A large financial institution is preparing to revise its security protocols to enhance the protection of client data. The institution has multiple international offices and must comply with various regional encryption standards. Which of the following should be the primary consideration when updating the company-wide encryption standard?
Develop a new encryption standard internally that is different from all regional standards but meets the minimum required security level.
Implement the least strict regional encryption standard to minimize complications in international operations.
Follow only the regional encryption standards of the country where the financial institution's headquarters is located.
Adopt the strictest regional encryption standard as the company-wide standard to ensure compliance across all locations.