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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Operational Life Cycle of a Privacy Program | 50% | - Monitoring, auditing, and continuous improvement - Implementing privacy controls and procedures - Managing data inventory and data flows - Assessing privacy risks and impacts |
| Topic 2: Privacy Program Governance | 50% | - Stakeholder engagement and communication - Metrics, reporting, and accountability - Privacy program structure and governance models - Policy development and implementation |
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NEW QUESTION # 60
SCENARIO
Please use the following to answer the next QUESTION:
As they company's new chief executive officer, Thomas Goddard wants to be known as a leader in data protection. Goddard recently served as the chief financial officer of Hoopy.com, a pioneer in online video viewing with millions of users around the world. Unfortunately, Hoopy is infamous within privacy protection circles for its ethically Questionable practices, including unauthorized sales of personal data to marketers. Hoopy also was the target of credit card data theft that made headlines around the world, as at least two million credit card numbers were thought to have been pilfered despite the company's claims that "appropriate" data protection safeguards were in place. The scandal affected the company's business as competitors were quick to market an increased level of protection while offering similar entertainment and media content. Within three weeks after the scandal broke, Hoopy founder and CEO Maxwell Martin, Goddard's mentor, was forced to step down.
Goddard, however, seems to have landed on his feet, securing the CEO position at your company, Medialite, which is just emerging from its start-up phase. He sold the company's board and investors on his vision of Medialite building its brand partly on the basis of industry-leading data protection standards and procedures. He may have been a key part of a lapsed or even rogue organization in matters of privacy but now he claims to be reformed and a true believer in privacy protection. In his first week on the job, he calls you into his office and explains that your primary work responsibility is to bring his vision for privacy to life. But you also detect some reservations. "We want Medialite to have absolutely the highest standards," he says. "In fact, I want us to be able to say that we are the clear industry leader in privacy and data protection. However, I also need to be a responsible steward of the company's finances. So, while I want the best solutions across the board, they also need to be cost effective." You are told to report back in a week's time with your recommendations. Charged with this ambiguous mission, you depart the executive suite, already considering your next steps.
What metric can Goddard use to assess whether costs associated with implementing new privacy protections are justified?
Answer: A
Explanation:
This answer is the best metric that Goddard can use to assess whether the costs associated with implementing new privacy protections are justified, as it can measure the financial benefits or value that the privacy protections generate for the company in relation to the costs or expenses that they incur. Return on investment (ROI) is a ratio that compares the net income or profit from an investment to the initial or total cost of the investment. ROI can help to evaluate the efficiency and effectiveness of an investment, as well as to compare different investments or alternatives. ROI can also help to support decision making and budget allocation for privacy protection initiatives.
NEW QUESTION # 61
For an organization that has just experienced a data breach, what might be the least relevant metric for a company's privacy and governance team?
Answer: D
NEW QUESTION # 62
Integrating privacy requirements into functional areas across the organization happens at which stage of the privacy operational life cycle?
Answer: A
Explanation:
Integrating privacy requirements into functional areas across the organization happens at the "protect" stage of the privacy operational life cycle. This stage involves implementing privacy policies, procedures, and controls to ensure that personal data is processed in a lawful, fair, and transparent manner. The other stages of the privacy operational life cycle are "assess", "align", "respond", and "sustain". Reference: CIPM Body of Knowledge, Domain III: Privacy Program Operational Life Cycle, Section B: Protect.
NEW QUESTION # 63
For an organization that has just experienced a data breach, what might be the least relevant metric for a company's privacy and governance team?
Answer: D
Explanation:
Explanation
The number of security patches applied to company devices might be the least relevant metric for a company's privacy and governance team after a data breach. While security patches are important for preventing future breaches, they do not directly measure the impact or response of the current breach. The other metrics are more relevant for assessing how the company handled the breach, such as how it complied with the privacy rights of affected individuals, how it evaluated the privacy risks of its systems, and how it trained its employees on data awareness. References: CIPM Study Guide, page 28.
NEW QUESTION # 64
Which of the following privacy frameworks are legally binding?
Answer: A
NEW QUESTION # 65
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