Question 1 of 30
Considering a multinational technology firm that has fully implemented the ISO 29100:2011 Personal Information Protection (PIP) framework, and now faces the emergence of a hypothetical, stringent global data protection regulation that mandates explicit consent for all data processing activities and introduces severe penalties for non-compliance, which strategic approach best reflects the firm\'s adherence to the foundational principles of ISO 29100:2011 in adapting its operations?
Proactively utilize the established Privacy Management Framework to conduct a comprehensive gap analysis against the new regulation, revise internal privacy policies and procedures, and implement updated controls and training programs to ensure compliance.
Wait for specific enforcement actions or penalties related to the new regulation before initiating any internal changes, relying on legal counsel to manage any immediate external inquiries.
Focus solely on obtaining external legal interpretations of the new regulation and disseminating this information to relevant departments without undertaking an internal review of existing data processing activities or controls.
Primarily engage external auditors to certify compliance with the new regulation, assuming their findings will guide all necessary internal adjustments, and deferring significant internal process modifications until audit recommendations are received.