Compliance with Local Regulatory Requirements: Action Plan for Achieving Compliance

Action Plan for Achieving Compliance with Local Regulatory Requirements

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Question

An organization faces severe fines and penalties if not in compliance with local regulatory requirements by an established deadline.

Senior management has asked the information security manager to prepare an action plan to achieve compliance.

Which of the following would provide the MOST useful information for planning purposes?

Answers

Explanations

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A. B. C. D.

B.

The most useful information for planning purposes in this scenario would be the deadline and penalties for noncompliance, as stated in option D.

Option A, results from a business impact analysis, would provide information on the potential impact of noncompliance on the organization's operations, but it would not provide specific guidance on achieving compliance with local regulatory requirements.

Option B, results from a gap analysis, would identify areas where the organization falls short of compliance requirements, but again, it would not provide specific guidance on achieving compliance.

Option C, an inventory of security controls currently in place, would provide information on the organization's existing security posture, but it would not necessarily address the specific requirements of local regulatory requirements.

In contrast, the deadline and penalties for noncompliance provide a clear sense of urgency and consequences, and can be used to prioritize actions and allocate resources effectively. By understanding the deadline and penalties, the information security manager can develop a realistic and actionable plan to achieve compliance within the required timeframe, and ensure that the organization avoids potentially severe fines and penalties.