A.Exclusive reliance on annual audits

B.Sole focus on the third-party's technological infrastructure

C.Periodic risk assessments only

D.Monitoring of the third party's financial stability, operational performance, and compliance with SLAs

A.Solely for data storage purposes

B.To serve as a legal documentation platform

C.To replace the need for physical audits

D.To facilitate risk assessment, monitoring, and reporting through automation and analytics

A.To maintain a stable relationship with the third party

B.To ensure that the assessment process remains consistent over time

C.To reflect changes in the external environment and emerging risks

D.To reduce the complexity of the assessment process

A.Avoiding direct communication channels

B.Establishing multiple layers of redundancy

C.Limiting contact roles to a single individual

D.Using a generic contact email address

A.Incident Response

B.Project Management

C.Human Resources

D.Vendor Risk Management