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Question 1 of 29
A financial services company is preparing for its annual security audit. The audit will assess the effectiveness of their security controls, compliance with regulations, and overall risk management practices. The audit team plans to evaluate the company\'s data encryption methods, access controls, and incident response protocols. If the audit reveals that the company has not updated its encryption standards in over five years, which of the following outcomes is most likely to occur as a result of this finding?
The company will need to implement new encryption standards to comply with current regulations and mitigate potential risks.
The company will receive a minor recommendation to update its encryption standards but will not face any significant consequences.
The company will be exempt from updating its encryption standards due to its historical compliance.
The company will be able to maintain its current encryption standards as they are still considered adequate by industry benchmarks.

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