An organization is considering modifying its system to enable acceptance of credit card payments.
To reduce the risk of data exposure, which of the following should the organization do FIRST?
Click on the arrows to vote for the correct answer
A. B. C. D.B.
When an organization considers modifying its system to enable acceptance of credit card payments, it must take necessary steps to reduce the risk of data exposure. The FIRST step that the organization should take is to conduct a risk assessment (option B).
A risk assessment involves identifying and evaluating the potential risks associated with the new system modification. This step is crucial to determine the adequacy of existing controls and identify the need for additional controls that may be necessary to mitigate risks. The risk assessment should consider the potential impact and likelihood of risks associated with the credit card payment acceptance, such as theft or loss of cardholder data, unauthorized access to data, and malicious attacks.
Once the risk assessment is complete, the organization should implement additional controls (option A) as identified in the risk assessment process to mitigate the identified risks. Updating the risk register (option C) is also essential to ensure that risks are tracked and monitored over time. Updating the security strategy (option D) is important but should be done after the risk assessment process and implementation of additional controls.
In conclusion, the first step an organization should take to reduce the risk of data exposure when modifying its system to enable acceptance of credit card payments is to conduct a risk assessment. This step provides a comprehensive understanding of the risks associated with the new system modification and helps the organization to determine the adequacy of existing controls and identify the need for additional controls.