Key Elements of an Information Security Business Case for Highly Regulated Industries

C.

The most important information to include in a business case for an information security project in a highly regulated industry is a Compliance Risk Assessment, option C.

Explanation:

Highly regulated industries, such as finance, healthcare, and government, are subject to numerous laws and regulations related to the protection of sensitive information. A Compliance Risk Assessment helps identify the compliance requirements that are applicable to the organization and assesses the level of compliance risk. This information is critical to the development of an information security project that is tailored to the specific needs of the organization.

Industry comparison analysis, option A, may provide useful insights into the security practices of other organizations in the same industry. However, this information is not as critical as the compliance requirements and the level of compliance risk faced by the organization.

Critical audit findings, option B, may provide useful information about vulnerabilities and weaknesses in the organization's security posture. However, these findings may not necessarily be directly related to compliance requirements, which are the most critical factors in a highly regulated industry.

The number of reported security incidents, option D, is useful for understanding the frequency and severity of security incidents. However, this information does not provide a comprehensive view of the organization's compliance risk or the specific compliance requirements that must be addressed in the information security project.

Therefore, a Compliance Risk Assessment is the most important information to include in a business case for an information security project in a highly regulated industry.