Which of the following is the MAIN reason to follow a formal risk management process in an organization that hosts and uses privately identifiable information (PII) as part of their business models and processes?
Which of the following is the MAIN reason to follow a formal risk management process in an organization that hosts and uses privately identifiable information (PII) as part of their business models and processes?
The main reason to follow a formal risk management process in an organization that hosts and uses privately identifiable information (PII) as part of their business models and processes is the need to better understand the risk associated with using PII data. By understanding these risks, the organization can take appropriate measures to mitigate them, ensuring the privacy and security of the PII. This comprehensive understanding is fundamental for all subsequent steps, such as compliance, fiduciary responsibility, and risk transfer, making it the primary reason for following a formal risk management process.
A method to transfer risk is to______________.
A method to transfer risk is to purchase breach insurance. By doing so, the financial burden of a potential breach is transferred to the insurance company, thus mitigating the impact on the business.
An organization licenses and uses personal information for business operations, and a server containing that information has been compromised.
What kind of law would require notifying the owner or licensee of this incident?
When an organization licenses and uses personal information and that information is compromised, the kind of law that would require notifying the owner or licensee of the incident is a data breach disclosure law. These laws are specifically designed to ensure that affected parties are informed when their personal information has been exposed to unauthorized access, thereby helping mitigate the potential damage and allowing individuals to take protective actions.
Why is it vitally important that senior management endorse a security policy?
Senior management's endorsement of a security policy is crucial because it ensures that they take ownership for security within the organization. This ownership is vital for the effective implementation and enforcement of the security policy, as it demonstrates a top-down commitment to security. When senior management accepts ownership, they provide necessary support and resources, and it emphasizes the importance of security to all employees, thereby fostering a security-focused culture.
Which of the following is of MOST importance when security leaders of an organization are required to align security to influence the culture of an organization?
Aligning security to influence the culture of an organization requires a deep understanding of the business goals of the organization. This understanding enables security leaders to integrate security measures that support and enhance the organization's objectives, making security a natural part of the business process. A strong technical or auditing background (options B and C) is valuable but secondary to ensuring that security aligns with business goals. Understanding all regulations (option D) is important, but without alignment to business goals, it may not effectively influence organizational culture.