Which of the following would BEST prepare an information security manager for regulatory reviews?
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A. B. C. D.B.
Self-assessments provide the best feedback on readiness and permit identification of items requiring remediation.
Directing regulators to a specific person or department, or assessing previous reports, is not as effective.
The legal department should review all formal inquiries but this does not help prepare for a regulatory review.
Regulatory reviews are an important part of ensuring that an organization complies with legal and regulatory requirements. Information security managers need to be prepared to handle such reviews in order to ensure that their organization meets these requirements. Of the options provided, the BEST way to prepare for regulatory reviews is to perform self-assessments using regulatory guidelines and reports.
Option A, assigning an information security administrator as regulatory liaison, can be helpful in managing the communication between the regulatory bodies and the organization, but it may not necessarily prepare the information security manager for the actual review.
Option B, performing self-assessments using regulatory guidelines and reports, is the BEST option as it allows the information security manager to identify any areas of non-compliance or weakness before the actual regulatory review. This can help the organization to address any issues before the regulatory review takes place, potentially avoiding penalties or other negative consequences.
Option C, assessing previous regulatory reports with process owners input, may be helpful in identifying areas of weakness or non-compliance, but it may not necessarily be the best way to prepare for a regulatory review.
Option D, ensuring all regulatory inquiries are sanctioned by the legal department, is important to ensure that the organization is legally compliant, but it may not necessarily prepare the information security manager for a regulatory review.
In summary, performing self-assessments using regulatory guidelines and reports is the BEST way for an information security manager to prepare for regulatory reviews. This allows the organization to identify and address any areas of non-compliance before the review takes place, potentially avoiding penalties or other negative consequences.