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Question Description

“Governance, Risk Management, and Compliance (GRC) are three pillars that work together for the purpose of assuring that an organization meets its objectives. … Governance is the combination of processes established and executed by the board of directors that are reflected in the organization’s structure and how it is managed and led toward achieving goals. Risk management is predicting and managing risks that could hinder the organization to achieve its objectives. Compliance with the company’s policies and procedures, laws and regulations, strong and efficient governance is considered key to an organization’s success.”

In the business world, there are many laws and regulations/guidelines you have to work within. For this last part of your term project, research a compliance law, regulation, standard, etc. listed below and provide your interpretation of it in a 2-4 page discussion paper, (a minimum of 2 full pages of content) listing how it impacts organizations, why compliance is (or is not) important, and why it’s important for IT Security / Audit to know about it. Include at least one additional reference. This assignment is a mirror of an assignment from our Compliance course, so new material is expected for your submission. Please don’t submit a previously used assignment. That is not allowed!

Interactive List of Compliance Laws: http://idcontent.bellevue.edu/content/CIT/cyber/615/compliance/

The link to the ID Theft Red Flag Rule: http://business.ftc.gov/documents/bus23-fighting-identity-theft-red-flags-rule-how-guide-business

The link to the State Privacy Data Breach Laws: http://www.bakerlaw.com/files/Uploads/Documents/Data%20Breach%20documents/Data_Breach_Charts.pdf.