A cybersecurity analyst at a multinational corporation is tasked with reviewing the company's compliance posture. The company operates in the healthcare, finance, and retail sectors across North America and Europe. Which of the following statements accurately describes the regulatory landscape the analyst must consider?
The company must comply with a complex mix of sector-specific and region-specific regulations, such as HIPAA, GLBA, and GDPR.
Regulatory obligations are standardized globally by the ISO 27001 framework, making compliance uniform across all sectors.
The company is only subject to the laws of the country where its corporate headquarters is located.
The company can achieve global compliance by adhering to the single most stringent regulation, such as GDPR.
The correct statement is that the company must comply with a complex mix of sector-specific and region-specific regulations. For instance, its healthcare operations in the U.S. would be subject to the Health Insurance Portability and Accountability Act (HIPAA), while its financial services would need to comply with the Gramm-Leach-Bliley Act (GLBA). Retail operations handling payment cards must adhere to the Payment Card Industry Data Security Standard (PCI DSS). Furthermore, because the company deals with data from European citizens, it must comply with the General Data Protection Regulation (GDPR), which has extraterritorial scope. Regulations are not uniform; they are tailored to specific industries and geographical locations. Adhering only to the strictest regulation or the laws of the headquarters' country is insufficient, and ISO 27001 is a framework, not a replacement for legal statutes.
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