Last Updated on December 10, 2021 by Admin 2
An enterprise learns that a new privacy regulation was recently published to protect customers in the event of a breach involving personally identifiable information (PII). The IT risk management team’s FIRST course of action should be to:
- evaluate the risk appetite for the new regulation.
- determine if the new regulation introduces new risk.
- assign a risk owner for the new regulation.
- define the risk tolerance for the new regulation.