International - Prevention and MinimizationOnline version Select the best answer. Feel free to use your resources. by Business Ops Learning Team 1 What is the responsibility of the Third-Party Risk Management Office (TPRM)? a Approving vendors based solely on cost-effectiveness b Automatically approving all vendor contracts but following up if any privacy-related issue arises c Ensuring all vendors handling personal data meet State Streets privacy and security requirements d Collecting and processing data independently from vendors as a third-party organization as consent was received by vendors 2 What is required to transfer personal data outside of Europe under GDPR? a The receiving country must be approved by the European Union b The person whose personal data is being transferred must be informed and provide consent c The transfer is only allowed if the recipient signs a non-disclosure agreement d Approval from the European parliament is required 3 What is a crucial step to minimize risks with other vendors who may have access to personal data? a Allow vendors full access to systems to build a more personal relationship b Conduct due diligence to ensure vendors can protect personal data effectively c Avoid conducting assessments to save time d Share all personal data with vendors 4 What is the principle of “Data Minimization”? a Collecting as much as data as possible for future use b Deleting all unnecessary data after collection c Sharing collected data with external partners by masking information d Collecting only the data necessary for a specific purpose 5 What is the role of a Data Protection Officer (DPO) in preventing privacy breaches? a To manage marketing campaigns and data analytics projects b To ensure organizational compliance with GDPR and oversee data protection c To approve all third-party data sharing d To remove all personal data from the organizations system
New game