A regulatory compliance issue has been identified in a critical business application, but remediating the issue would significantly impact business operations.
What information would BEST enable senior management to make an informed decision?
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A. B. C. D.A.
The situation described in the question is a classic example of a risk management decision. The organization has identified a regulatory compliance issue that needs to be addressed, but the solution would have a significant impact on the business operations. In this scenario, senior management needs to make an informed decision to balance the potential impact of the compliance issue against the impact of remediating the issue.
In order to make an informed decision, senior management needs access to the right information. The BEST option among the four provided is to provide them with an impact analysis and treatment options (Option A).
An impact analysis will provide senior management with a clear understanding of the potential consequences of the compliance issue. It will identify the specific risks associated with the issue, the likelihood of those risks materializing, and the potential impact of those risks on the organization. This information will be critical in helping senior management weigh the potential impact of the compliance issue against the impact of remediating the issue.
In addition to the impact analysis, senior management will need to be presented with treatment options. Treatment options will provide senior management with a clear understanding of the various approaches that can be taken to remediate the compliance issue. This will include the costs associated with each option, the timelines required for implementation, and the potential impact on business operations.
Option B, costs associated with compensating controls, may provide some information about the costs of remediation but doesn't provide the same level of detail or clarity as an impact analysis and treatment options. Option C, industry benchmarks, and best practices, is not as relevant to the specific situation described in the question as it is more useful when trying to benchmark the organization's security posture against others in the industry. Option D, risk assessment results and recommendations, may provide some useful information but doesn't provide the same level of detail or clarity as an impact analysis and treatment options.
Therefore, the BEST option to enable senior management to make an informed decision is to provide them with an impact analysis and treatment options (Option A).