5.3.2 – Organizational Security Policies.Third-party Risk Management
46 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What should a company do to protect against the highest risk vendors?

  • Have security policies and procedures in place (correct)
  • Avoid working with any third-party vendors
  • Share all data openly with third parties
  • Only work with cloud services

Why is it important to categorize the risk associated with providing data to third party vendors?

  • To avoid sharing any data with third parties
  • To determine the price of the services
  • To identify the highest risk vendors (correct)
  • To increase data sharing with third parties

What happened in November of 2013 involving Target and a third party vendor?

  • Target refused to work with any third party vendors
  • An enormous breach to the network was caused by a security policy breach (correct)
  • All vendors followed security policies strictly
  • An increase in sales occurred due to effective vendor management

Why is it important to have a list of security requirements in the original contract with a third party vendor?

<p>To understand what the security requirements are and enforce them (C)</p> Signup and view all the answers

What is almost required when working with a cloud service?

<p>Putting your data into that cloud service (A)</p> Signup and view all the answers

What kind of data is shared with third party vendors in business relationships?

<p>Data that's important for business operations (D)</p> Signup and view all the answers

What type of agreement sets a minimum set of service terms for a particular service or product when working with a third party?

<p>Service Level Agreement (C)</p> Signup and view all the answers

Which document acts as an informal letter of intent between two parties and may contain confidential information related to a particular business process?

<p>Memorandum Of Understanding (B)</p> Signup and view all the answers

What type of agreement creates confidentiality between parties to prevent the disclosure of shared information to others?

<p>Non-Disclosure Agreement (B)</p> Signup and view all the answers

Which evaluation assesses the quality of the measurement process used in a company's measurement systems?

<p>Measurement System Analysis (C)</p> Signup and view all the answers

What agreement provides details about ownership stakes, financial agreements, and decision-making in a business partnership?

<p>Business Partnership Agreement (A)</p> Signup and view all the answers

When does a manufacturer stop selling and supporting a product?

<p>End Of Service Life (EOSL) (B)</p> Signup and view all the answers

Which type of agreement is an informal letter of intent that may not have the same binding qualities as a contract?

<p>Memorandum Of Understanding (C)</p> Signup and view all the answers

How did the malware initially infect the Target network?

<p>Through an HVAC vendor connecting to the network (A)</p> Signup and view all the answers

What was a consequence of the malware infecting the Target network?

<p>Gaining access to over 110 million credit card numbers (B)</p> Signup and view all the answers

Why is it important to assess security risks in the supply chain?

<p>To understand where security vulnerabilities may exist (C)</p> Signup and view all the answers

How did SolarWinds customers unknowingly install malware onto their systems?

<p>By downloading software updates provided by SolarWinds (B)</p> Signup and view all the answers

What made customers trust the malware-infected software update from SolarWinds?

<p>Digital signature validation and trust in SolarWinds (C)</p> Signup and view all the answers

What can be a potential security concern between a business partner's network and your corporate network?

<p>Direct network connection without proper monitoring (D)</p> Signup and view all the answers

Why might an IPsec connection between corporations pose a risk?

<p>It provides an easy way for malicious data to move between networks (C)</p> Signup and view all the answers

Why is it important for a company to categorize the risk associated with providing data to third party vendors?

<p>To have security policies and procedures in place. (C)</p> Signup and view all the answers

What is a crucial step in protecting against potential security breaches when working with third party vendors?

<p>Having security requirements stated in the contract. (B)</p> Signup and view all the answers

What role does the original contract play in maintaining security standards with third party vendors?

<p>Providing a framework for security requirements and enforcement. (D)</p> Signup and view all the answers

In what situation would a company not be as vulnerable to data breaches when working with third party vendors?

<p>When data sharing risks are appropriately categorized and mitigated. (A)</p> Signup and view all the answers

What potential consequence could arise if a company fails to categorize the risk associated with sharing data with third party vendors?

<p>Data breaches due to lack of appropriate security measures. (D)</p> Signup and view all the answers

How can having a list of security requirements in the original contract benefit a company working with third party vendors?

<p>Providing a framework for maintaining security standards. (C)</p> Signup and view all the answers

What document provides a way for a company to evaluate and assess the quality of the process used in their measurement systems?

<p>Measurement System Analysis (MSA) (B)</p> Signup and view all the answers

What was the initial infection vector for the malware that affected the Target network?

<p>HVAC vendor's email attachment (D)</p> Signup and view all the answers

In a business partnership, which agreement provides information about ownership stakes, financial agreements, and decision-making processes?

<p>Business Partnership Agreement (BPA) (D)</p> Signup and view all the answers

Why did the malware manage to spread from the HVAC vendor to the Target servers?

<p>Lack of segmentation in the HVAC vendor's network (C)</p> Signup and view all the answers

Which type of agreement is an informal understanding between two parties that may contain confidential information regarding a specific business process?

<p>Nondisclosure Agreement (A)</p> Signup and view all the answers

What allowed attackers to gain access to over 110 million credit card numbers in the Target breach?

<p>Installation of unauthorized software on Target servers (D)</p> Signup and view all the answers

When working with third parties, what provides a minimum set of service terms for a particular service or product?

<p>Service Level Agreement (D)</p> Signup and view all the answers

What is a potential consequence of not assessing security risks in the supply chain?

<p>Loss of intellectual property (C)</p> Signup and view all the answers

What is a common way to manage exactly what type of traffic can be transferred between two networks when in a business partnership?

<p>Including a firewall or filter (D)</p> Signup and view all the answers

Why did SolarWinds customers unknowingly install malware onto their systems?

<p>Trusted a digitally signed update (B)</p> Signup and view all the answers

In the context of confidentiality between parties, which agreement creates privacy between them to avoid disclosing shared information?

<p>Nondisclosure Agreement (A)</p> Signup and view all the answers

How did attackers compromise thousands of networks through SolarWinds?

<p>Installed malware on SolarWinds servers (B)</p> Signup and view all the answers

When planning to go into business with a third party, what might be used as an informal letter of intent regarding specific business processes?

<p>Memorandum Of Understanding (MOU) (D)</p> Signup and view all the answers

What poses a significant security concern in a direct network connection between a corporate network and a business partner's network?

<p>&quot;Relatively open path&quot; for data transfer (D)</p> Signup and view all the answers

What type of agreement may not have the binding qualities of a full contract but informs parties of expectations?

<p>Memorandum Of Understanding (MOU) (D)</p> Signup and view all the answers

Why is it crucial to monitor data transfer between corporate and business partner networks?

<p>&quot;Relatively open path&quot; with potential risks (C)</p> Signup and view all the answers

When working with third parties, what kind of agreement might set a minimum level of service for internet access?

<p>Service Level Agreement (D)</p> Signup and view all the answers

What is one crucial step in handling risks associated with a direct network connection between corporate and business partner networks?

<p>Monitoring for malicious activity in data transfer (A)</p> Signup and view all the answers

What is used to assess the quality of the process in the measurement systems within a company?

<p>Measurement System Analysis (MSA) (C)</p> Signup and view all the answers

Why should policies be established for secure data transfer between corporate and business partner networks?

<p>To address potential security concerns and mitigate risks (B)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser