Which of the following is the MAIN reason to follow a formal risk management process in an organization that hosts and uses privately identifiable information (PII) as part of their business models and processes?
Yeah, I agree with Mary. Compliance and risk transfer are important, but really understanding the risks is key. You can't manage what you don't understand.
I think the main reason is C - we need to better understand the risks associated with using PII data. That's critical for any organization handling sensitive information.
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Lawrence
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