ISO 14040:2006 Lead Implementer Quiz 05 24Mar25 - Practice Quiz

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Question 1 of 30

FinCorp, a financial institution, is implementing a new privacy program to enhance data protection and comply with relevant regulations. According to ISO 29100:2011, what is the MOST effective approach for FinCorp to establish privacy metrics and reporting mechanisms to measure the program\'s success and demonstrate accountability?

Establish specific, measurable, achievable, relevant, and time-bound (SMART) Key Performance Indicators (KPIs) such as the number of data breach incidents, the time taken to respond to data subject requests, the percentage of employees who have completed privacy training, and the number of Privacy Impact Assessments (PIAs) conducted, and provide regular reports to senior management and stakeholders.

Focus solely on tracking the number of compliance audits conducted and the absence of regulatory fines, without measuring the actual impact of the privacy program on data protection and customer trust.

Rely on anecdotal feedback from employees and customers to assess the effectiveness of the privacy program, without establishing formal metrics or reporting mechanisms.

Delegate the responsibility for privacy metrics and reporting to the IT department, without involving other stakeholders or considering the broader ethical and societal implications of data processing.

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