A multinational corporation is preparing to expand its services into a new country. As part of the security team, you are tasked with ensuring that the expansion meets all relevant compliance requirements. Before launching services in the new location, which of the following steps should be prioritized to address compliance concerns effectively?
Evaluate the rights of data subjects under the company's privacy policy without considering specific local or regional requirements.
Assess existing fines and sanctions to determine the consequences of non-compliance in the current operational regions.
Conduct a comprehensive analysis of the local and regional laws that will apply to the corporation's new operational area.
Research industry best practices for similar multinational expansions.
Review internal policies to ensure they align with the corporation's standard security practices and values.
Perform a detailed vendor assessment focusing on the service-level agreements with local partners.