Question 1 of 30
\"SecureData Solutions,\" a multinational corporation specializing in cloud storage, has already achieved ISO 27001 certification for its Information Security Management System (ISMS). Recognizing the increasing importance of data privacy, especially considering GDPR and similar regulations impacting their global operations, the executive board decides to implement ISO 27701 to establish a Privacy Information Management System (PIMS). Led by their newly appointed Data Protection Officer, Amara, the company seeks to integrate privacy considerations seamlessly into their existing ISMS. Considering the current state of \"SecureData Solutions\" and the objectives of ISO 27701, which of the following actions would most effectively demonstrate the integration of privacy into their existing ISO 27001-compliant ISMS, ensuring alignment with ISO 27701 requirements and demonstrating a proactive approach to data privacy management across the organization?
Conduct a gap analysis of the existing ISO 27001-compliant ISMS against the requirements of ISO 27701, followed by implementing necessary controls and procedures to address identified gaps.
Develop and implement a standalone privacy policy that is separate from the existing ISMS documentation, ensuring it covers all GDPR requirements.
Provide annual privacy awareness training to all employees, focusing primarily on data breach reporting procedures and general privacy principles.
Conduct a one-time review of all data processing agreements with third-party vendors to ensure they include standard data protection clauses.

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