business processes.
Enterprise Risk Management - correct answer -Process of planning, organizing, leading and controlling the activities of an organization to minimize the effects of risk on that organization.
Risk Measurement - correct answer -Process to determine the likelihood of an adverse event or threat occurring and the potential impact of such an event on the institution.
User Access Controls - correct answer -Security technique used to regulate who or what can view or use resources in a computing environment.
Vulnerability Assessment - correct answer -Systematic examination of systems to identify, quantify and prioritize the security deficiencies of the systems.
Function Drill/Parallel Test - correct answer -Testing method involves actual mobilization of personnel to
other sites attempting to establish communications and perform actual recovery processing as outlined in the business continuity plan (BCP).
Risk Management - correct answer -Total process required to identify, control and minimize the impact of uncertain events.
Layered Security - correct answer -Use of different controls at different points in a transaction process.
Tabletop Exercise/Structured Walk-Through Test - correct answer -Testing method ensures critical personnel from all areas are familiar with the business continuity plan (BCP) and may be used as an effective training tool.
Walk-Through Drill/Simulation Test - correct answer -Testing method used to apply a specific event scenario to the business continuity plan (BCP). Payroll Card Account - correct answer -A bank account established directly or indirectly by an employer on behalf of an employee to which an employee's wages are electronically transferred to.
Credit Card - correct answer -A card indicating the holder has been granted a line of credit to make purchases or withdraw cash up to a prearranged ceiling.
Prepaid/Stored Value Card - correct answer -A card-based payment system that assigns a value to the card; some cards can be "reloaded" through various methods and others are designed to be discarded.
ECI - Electronically Created Item - correct answer -A check that never appears in paper form.
Originator - correct answer -A company or individual that has been authorized by the Receiver to initiate
either a credit or debit ACH entry to their account.
Business Continuity Plan (BCP) - correct answer -A comprehensive written plan to maintain or resume business in the event of a disruption.
Encryption - correct answer -A data security technique that encodes information so that data appears as
a meaningless string of letters and symbols during delivery or transmission.
Test Plan - correct answer -A document based on the institution's test scope and objectives and includes
various test methods.
RDFI - Receiving Depository Financial Institution - correct answer -A financial instituion that receives ACH
entries from the ACH Operator and posts the entries to the accounts of its depositors.
ODFI - Originating Depository Financial Institution - correct answer -A financial institution that receives payment instructions from Originators and forwards the entries to the ACH Operator.
Exposure Limits - correct answer -A method used to mitigate credit risk, required by the ACH Rules
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