Question 1 of 30
A multinational corporation, \"GlobalTech Solutions,\" is developing a new cloud-based platform for managing customer data, including sensitive personal information such as financial records and health data. The platform will be used across multiple countries with varying data protection regulations, including GDPR in Europe and CCPA in California. As the designated ISO 14040 Lead Implementer, you are tasked with ensuring that the platform adheres to the principles of Privacy by Design (PbD) as outlined in ISO 29100:2011. Given the complexity of the project and the diverse regulatory landscape, what is the MOST effective initial step to take to ensure successful implementation of Privacy by Design in this scenario, moving beyond simple compliance checklists?
Establish a cross-functional team with representatives from engineering, legal, marketing, and IT to integrate privacy considerations early in the project lifecycle and conduct regular privacy impact assessments throughout the development process.
Conduct a thorough review of all applicable data protection regulations at the end of the platform development and implement necessary changes to ensure compliance before launch.
Delegate the responsibility of privacy compliance to the legal department and rely on their expertise to ensure that the platform meets all regulatory requirements.
Implement standard security measures, such as encryption and access controls, and assume that these measures are sufficient to address privacy concerns without specific privacy design considerations.

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