2026 Updated Verified Pass CIS-TPRM Exam - Real Questions and Answers
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NEW QUESTION # 10
How does ServiceNow enable continuous monitoring of third-party risks?
Response:
- A. By sending weekly emails to third parties asking if anything has changed
- B. Using a physical bulletin board updated monthly
- C. By requiring manual checks on a daily basis
- D. Through the integration of real-time data feeds and automated workflows
Answer: A
NEW QUESTION # 11
When performing third-party risk assessment calculations, why is it important to consider the third party''s adherence to relevant industry standards?
Response:
- A. It simplifies the calculation process by using predefined criteria
- B. It is required by all regulatory bodies, regardless of industry
- C. It eliminates the need for further due diligence
- D. It provides a benchmark for evaluating the third party's compliance and risk profile
Answer: D
NEW QUESTION # 12
What is the role of technology in modern Third-Party Risk Management?
Response:
- A. To serve as a legal documentation platform
- B. Solely for data storage purposes
- C. To replace the need for physical audits
- D. To facilitate risk assessment, monitoring, and reporting through automation and analytics
Answer: D
NEW QUESTION # 13
__________ involves defining specific actions and responsibilities to address identified risks with third-party vendors.
Response:
- A. Third-party Risk Process Workflow
- B. Third-party Risk Task Configuration
- C. Risk Mitigation Planning
- D. Risk Assessment Methodology
Answer: D
NEW QUESTION # 14
What is the primary objective of the Third-party Portal Configuration in ServiceNow?
Response:
- A. To track the financial transactions of third parties
- B. To enable efficient interaction and communication between the organization and its third parties
- C. To store third-party compliance documents
- D. To streamline third-party onboarding processes
Answer: A
NEW QUESTION # 15
What is the primary purpose of Third-party Portal Configuration?
Response:
- A. To configure the user interface design only
- B. To manage the third-party,s financial transactions
- C. To track the personal information of third-party employees
- D. To facilitate efficient interaction between the organization and its third parties
Answer: A
NEW QUESTION # 16
A successful Third-party Assessment Portal Configuration must:
Response:
- A. Restrict users from uploading documents to ensure security
- B. Enable seamless navigation and user-friendly interfaces for efficient assessment submission
- C. Prioritize aesthetic elements over functionality
- D. Be available exclusively during business hours to manage traffic
Answer: B
NEW QUESTION # 17
Third-party Security Scoring Configuration/Risk Intelligence aims to:
Response:
- A. Assign random security scores for annual review purposes
- B. Provide a numerical rating reflecting the security posture of third parties
- C. Offer a qualitative assessment of third-party marketing strategies
- D. Ensure compliance with international security standards
Answer: B
NEW QUESTION # 18
The primary purpose of Third-party Contacts Configuration is to:
Response:
- A. Monitor the performance metrics of third-party contacts
- B. Ensure seamless payment processes to third parties
- C. Facilitate effective communication and escalation paths for risk management
- D. Catalog third-party contacts based on geographical location
Answer: B
NEW QUESTION # 19
In the context of Third-party Portfolio Configuration, what is a best practice for maintaining an up-to-date risk profile?
Response:
- A. Limiting assessments to high-risk vendors
- B. Conducting annual reviews only
- C. Implementing real-time monitoring of third-party changes
- D. Relying on historical data
Answer: B
NEW QUESTION # 20
When considering Third-party Risk Assessment Configuration, what is a best practice for setting risk thresholds?
Response:
- A. Setting arbitrary thresholds without reference to organizational risk appetite.
- B. Keeping thresholds constant over time, regardless of changing external factors.
- C. Using industry averages as a one-size-fits-all threshold.
- D. Tailoring thresholds to align with the organization's specific risk appetite and sector-specific risks.
Answer: D
NEW QUESTION # 21
What is a critical outcome of properly configuring Third-party Security Scoring?
Response:
- A. Improved negotiation leverage with vendors
- B. Enhanced transparency in vendor selection processes
- C. Increased vendor satisfaction
- D. Simplified compliance reporting
Answer: B
NEW QUESTION # 22
What is the role of industry benchmarks in Third-party Security Scoring?
Response:
- A. They set a fixed standard for all vendors
- B. They simplify the security assessment process
- C. They eliminate the need for custom scoring models
- D. They allow for comparative analysis across similar third parties
Answer: B
NEW QUESTION # 23
How does effective Third-party Portal Configuration benefit an organization?
Response:
- A. Through enhancing the marketing efforts towards third parties
- B. By streamlining processes and improving risk management efficiency
- C. By eliminating the need for direct communication with third parties
- D. By significantly reducing the need for IT security
Answer: C
NEW QUESTION # 24
How can the design of a Third-party Assessment Portal contribute to improving risk management efficiency?
Response:
- A. By limiting the portal's functionality to only high-level risk assessments
- B. By centralizing all third-party data in a single location
- C. By providing an intuitive interface that facilitates quick and accurate risk assessments
- D. By incorporating multiple branding elements for each third party
Answer: C
NEW QUESTION # 25
Which feature is crucial for ensuring the effectiveness of reports generated from third-party risk management dashboards?
Response:
- A. Aesthetic design.
- B. The ability to generate reports only annually.
- C. Real-time data integration.
- D. Limiting access to only a few users.
Answer: C
NEW QUESTION # 26
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