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IAPP CIPM (Certified Information Privacy Manager) certification exam is a globally recognized certification that offers individuals the skills and knowledge to manage privacy policies and practices within an organization. Certified Information Privacy Manager (CIPM) certification is designed to help professionals develop and implement privacy programs, policies, and procedures that meet global standards and regulatory requirements.
The IAPP CIPM exam is designed for professionals who have experience in managing privacy programs and want to enhance their knowledge and skills in this area. It covers a range of topics related to privacy management, including privacy laws and regulations, risk management, data governance, and compliance.
IAPP CIPM Exam is a challenging, four-hour exam that consists of 90 multiple-choice questions. It tests the candidate's knowledge of privacy program management, privacy regulations, and best practices. To pass the exam, candidates must score at least 300 out of 500 points. CIPM exam is available in multiple languages and can be taken at Pearson VUE test centers worldwide.
NEW QUESTION # 51
What United States federal law requires financial institutions to declare their personal data collection practices?
Answer: B
Explanation:
The United States federal law that requires financial institutions to declare their personal data collection practices is the Gramm-Leach-Bliley Act (GLBA) of 1999. The GLBA is also known as the Financial Services Modernization Act or the Financial Modernization Act10 The GLBA regulates how financial institutions collect, use, disclose, and protect the nonpublic personal information of their customers11 The GLBA requires financial institutions to provide a privacy notice to their customers that explains what kinds of information they collect, how they use and share that information, and how they safeguard that information12 The GLBA also gives customers the right to opt out of certain information sharing practices with third parties13 The other options are not US federal laws that require financial institutions to declare their personal data collection practices. The Kennedy-Hatch Disclosure Act of 1997 is a proposed but not enacted legislation that would have required health insurers to disclose their policies and practices regarding the use and disclosure of genetic information14 SUPCLA, or the federal Superprivacy Act of 2001, is a fictional law that does not exist in reality. The Financial Portability and Accountability Act of 2006 is also a fictional law that does not exist in reality, although it may be confused with the Health Insurance Portability and Accountability Act (HIPAA) of 1996, which regulates the privacy and security of health information15 References: 10: Gramm-Leach- Bliley Act | Federal Trade Commission; 11: Financial Privacy | Federal Trade Commission; 12: Financial Privacy | Federal Trade Commission; 13: Financial Privacy | Federal Trade Commission; 14: S. 422 (105th):
Genetic Information Nondiscrimination in Health Insurance Act of 1997; 15: Health Information Privacy | HHS.gov
NEW QUESTION # 52
Which of the following is an example of Privacy by Design (PbD)?
Answer: D
NEW QUESTION # 53
Which of the following privacy frameworks are legally binding?
Answer: A
Explanation:
Binding Corporate Rules (BCRs) are a set of legally binding rules that allow multinational corporations or groups of companies to transfer personal data across borders within their organization in compliance with the EU data protection law1 BCRs are approved by the competent data protection authorities in the EU and are enforceable by data subjects and the authorities2 BCRs are one of the mechanisms recognized by the EU General Data Protection Regulation (GDPR) to ensure an adequate level of protection for personal data transferred outside the European Economic Area (EEA)3
NEW QUESTION # 54
In a sample metric template, what does "target" mean?
Answer: D
Explanation:
Explanation
In a sample metric template, the target is the threshold for a satisfactory rating. It is the desired or expected value for the metric that indicates a successful performance or outcome. For example, if the metric is the percentage of employees who completed privacy training, the target could be 90% or higher. References: IAPP CIPM Study Guide, page 22.
NEW QUESTION # 55
The General Data Protection Regulation (GDPR) specifies fines that may be levied against data controllers for certain infringements. Which of the following will be subject to administrative fines of up to 10 000 000 EUR, or in the case of an undertaking, up to 2% of the total worldwide annual turnover of the preceding financial year?
Answer: B
Explanation:
Explanation/Reference: https://gdpr-info.eu/art-8-gdpr/
NEW QUESTION # 56
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