To gain a clear understanding of the impact that a new regulatory requirement will have on an organization's information security controls, an information security manager should FIRST:
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A. B. C. D.D.
When a new regulatory requirement is imposed, an organization's information security controls must be evaluated to ensure compliance. The information security manager's initial step should be to conduct a risk assessment to gain a clear understanding of the potential impact on the organization.
Risk assessment is a crucial step in the information security process, as it identifies and prioritizes risks and vulnerabilities to an organization's information assets. Risk assessment will help to determine the impact of the new regulatory requirement on the organization's information security controls.
Risk assessment involves a systematic and comprehensive approach to identifying, evaluating, and prioritizing risks to the organization's information assets. It considers the likelihood and impact of risks and helps to identify the organization's most critical assets, vulnerabilities, and potential threats.
Once the risk assessment has been completed, the information security manager can then conduct a gap analysis to identify any gaps or deficiencies in the current information security controls that may need to be addressed to comply with the new regulatory requirement.
Interviewing senior management can provide valuable insights into the organization's overall goals and objectives and help to identify potential areas of impact. However, it should be done after the risk assessment and gap analysis to avoid any bias towards the organization's current approach to information security.
Conducting a cost-benefit analysis is also an essential step in determining the financial impact of the new regulatory requirement on the organization. However, this step should be done after the risk assessment and gap analysis have been completed, and potential areas of impact have been identified.
In summary, the information security manager should first conduct a risk assessment to gain a clear understanding of the impact of the new regulatory requirement on the organization's information security controls. This will help to identify potential areas of impact and prioritize efforts to address any gaps or deficiencies.