CIPM Study guides, Class notes & Summaries

CIPM Exam Flashcards |301 Questions with 100% Correct Answers | Verified | 33 Pages

CIPM Exam Questions and Answers 2024/2025 | A+ GRADED 100% VERIFIED What are the overarching objectives to first establish a privacy program? 1) Define Vision 2) Set privacy strategy 3) Develop the team and methods to measure Secondary: 1) Set expectations 2) Ensure daily operations align with objectives 3) Grant Power Developing Company Vision Steps 1) Mission Statement: short statement (2-4 sentences) regarding why you make the privacy decisions you do, what it is that you do, show t...

CIPM Final Exam Questions and Answers 2024/2025 | A+ GRADED 100% VERIFIED Product innovation charter is a plan for the firm's initiatives in new product development. It provides the clarification of goals and a common language for all personnel involved in new products. Background key ideas from the situation analysis, special forces such as managerial dicta, reasons for preparing a new PIC. Focus at least one clear technology dimension and one clear market dimension. They match and hav...

CIPM Exam Questions and Answers 2024/2025 | A+ GRADED 100% VERIFIED What is simplest way to decompose active return piece of a portfolio return? 1.)Allocation Effect: holding diff amounts of same securities as bench (over or under weighting compared to bench) (thereby Q held is the sources of difference) 2.) Security Selection Effect: holding diff securities than benchmark (thereby returns are the sources of difference) Decompose an actively managed mutual fund return P =M + A + S A: Act...

CIPM Comprehensive Exam Questions with Answers 100% Accuracy Accountability A fair information practices principle, it is the idea that when personal information is to be transferred to another person or organization, the personal information controller should obtain the consent of the individual or exercise due diligence and take reasonable steps to ensure that the recipient person or organization will protect the information consistently with other fair use principles. Active Scanning T...

CIPM IAPP Exam Questions and Answers 2024/2025 | A+ GRADED 100% VERIFIED All of the following are factors in determining whether an organization can craft a common solution to the privacy requirements of multiple jurisdictions except: A. effective date of most restrictive law B. implementation complexity C. legal regulations D. cost Building a privacy strategy may mean changing the mindset and perspective of an entire organization. Everyone in an organization has a role to play in ...

CIPM Comprehensive Exam Questions with Answers 100% Accuracy Privacy Program Components 1. Mission Statement 2. Vision/Scope (Privacy Models) 3. Framework (Laws, Principles, Management Solutions) 4. Strategy Privacy Scope: Management Models 1. Comprehensive: inclusive of all personal data (GDPR) 2. Sectoral: Industry Specific (HIPPA) 3. Self-Regulated: Businesses regulating other businesses 4. Co-Regulatory: Third Party Privacy Agency Privacy Framework WHAT guides the program Privacy...

CIPM Comprehensive Exam Study Guide Questions with Answers 100% Accuracy SCENARIO ALBERT & TREASURE BOXANSWER THESE CARDS IN ORDER AND USE THE NEXT CARD FOR THE FOLLOWING QUESTIONS SCENARIO ALBERT & TREASURE BOX For 15 years, Albert has worked at Treasure Box - a mail order company in the United States (U.S.) that used to sell decorative candles around the world, but has recently decided to limit its shipments to customers in the 48 contiguous states. Despite his years of experience, Albe...

CIPM Comprehensive Exam Questions with Answers 100% Accuracy What are the 5 phases of a privacy program audit Planning, Preparation, Audit, Report, Followup What happens during the audit planning phase of PPARF? Risk assessment, schedule, selecting auditor, pre-audit questionnaire, preparatory meeting/visit and checklist What happens during the Audit Preparation phase of PPARF? Confirm schedule, confirm and prepare checklists, sampling criteria and audit plan What Happens during the Audi...

CIPM IAPP Study Guide Questions and Answers 2024/2025 | A+ GRADED 100% VERIFIED Strategic Management is the first high level necessary task to implement proactive privacy management through the following 3 subtasks: (1) Define Privacy Vision and Privacy Mission Statementnn(2) Develop Privacy Strategynn(3) Structure Privacy Team Strategic management of privacy starts by creating or updating the organization vision and mission statement based on privacy best practices that should inc...

CIPM IAPP Exam Questions and Answers 2024/2025 | A+ GRADED 100% VERIFIED Audit Life CycleHigh-level, five-phase audit approach. The steps include: Audit Planning; Audit Preparation; Conducting the Audit; Reporting; and Follow-up. Active Scanning ToolsDLP network, storage, scans and privacy tools can be used to identify security and privacy risks to personal information. They can also be used to monitor for compliance with internal policies and procedures, and block e-mail or file transfers...