A financial services company based in the United States is preparing to launch a new platform for customers in the European Union and several countries in South America. The CISO has tasked the security team with reviewing all relevant data transfer and privacy laws, such as the GDPR. Which type of external governance consideration is being addressed?
Global considerations are crucial when an organization operates across international borders. In this scenario, expanding to the European Union and South America requires adherence to multinational regulations like the GDPR and various other international data protection laws. This falls under the 'Global' category of external governance considerations. National or regional laws apply within a single country's borders, but the context of operating in multiple distinct international jurisdictions makes this a global issue.
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What are some examples of international laws that impact security governance?