The correct answer is 'False'. Organizations need to consider global laws, regulations, and requirements when developing information security policies, especially if they operate across multiple international borders or have customers from different countries. Failure to comply with global regulations can result in legal and financial consequences, including fines, sanctions, and damage to an organization's reputation. Local and national laws are just a subset of what needs to be considered. Global considerations may include GDPR, cross-border data transfer laws, and international standards for data protection.