CTPRP Exam Latest Update Graded A+

CTPRP Exam Latest Update Graded A+ third party entities or persons that work on behalf of the organization but are not its employees, including consultants, contingent workers, clients, business partners, service providers, subcontractors, vendors, suppliers, affiliates and any other person or entity that accessess customer, company confidential/proprietary data and/or systems that interact with that data outsourcer the entity delegating a function to another entity, or is considering doing so outsourcer the entity evaluating the risk posed by obtaining services from another entity fourth party/subcontractor an entity independent of and directly performing tasks for the assessee being evaluated drivers for third party risk assessments ISO 27002, FFEIC Appendix, OOC Bulletins, FFEIC CAT Tool, PCI Data Security Standard, NIST Cybersecurity Framework, HIPAA/HiTech, EU GDPR different names for third parties Business Associate, Service Provider, Processor, Person who provides support for the internal operations of the Web site or online service, Third-Party Service Provider Office of the Comptroller of the Currency (OOC) lifecycle framework for third party risk Planning, Due Diligence and Third Party Selection, Contract Negotiation, Ongoing Monitoring, Termination False - You must determine the third party's ability to satisfy those requirements. T/F - You can rely on contract requirements to satisfy regulatory requirements for third parties. True - e.g., HIPAA and OFAC T/F - It is possible to be subject to regulations from different industry sectors False - in many instances state requirements may be more stringent than federal T/F - Federal regulations always supersede state regulations Audits should ensure compliance with: Corporate, Legal, Regulatory, Industry requirements Risk Assessment and Treatment Describes the vendor's risk assessment program, and its maturity and operating effectiveness. True T/F - A risk assessment program should be approved by management and communicated to all appropriate constituents Different names for data Protected Health Information, Electronic Health Records, Personally Identifiable Financial Information, Cardholder Data, Personal Data, Personal Information, Consumer Financial Information Personally Identifiable Information (PII) any information about an individual maintained by an agency, including (1) any information that can be used to distinguish or trace an individual's identity, such as name, or biometric records and (2) any other information that is linked or linkable to an individual, such as medical, educational, financial and employment information Basic PII physical - last name, first name, phone #'s, street address Sensitive PII PII used in conjunction with basic PII (i.e., SS card, Driver's License, DOB) Card Holder Data(CHD)/Payment Card Industry(PCI) data credit or debit card info that includes the Primary Account Number (PAN), which is the payment card number (credit or debit) that identifies the issuer and the particular cardholder account IaaS (Infrastructure as a Service) Organization outsources the equipment used to support operations, including storage, hardware, servers and networking components. PaaS (Platform as a Service) Hardware and software infrastructure for the development of business applications. Most commonly used by application developers. SaaS (Software as a Service) Business application