Summerise elements of effect security 5.4

Question 1

Compliance

Answer 1

Meeting the standards of Laws, policies and regulations. May be penalties, fines, loss of employment, reputation damage, loss of license and incarceration as punishment for not adhering to these standards.

Question 2

Compliance Monitoring - Due diligence/Due care

Answer 2

A duty to act honestly and in good faith, Investigate and verify. Due care tends to refer to internal activities. Due diligence is often associated with third-party activities.

Question 3

Compliance monitoring

Answer 3

Internal and external - Monitoring compliance with internal tools, Provide access or information to third party participants.

Question 4

Privacy

Answer 4

GDPR - European Union regulation. Data protection and privacy for individuals in the EU. controls export of data and gives ‘data subjects’ control of their personal data.