Question 1 of 30
A financial services company is implementing a new customer relationship management (CRM) system that will store sensitive customer data, including personally identifiable information (PII). The company must ensure compliance with various regulations, including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Which of the following strategies would best ensure compliance with these regulations while also maintaining effective data sharing among departments?
Implement role-based access controls (RBAC) to restrict data access based on user roles and responsibilities, ensuring that only authorized personnel can access sensitive data.
Allow all employees unrestricted access to customer data to promote transparency and collaboration across departments.
Store all customer data in a single database without encryption to simplify data retrieval and sharing among departments.
Regularly delete customer data after a set period to comply with data retention policies without considering the implications for customer service.

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