5_2_1 Section 5 – Governance, Risk, and Compliance - 5.2 – Regulations, Standards, and Frameworks

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What is the primary reason for tracking compliance regulations closely?

To improve organization's reputation

To ensure job security

To reduce data storage costs

To avoid significant penalties (correct)

What aspect of an organization's business may be covered by compliance regulations?

Only employee salaries and benefits

Only data storage and privacy

Only financial transactions

Multiple aspects, including finance and data storage (correct)

What is the scope of compliance regulations based on?

Employee count

Industry type

Local geography (correct)

Company size

What may be the consequence of not following compliance regulations?

Fines and possible incarceration Signup and view all the answers

What is the role of the security team in compliance regulations?

To ensure compliance with all applicable regulations Signup and view all the answers

Why is it important to understand the scope of compliance regulations?

To avoid penalties and ensure job security Signup and view all the answers

What is the main goal of the GDPR?

To give individuals control over their private information Signup and view all the answers

What type of information is protected by the GDPR?

Any information specific to an individual Signup and view all the answers

What is the purpose of the PCI DSS?

To provide protection for credit card transactions Signup and view all the answers

What is a requirement of the PCI DSS?

Building and maintaining a secure network and systems Signup and view all the answers

What is NOT a goal of the PCI DSS?

Regulating websites' privacy policies Signup and view all the answers

How often should organizations that store credit card information be audited and tested?

Periodically, to ensure security controls are in place Signup and view all the answers

What is the primary focus of the GDPR?

To control the use of private information within the EU Signup and view all the answers

What is the main purpose of the PCI DSS?

To provide a framework for credit card transaction security Signup and view all the answers

What is a requirement of the GDPR?

Providing detailed information about website privacy policies Signup and view all the answers

What is the role of periodic audits and tests in the PCI DSS?

To ensure security policies are up to date Signup and view all the answers

What type of information is protected by the PCI DSS?

Credit card information Signup and view all the answers

What is the goal of strong access control measures in the PCI DSS?

To limit access to credit card information Signup and view all the answers

What is a potential consequence of not following compliance regulations?

Incarceration or jail time Signup and view all the answers

What type of data may be regulated by compliance guidelines?

Credit card information Signup and view all the answers

Why is it important for the security team to understand the scope of compliance regulations?

To ensure the organization follows all relevant regulations Signup and view all the answers

What is a possible basis for compliance regulations?

Local geography Signup and view all the answers

What can be a significant consequence of not following compliance regulations for the organization?

A fine Signup and view all the answers

What can be a personal consequence for an individual responsible for compliance in an organization?

Job loss Signup and view all the answers

5_2_1 Section 5 – Governance, Risk, and Compliance - 5.2 – Regulations, Standards, and Frameworks - Security Regulations and Standards

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