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ServiceNow Certified Implementation Specialist - Third-party Risk Management Sample Questions:

1. In the context of Third-party Risk Management, what role do technical assessments play?
Response:

A) They provide insights into the third party,s market position.
B) They are used to determine the third party,s pricing strategy.
C) They ensure that the third party is able to meet the organization,s performance requirements.
D) They help evaluate the third party,s compliance with IT security standards and protocols.

2. What is the impact of failing to conduct thorough technical assessments in Third-party Risk Management?
Response:

A) Increased operational efficiency
B) Improved financial performance
C) Enhanced third-party relationships
D) Higher risk of security breaches and compliance violations

3. What is a key activity involved in managing the third-party risk assessment lifecycle?
Response:

A) Avoiding reassessment to maintain consistent risk levels
B) Ensuring the assessment process is performed once during the onboarding phase
C) Limiting assessments to only the initial due diligence phase
D) Continuously updating assessment criteria based on changes in the external environment

4. What is the role of industry benchmarks in Third-party Security Scoring?
Response:

A) They simplify the security assessment process
B) They eliminate the need for custom scoring models
C) They allow for comparative analysis across similar third parties
D) They set a fixed standard for all vendors

5. A successful Third-party Assessment Portal Configuration must:
Response:

A) Be available exclusively during business hours to manage traffic
B) Restrict users from uploading documents to ensure security
C) Enable seamless navigation and user-friendly interfaces for efficient assessment submission
D) Prioritize aesthetic elements over functionality

Solutions: