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Questions and Answers
Why does the Payment Card Industry Data Security Standard (PCI DSS) exist?
Why does the Payment Card Industry Data Security Standard (PCI DSS) exist?
- To standardize customer data collection
- To regulate business financial transactions
- To promote online payment methods
- To protect the security of cardholder data (correct)
What is the purpose of the NIST (CSF) Framework?
What is the purpose of the NIST (CSF) Framework?
- To promote sales of cybersecurity products
- To provide legal guidelines for organizations
- To standardize internal communication processes
- To better manage and reduce cybersecurity risk (correct)
What is the primary function of corporate compliance programs?
What is the primary function of corporate compliance programs?
- To avoid all types of risks
- To maximize profits at any cost
- To eliminate the need for external stakeholders
- To provide the foundation of a sound business strategy (correct)
Why are the controls mandated by PCI DSS important?
Why are the controls mandated by PCI DSS important?
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What is the aim of the NIST (CSF) Framework?
What is the aim of the NIST (CSF) Framework?
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Study Notes
Compliance Framework in Cybersecurity
- Contains guidelines and controls designed to direct organizational practices.
- Includes best practices to ensure effective security and data handling.
- Encompasses verifiable processes that can be audited.
Importance of Compliance Frameworks
- Aims to prevent potential problems, including damage or loss.
- Helps internal stakeholders protect vital data and individual privacy.
- Essential for controlling and mitigating risks in various settings.
Organizational Goals
- Organizations utilize compliance frameworks to meet regulatory requirements and improve operational processes.
- Key to strengthening overall security posture and achieving broader business objectives.
- Necessary for companies becoming public entities or offering cloud solutions to government agencies.
Role of External Assessment
- External auditors evaluate adherence to regulations, helping minimize risk to critical infrastructure.
- Compliance frameworks are also vital for third parties, including potential customers and investors, seeking assurance in organizational practices.
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