Compliance Management

5 minutes 5 Questions

Compliance Management in cloud security involves adhering to the necessary standards and regulations that govern data protection, privacy, and security. Various laws, regulations, and industry-specific standards such as GDPR, HIPAA, and PCI DSS require organizations to assure that appropriate secur…

Complete Guide: Compliance Management for CompTIA Security + Cloud Security Exam

What is Compliance Management?
Compliance management is a strategic program aimed at managing an organization's adherence to legal and ethical standards. It plays a crucial role in risk management, internal and external audit programs, and corporate governance.

Why Is Compliance Management Important?
Compliance management ensures an organization's policies and actions meet legal, ethical, and business requirements. Additionally, it protects the organization from high penalties from noncompliance, enhances company reputation, and boosts customer trust.

How Does it Work?
Compliance Management works by identifying applicable compliances, creating a compliance map, tracking compliance-related issues, and non-compliance rectification. In Cloud Security, it involves keeping up with data privacy laws, industry regulations, and pertinent standards.

Exam Tips: Answering Questions on Compliance Management:
1. Understand the concept: Make sure you've understood the fundamentals of Compliance Management, its importance, and workings.
2. Apply Practical Scenarios: In the exam, try to connect theory with practical scenarios. It will likely click faster when answering application-based questions.
3. Study Laws and Policies: Ensure you're well versed with different compliance laws and cloud security policies. Many questions will be based on these.
4. Use the Process of Elimination: When you are unsure about an answer, use logic to eliminate incorrect or less likely options.
5. Time management: Avoid getting stuck on complicated questions. It's better to move forward and come back later if time allows.
Remember, practice is the key to success. Constantly review and recite facts, and ultimately develop an understanding of the topic.

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Question 1

A healthcare organization must store patient data for at least seven years according to local regulations. What compliance mechanism should the organization implement to ensure data retention requirements are met?

Develop a data retention policy specifying storage and disposal procedures Rely solely on external audit findings for data retention monitoring Delete all data after seven years irrespective of any other considerations Leave data retention decisions to individual employees

Correct Answer: Develop a data retention policy specifying storage and disposal procedures

A data retention policy should be developed specifying storage and disposal procedures, ensuring the organization meets the regulatory compliance requirements by retaining patient data for the required duration.

Question 2

A financial institution is audited by a regulatory authority and received a warning that some of its practices do not meet the required standards. What should be the organization’s next step?

Wait for the next audit to make changes Develop and implement a remediation plan to address the gaps Fire the employees responsible for the oversight Ignore the warning

Correct Answer: Develop and implement a remediation plan to address the gaps

When an organization receives a warning about non-compliant practices, it should develop and implement a remediation plan to address the gaps, ensuring that the organization remains compliant with regulations and standards.

Question 3

An organization is under investigation for potential violations of anti-corruption laws. What should the organization's compliance officer do?

Attempt to influence the investigators Cooperate with the investigators and review the compliance program to identify lapses or gaps Delay the investigation by not providing required information Destroy evidence of potential non-compliance

Correct Answer: Cooperate with the investigators and review the compliance program to identify lapses or gaps

The compliance officer should cooperate with the investigators, and review the organization's compliance program to identify and address any possible lapses or gaps to ensure adherence to relevant laws and regulations.

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