Addressing Gaps in Regulatory Compliance Assessments with Third-Party Service Providers
Question
A Chief Information Security Officer (CISO) is working with a consultant to perform a gap assessment prior to an upcoming audit.
It is determined during the assessment that the organization lacks controls to effectively assess regulatory compliance by third-party service providers.
Which of the following should be revised to address this gap?
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D. E.D.
The correct answer to the question is D. Vendor management plan.
Explanation:
A vendor management plan outlines the process for evaluating and managing third-party service providers. This plan helps to ensure that vendors meet the organization's security and regulatory compliance requirements. It also helps the organization to assess and manage the risks associated with outsourcing.
In this scenario, it is determined that the organization lacks controls to effectively assess regulatory compliance by third-party service providers. Therefore, revising the vendor management plan would be the most appropriate action to address this gap.
Privacy policy and incident response plan are also important documents related to security and compliance, but they are not directly related to the assessment of regulatory compliance by third-party service providers.
A work breakdown structure is a project management tool that outlines tasks, timelines, and deliverables. It is not directly related to security and compliance.
An audit report is a summary of findings from an audit. It is not a document that can be revised to address the gap in controls for assessing regulatory compliance by third-party service providers.
